London close: Equities drop after worse-than-forecast non-farms
4th Sep 2015 16:11
(ShareCast News) - Equities in the UK market ended lower on Friday after the US non-farm payrolls report missed forecasts. American employers added 173,000 jobs in August following an upwardly revised 245,000 in July, data released on Friday by the Labor Department showed. The figure was the smalle
Read moreFTSE 100 movers: Hikma nudges up on Goldman upgrade, miners slide
4th Sep 2015 12:06
(ShareCast News) - London's top-flight index was down 2.2% to 6,059.90 at 1515 BST, extending earlier losses following a weaker-than-expected US nonfarm payrolls report. Hikma Pharmaceuticals nudged a little higher after Goldman Sachs upgraded the stock to 'buy' from 'neutral' and lifted its price t
Read moreFTSE 100 movers: easyJet flies higher on profit guidance, Weir slips on demotion
3rd Sep 2015 12:40
(ShareCast News) - London's FTSE 100 was on the front foot Thursday, taking its cue from strength on Wall Street as the closure of Chinese markets provided investors with some much-needed respite. At 1305 BST, the top-flight index was up 1.4% at 6,165.81. Budget airline EasyJet flew higher after lif
Read moreRio Tinto expects iron ore demand to keep growing
3rd Sep 2015 09:43
(ShareCast News) - Mining giant Rio Tinto said on Thursday that it expects demand for iron ore and steel to continue growing despite a slowdown in China. The group said it continues to expect 2.5% average annual growth for steel demand across China and the rest of the world over the next 15 years, c
Read moreFTSE 100 movers: Miners push higher, StanChart rebounds from recent losses
27th Aug 2015 14:17
(ShareCast News) - London's top-flight index was firmly on the font foot on Thursday, with miners pacing the advance, as Asian markets stabilised following intervention from the People's Bank of China, and as expectations of a rate hike by the Federal Reserve were pushed back. Asia-focused Standard
Read moreFTSE 100 movers: Randgold makes late bounce, as constituents all in red
24th Aug 2015 15:27
(ShareCast News) - Every one of the FTSE 100 shares were in the red on Monday, as stock markets all belly flopped the world over, sparked by a dismal finish last week and a bad start from China on Monday morning. After falling more than 5% at one stage, the FTSE pared losses latter in the London
Read moreFTSE 250 movers: N Brown bounces back, Poundland dragged ahead of CMA decision
24th Aug 2015 15:11
(ShareCast News) - The FTSE 250 showed a few green islands of buoyant investor sentiment, compared to the red sea of the FTSE, though the index was well in negative territory on Monday like all its counterparts around the globe. By 1600, London's the mid-cap index was down 3.44% at 16,295.98 points.
Read moreFTSE 100 movers: Anglo American, BHP lead fallers
18th Aug 2015 14:31
(ShareCast News) - The FTSE 100 was down 23 points, or 0.35%, to 6,527. Shares fell as a rise in inflation heightened the debate on whether the Bank of England would lift rates as early as this year. Inflation rose by just 0.1% in July compared with expectations of a zero reading. On the stock marke
Read moreLondon open: Stocks open flat ahead of UK inflation figures
18th Aug 2015 08:32
(ShareCast News) - London stocks opened flat on Tuesday ahead of the release of UK inflation data which is expected to show a pick-up in growth. Analysts predict consumer prices rose 0.9% in July compared to a year ago, after a 0.8% gain a month ago. While the Bank of England is targeting 2% inflat
Read moreLondon midday: Oil and commodity producers push UK stocks lower
17th Aug 2015 11:27
(ShareCast News) - UK stocks dropped as a measure of oil and commodity producers declined. BP and Royal Dutch Shell were in the red as oil prices fell towards six-year lows on Monday after data showed Japan's economy contracted and US producers added drilling rigs despite a recent slump in the indus
Read moreFTSE 100 movers: Prudential rallies as first-half numbers impress, Burberry slumps on yuan devaluation
11th Aug 2015 14:36
(ShareCast News) - London's FTSE 100 index was down 0.8% at 6,681 at 1500 BST, as the devaluation of the yuan hit the heavily-weighted mining sector. Prudential was the standout gainer after the insurer posted a better-than-expected 17% rise in first-half operating profit and lifted its interim divi
Read moreInvestec downgrades Glencore as it reviews mining sector
10th Aug 2015 10:15
(ShareCast News) - Investec cut Glencore to 'sell' from 'buy' as it revised equity target prices on a number of mining stocks following further weakness in the Chinese economy and downgrades to its commodity price deck. "The increasing problems in China have caused us to reassess our commodity price
Read moreBroker tips: William Hill, UK Mail, Rio Tinto
7th Aug 2015 13:48
(ShareCast News) - Nomura on Friday reiterated its 'buy' rating on William Hill, citing the company's "strong, differentiated online presence". The gambling group reported a 35% fall in pre-tax profit to £78.7m and flat net revenue for the six months to 1 July as it battled through a period of major
Read moreMacquarie upgrades Rio Tinto after strong first-half results
7th Aug 2015 11:49
(ShareCast News) - Macquarie upgraded Rio Tinto to 'neutral' from 'outperform' and lifted the price target to 3,300p from 3,200p following the company's first-half numbers. It said the results were strong, with underlying earnings 10% better than Macquarie expected, adding that the reduced capital e
Read moreRio Tinto first-half profit drops but beats expectations
6th Aug 2015 07:40
(ShareCast News) - Mining giant Rio Tinto reported a 43% drop in underlying first-half profit as it took a hit from declining commodity prices, iron ore in particular, although the figures still beat expectations. For the six months ended 30 June, underlying profit came in at $2.9bn from $5.12bn in
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