SocGen sees more excess capacity in iron-ore, miners down
9th Jun 2015 13:42
Societe Generale lowered its iron ore price estimate for the period between 2015 and 2018 "conservatively" to $55 per metric tonne and to $70 per metric tonne thereafter. That was roughly $20 per metric tonne below its previous estimates. On the back of the reduction, which is motivated by cost red
Read moreFTSE 100 movers: HSBC dips on cuts and closures, miners lower
9th Jun 2015 13:17
UK stocks were slightly lower on Tuesday, as fragile negotiations between Greece and its creditors weighed on investors' risk appetites. Sector-wise, industrial metals, oil and telecommunications stocks provided the biggest drag. As of 14:30 BST, the FTSE 100 was trading 0.16% lower at 6,779. HSBC
Read moreLondon midday: Stocks knocked lower by Greek worries, Chinese data
9th Jun 2015 12:14
London stocks registered early gains although traders were still treading cautiously given the delicate state of the negotiations between Greece and its creditors. As of 12:20 the Footsie was lower by 19.89 points or 0.29% to 6,773.54 points. In parallel, Germany's Dax could be seen lower by 1.30% t
Read moreSector movers: Mining, materials stocks hammered as London ends lower
9th Jun 2015 10:26
Mining and materials stocks led the London market lower on Tuesday, with Greece still hounding investor sentiment. The blue chip FTSE 100 closed 0.53% or 36.24 points lower at 6753.80, as Chinese data hammered the mining sector since the commencement of proceedings fairly early on in the session. A
Read moreFTSE 100 movers: Diageo surges on bid speculation, miners lower
8th Jun 2015 13:49
UK stocks were trading slightly higher on Monday, led by strength in the telecommunications, construction and transport sectors. As of 15:15 BST, the FTSE 100 was trading 0.17% higher at 8,816. Diageo led the risers following media reports of bid interest over the weekend. 3G Capital, which is owne
Read moreFTSE 100 movers: Supermarkets lower, oil and mining stocks surge
5th Jun 2015 12:57
UK stocks were trading firmly in the red on Friday, as Greece missed the deadline for its €300m payment and OPEC decided against curbing oil production. Sector-wise, gains made by oil stocks and miners were offset by weakness across construction and food retailer stocks. As of 14:00 BST, the FTSE 1
Read moreFTSE 100 movers: supermarkets, tobacco and mining stocks rebound
3rd Jun 2015 13:24
UK stocks were trading higher on Wednesday afternoon, led by gains in the construction, food retail and engineering sectors. As of 14:30 BST, the FTSE 100 was trading 0.46% points higher at 6,960. Morrisons and Sainsbury extended gains, following Tuesday's positive sentiment from Kantar Worldpanel,
Read moreFTSE 100 movers: British American Tobacco fizzles, metals miners strong
2nd Jun 2015 14:00
London stocks dipped on Tuesday afternoon, as investors kept a close eye on developments in Greece and tobacco, property and utility stocks dragged. As of 15:00 BST, the FTSE 100 was trading 0.33% lower at 6,930.47 British American Tobacco topped the fallers after a class-action lawsuit in Canadafo
Read moreSector Movers: Miners, foods retailers send London market lower
29th May 2015 15:47
London market slipped back into the red on Friday trading, with miners and food retailers bearing the brunt of the selloff. The FTSE 100 came in at 6984.43 down 0.80% or 56.49 points, as traders indulged in an end of the week profit taking spree as Thursday's gainers in the shape of bankable tobacco
Read moreCitigroup cuts long-term iron ore price forecast; sees shrinking demand
27th May 2015 09:33
Citigroup downgraded its long-run benchmark iron price forecast to $55 a metric tonne from $81 on Wednesday, pointing to declining demand, lower costs and cheap expansions. Citi said it expects global demand to contract from 2018 to 2025, led by top-consumer China, while low-cost output rises. "Per
Read moreLondon close: FTSE plunges 1.2% as winning streak ends on Greek fears
26th May 2015 16:35
Heavy losses in the mining, banking and sectors weighed heavily on UK stock markets on Tuesday, as uncertainty in Greece and mixed economic data from the States hammered risk appetite among investors. The FTSE 100, which had been trading with moderate losses for most of the day, experienced a sell-o
Read moreSector movers: Mining shares, Vodafone chatter edge FTSE 100 towards record high
22nd May 2015 13:46
Mining and telecommunications shares, with the latter led by Vodafone, edged the FTSE 100 towards a record high on Friday. With the weekend closing bell in sight, at 16:15 BST, the blue chip index was up 0.55% or 38.24 points at a fresh record high of 7051.71. Chatter over Vodafone's possible merger
Read moreFTSE 100 movers: Miners higher, Hargreaves Lansdown surges on record inflows
21st May 2015 13:19
London stocks inched higher on Wednesday, buoyed by stronger than expected retail sales and strong performances from mining, telecommunications and pharmaceutical stocks. At 14:30 BST, the FTSE 100 was trading 4 points higher at 7,011. Mining stocks, including Fresnillo, BHP Billiton and Rio Tinto,
Read moreSector movers: Miners weigh on FTSE, real estate continues to rally
19th May 2015 17:27
Industrial metals and mining provided the biggest drag on the FTSE on Tuesday, with giants BHP Billiton and Rio Tinto registering some of the biggest losses. BHP Billiton, by the far the UK's biggest miner, extended Monday's decline, which was driven by the disappointing Australian debut of its spin
Read moreFTSE 100 movers: BHP Billiton extends losses, Land Securities surges on higher dividend
19th May 2015 13:15
UK stocks edged higher on Tuesday, despite confirmation of the UK's first deflation since the 1960s. Sector-wise, losses made by miners and telecommunications were offset by strong results from real estate, construction and insurance stocks. As of 2:40GMT, the FTSE 100 was trading 28 points higher a
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