FTSE 100 movers: Anglo American surges as Blackrock increases stake
5th Feb 2016 14:26
(ShareCast News) - The FTSE 100 was set to finish the week just in the black, up 1.32 points (0.02%) to 5,900.08 points by mid-afternoon on Friday. Anglo American led the risers for the second day running, while its sector peers were tracking the other way. It followed shares in Anglo rising on Thur
Read moreFTSE 100 movers: Anglo surges as miners rise
4th Feb 2016 14:22
(ShareCast News) - The FTSE 100 had turned things around on Thursday, with the blue chip market in the green by mid-afternoon for the first time this week, up 33.66 points (0.58%) to 5,870.80. Miners were the biggest risers of the day as commodity prices rose as well as Asian stocks. Anglo American,
Read moreFTSE 100 movers: BP leads market fallers on losses
2nd Feb 2016 14:13
(ShareCast News) - The FTSE 100 was back below 6,000 on Tuesday, dropping 151.22 points (2.5%) to 5,908.88 by mid-afternoon. BP took the biggest hit after $2.6bn of write-downs and restructuring charges sent it crashing into losses for the fourth quarter and full year. A $3.31bn loss was reported f
Read moreSunday newspaper tips: Ocado, Satellite Solutions, BHP Billiton, Rio Tinto
31st Jan 2016 14:29
(ShareCast News) - Sell shares in Ocado, said the Sunday Times' Inside the City column, as it has failed to deliver its long-promised deal to license out its online grocery technology to an overseas supermarket. Of course such a deal could still appear and help stop the shares' decline. However, it
Read moreRio Tinto offloads Australian thermal coal project for $224m
27th Jan 2016 07:02
(ShareCast News) - Rio Tinto has agreed to sell its Mount Pleasant thermal coal project in Australia for an initial $83m rising to $224m (£156m) plus future royalties. With the recently announced binding agreement for the sale of Rio Tinto's interest in the neighbouring Bengalla coal joint venture,
Read moreFTSE 100 movers: Miners dominate as market claws back losses
26th Jan 2016 13:43
(ShareCast News) - After starting the day in the red, the FTSE 100 clawed back to even territory by rising 3.09 points (0.05%) to 5,880.09 by mid-afternoon. Miners dominated the risers list as oil prices stayed above $30 a barrel and gave the market some confidence. At 1416 GMT, Brent crude had rise
Read moreLondon close: Homebuilders lead bounce after Carney's remarks
19th Jan 2016 16:15
(ShareCast News) - Equities bounced back on Tuesday as a slowdown in Chinese economic growth fuelled stimulus hopes in Asia's largest economy and following 'dovish' remarks from the Governor of the Bank of England. The Footsie finished 96.88 points or 1.68% higher at 5,876.80 points, while the secon
Read moreFTSE 100 movers: China data gives boost to miners
19th Jan 2016 13:38
(ShareCast News) - The FTSE 100 surged on Tuesday, rising 102.51 points (1.77%) to 5,882.43 by mid-afternoon. The market was led by the miners, after worse-than-expected economic growth data from one of the world's largest commodities consumers raised hopes of further stimulus measures. China's gro
Read moreRio Tinto fourth quarter iron ore production up 11%
19th Jan 2016 07:45
(ShareCast News) - Australian mining colussus Rio Tinto increased iron ore production in the fourth quarter of 2015 by 11% to 87m tonnes. In a production update, the company said global iron ore shipments were in line with 2015 full year guidance of around 340m tonnes (100% basis). The strong secon
Read moreFTSE 100 movers: Oil prices sink blue chip market
15th Jan 2016 14:29
(ShareCast News) - The FTSE 250 is set to end the week on a sour note, with the blue chip market sitting down 119.49 points (2.02%) at 5,798.74 by mid-afternoon Friday. Falling oil prices affected most of the market's biggest fallers, as oil stayed below $30 a barrel. That hit the mining sector, esp
Read moreRio Tinto freezes pay ahead of "very sobering" year ahead
14th Jan 2016 15:30
(ShareCast News) - Rio Tinto chief executive Sam Walsh has enforced a global pay freeze across the company as part of a cost-cutting exercise for what he expects will be "an even tougher year". In a note to staff, Walsh said "Late last year, we saw market prices continue to rapidly fall. What
Read moreFTSE 100 movers: China confidence boosts miners
13th Jan 2016 14:05
(ShareCast News) - The FTSE 100 was in the black again on Wednesday, up 73.00 points (1.23%) by mid-afternoon to 6,002.24. Miners led the way as confidence was restored somewhat in China, the world's largest commodities importer after data showed China's trade surplus rose more than expected. It wi
Read moreMiners might put in a better showing as the year progresses, Citi says
13th Jan 2016 09:07
(ShareCast News) - Shares of miners may perform better as the year progresses driven mainly by improvements in their balance sheets and cash flows, whereas markets appeared to be most worried at present with their spot earnings, Citi said on Wednesday. A regression analysis carried out by the analys
Read moreBarclays lowers targets on miners; Anglo American and Randgold spared
12th Jan 2016 13:40
(ShareCast News) - The bad times for the mining sector were likely to continue, despite a tough last five years, which saw the worst performance for it since 1966, analysts at Barclays said. With the Chinese economy stagnating and purchasing managers' indices already beginning to roll over elsewhere
Read moreFTSE 100 movers: Miners drive down blue chip market
6th Jan 2016 14:59
(ShareCast News) - The FTSE 100 had dropped 86.42 points (1.41%) by mid-afternoon Wednesday, down to 6,050.82 points. Miners were again on the list of risers and fallers for a second day in a row, but this time on the negative side. Anglo American, BHP Billiton, Rio Tinto, Glencore and Antofagasta a
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