London 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
Read moreLondon close: Stocks end with small gains but upside limited
18th May 2015 17:02
London's FTSE 100 managed to finish in the green after a choppy session, though upside was limited by continuing uncertainty in Greece. The Footsie settled 8.38 points higher at 6,968.87, ending well below the intraday high of 7,015.49 but firmly above the intraday low of 6,931.64. While mining sto
Read moreSector movers: BHP Billiton falls, but miners broadly higher
18th May 2015 14:50
Mining stocks were among the best performers of the day on Monday as gains across the wider sector outweighed heavy losses by heavyweight metals producer BHP Billiton. BHP Billiton was trading 4.1% lower after its South32 spin-off was valued at the lower end of market expectations on its debut on th
Read moreFTSE 100 movers: Fresnillo surges on strong output guidance, financials lower
18th May 2015 12:34
UK stocks erased early gains as Greek concerns and a lack of economic data stoked investor uncertainty. Sector-wise, financials delivered the biggest drag, while energy stocks and miners provided a welcome boost. As of 13:30, the FTSE 100 was trading flat, just 1 point higher at 6,961 points. Fresn
Read moreLondon midday: Early gains wiped out on Greek uncertainty
18th May 2015 11:54
UK stock markets had erased gains and were trading flat by Monday lunchtime with financial shares providing a drag on concerns about Greece. The FTSE 100 was down 0.08% at 6,955.17 by midday, pulling back after reaching a high of 7,015.49 early on. Financials were trading lower with banking group L
Read moreLondon open: Stocks advance as Aveva and Bwin jump on M&A
18th May 2015 09:13
UK stocks jumped on Monday morning despite ongoing uncertainty about Greece, as the mood on the market was boosted by bid speculation surrounding Aveva and Bwin.party. The FTSE 100 was up 0.56% at 6,999.75 early on, with mining stocks leading the charge, though BHP Billiton was bucking the trend. E
Read moreRio Tinto could sell $1bn of aluminum assets
18th May 2015 07:06
British-Australian multinational metals and mining giant Rio Tinto could sell its Pacific Aluminum (PacAl) business in a deal that could be valued at $1bn, the Financial Times reported on Sunday. The same source reported that the company could engage Credit Suisse to find a buyer for PacAl, which co
Read moreTuesday tips round-up: BHP Billiton, Rio Tinto, Vale, Lonmin
12th May 2015 14:52
Iron ore prices have halved over the last year, notwithstanding a recent bounce, as the main producers - Rio Tinto, BHP Billiton and Vale - have moved to raise production. Investors should not misread recent hints of future production cuts from the likes of BHP. None of the majors has in fact cut ba
Read moreGlobal copper supply impingement 'severely underestimated', says Citi
12th May 2015 12:17
Missed copper production targets over the first quarter of the year suggest supply impingement has been underestimated, according to analysts at Citigroup. In a note to clients on Tuesday, Citi analysts David Wilson, Nell Agate and Ivan Szpakowski noted: "The full range of first quarter production m
Read moreSector movers: Royal Mail, food reatilers edge higher while property stocks extend gains
11th May 2015 14:19
Spikes in Royal Mail shares, food retail, mining and property companies provided market momentum on Monday, with the FTSE 100 trading marginally down. At 16:33 BST, the blue chip index was down 0.18% or 12.41 points at 7,034.41 points as shares in Royal Mail topped the risers after rival postal f
Read moreFTSE 100 movers: Royal Mail surges on Whistl funding crisis
11th May 2015 13:32
Royal Mail topped the risers after rival postal firm Whistl revealed it has halted deliveries because private equity backer LDC had pulled out of funding to help expansion efforts. Whistl said it was reviewing the viability of its London, Manchester and Liverpool due to challenging market conditions
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