FTSE 100 movers: Travel stocks rebound, but supermarkets dip on Kantar data
30th Jun 2015 13:06
UK stocks extended losses on Tuesday, as the recovery in travel stocks was offset by weakness in supermarkets and miners. As of 14:30 BST, the FTSE 100 was trading 0.6% lower at 6,583. Travel stocks including TUI, Easyjet and IAG rebounded from Monday's losses, which followed disruption to tourism
Read moreLondon midday: Stocks pare losses as investors hope for last-minute Greek deal
30th Jun 2015 11:05
UK stocks were trading in the red again on Tuesday, but had bounced off their lows by lunchtime as investors digested the latest news flow from Greece. The FTSE 100 was trading 0.6% lower at 6,583.15 by midday, having bounced off an intraday low of 6,540.52 early on. The index has not closed below t
Read moreLondon open: FTSE drops to January lows on Grexit fears
30th Jun 2015 08:48
UK stocks were trading at levels not seen since the start of the year on Tuesday morning as fears about a Greek exit from the Eurozone intensified. With Greece's current bailout set to expire on the same day that Athens faces a debt repayment to the IMF, investors were once again scaling back their
Read moreLondon pre-open: Stocks to extend drop as Greek crisis deepens
30th Jun 2015 07:40
UK stocks are set to drop further on Tuesday morning after finishing at a five-month low the previous session with Greece set to default on a debt repayment to the IMF. After failing to secure a funding deal with creditors, Athens has effectively ran out of time to come up with the cash to repay the
Read moreTuesday newspaper round-up: Greece, Rio Tinto, UK consumer confidence
30th Jun 2015 07:19
European Council president Donald Tusk sent a letter to Greek prime minister Alexis Tsipras late on Monday, denying the latter's request for reconsidering a bailout extension, reports the Financial Times. Tusk said: "After consultations with leaders, in the absence of new elements, I see no willingn
Read moreFTSE 100 movers: Bunzl dips on slower growth, miners extend losses
23rd Jun 2015 13:28
London markets continued to rebound on Tuesday, as better-than-expected economic data, positive broker sentiment and renewed optimism on Greek negotiations buoyed stocks. As of 14:15 BST, the FTSE 100 was trading 0.3% higher at 6,846. Distribution and outsourcing business Bunzl disappointed with a
Read moreTuesday broker round-up
23rd Jun 2015 08:03
Acacia Mining: Morgan Stanley keeps at equalweight, raises target to 285p from 251p. BHP Billiton: Morgan Stanley stays at equalweight and lifts target to 1,250p from1,150p. Anglo American: Morgan Stanley reiterates underweight and lowers target to 850p from 920p. Antofagasta: Morgan Stanley still
Read moreSavannah Resources shares rocket on Rio Tinto joint venture in Mozambique
22nd Jun 2015 08:11
Industrial metals group Savannah Resources doubled in market value on Monday after the AIM company entered into a joint venture agreement with mining giant Rio Tinto in Mozambique. Savannah's subsidiary AME East Africa has struck a deal with Rio to combine its adjacent Mutamba, Dongane and Jangamo h
Read moreSector movers: Miners retreat as London market just about stays in positive territory
19th Jun 2015 16:18
Greece continued to hound investor sentiment on Friday with mining stocks in general retreat, as the London market just about remained on positive ground. The blue chip FTSE 100 index closed up a mere 2.57 points or 0.04% at 6,710.45 with miners in general retreat from the previous session's high. W
Read moreFTSE 100 movers: Tobacco stocks surge on broker comments, miners lower
16th Jun 2015 12:58
London markets hit a five-month low on Wednesday, driven by continued Greece concerns, a sell-off in Chinese markets and weakness in the mining, construction and technology sectors. As of 14:00 BST, the FTSE 100 was trading 0.42% lower at 6,683. British American Tobacco and Imperial Tobacco led the
Read moreLondon open: UK stocks drop to five-month low ahead of CPI data
16th Jun 2015 08:19
UK stocks dropped into the red for a third straight day on Tuesday on the back of ongoing concerns about Greece, a sell-off in China and caution ahead of inflation data. The FTSE 100 was trading 0.55% lower at 6,673.49 early on, after hitting a three-month closing low of 6,710.52 on Monday. The ind
Read moreLondon close: Stocks end on back foot on Greek debt woes
12th Jun 2015 17:09
The UK stock market ended on the back foot on Friday as concerns about ongoing Greek debt talks continued to weigh on investor sentiment. The FTSE 100 was down 0.90% at 6,786 at the close after the International Monetary Fund's technical team quit discussions due to a lack of progress from Athens.
Read moreFTSE 100 movers: Royal Mail rebounds, oil and gas stocks lower
12th Jun 2015 13:49
UK stocks declined on Friday, led by ongoing Greed debt concerns and weakness in the industrial metals, construction and engineering sectors. As of 15:00 BST, the FTSE 100 was trading 0.84% lower at 6,789. Royal Mail rebounded from Thursday's losses, which came as the Treasury offloaded half of its
Read moreFTSE 100 movers: Supermarkets and miners surge, Weir Group lower on profit warning
10th Jun 2015 13:25
Tesco surged on reports it has invited at least six firms including KKR and Carlyle Group to bid for its South Korean unit Homeplus, which is valued at about $6bn. According to people familiar with the matter cited by Reuters, London-based CVC Capital Partners, Hong Kong-based Affinity Equity Partne
Read moreLondon close: Stocks shake off worries, close off lows
9th Jun 2015 16:38
London stocks managed to finish the session above their worst levels of the day as Wall Street fought to break a three day losing streak, although worries regarding the situation in Greece and the recent selling in German sovereign debt markets continued to weigh on sentiment. The Footsie ended the
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