London close: Stocks jump on central bank stimulus
16th Mar 2015 16:45
Strong gains from in the retail sector outweighed falls from energy stocks on Monday, as UK equities recovered strongly after their worst weekly performance so far this year. The FTSE 100 finished the session up 0.94% at 6,804.08 after dropping 2.5% last week. Despite the strong gains, oil and gas
Read moreFTSE 100 movers: Retailers dominate risers, CRH lower on rejected merger
16th Mar 2015 14:08
Tesco led the FTSE 100 risers on reports that advertising and marketing giant WPP Group could potentially buy a majority stake in the supermarket's consumer behaviour tracker Dunnhumby. The business is valued at around £2bn and would offer WPP with an insight into UK shopping habits, the Sunday Tele
Read moreLondon close: Resource and utility stocks drag markets lower, data comes in weak
13th Mar 2015 16:45
UK stocks bounced off their lowest levels of the day by the close but still ended in the red as falling mining, energy and utility shares provided a drag. After touching a low of 6,713.50, London's FTSE 100 finished down 20.49 points (-0.3%) at 6,740.58, ending the week down 2.5%. Brent crude was t
Read moreSector movers: Oil stocks drops as IEA warns of further crude declines
13th Mar 2015 15:51
A fall in oil prices was hitting shares in the energy sector on Friday after the International Energy Agency (IEA) warned that crude may have further to fall. In its monthly report, the Paris-based institution said that the partial rebound that occurred at the start of the year seems to have paused
Read moreLondon midday: Rebound falters as stocks pare gains after weak economic data
11th Mar 2015 11:57
London's stocks rose on Wednesday after plunging to a seven-week low, though any hopes for a full reversal of the prior day's sell-off were shattered by gloomy data from China and weak production figures from the UK. London's FTSE 100 was up just 0.08% at 6,708.24 by midday, having quickly erased ga
Read moreBroker tips: Tullow Oil, Smith & Nephew, Johnson Matthey, Cairn Energy
11th Mar 2015 11:33
Westhouse Securities has maintained a 'buy' recommendation on Tullow after the oil producer and explorer delivered a positive update on its appraisal programme in Kenya. "Tullow is now trading at an unprecedented 36% discount to our core net asset value [forecast] despite having high margin producti
Read morePositives outweigh negatives for Tullow in Kenya, says Westhouse
11th Mar 2015 09:20
Westhouse Securities has maintained a 'buy' recommendation on Tullow after the oil producer and explorer delivered a positive update on its appraisal programme in Kenya. Tullow said it had achieved "excellent results" from the Amosing-1 and Amosing-2A wells in the South Lokichar basin as it looks to
Read moreLondon open: Stocks rebound slightly after sell-off, Domino Printing soars
11th Mar 2015 08:26
UK stocks advanced on Wednesday morning but only partly reversed the prior day's heavy sell-off as a raft of weak economic data from China added to concerns about a slowdown in the world's second-largest economy. London's FTSE 100 was up 0.4% at 6,731.82 in early trading. The index sunk 2.5% on Tue
Read moreTullow Oil enjoys 'excellent results' from latest appraisal in Kenya
11th Mar 2015 07:05
Tullow Oil has hailed its appraisal activity in the South Lokichar Basin in Kenya as it looks to prove reservoir quality and define resources estimates ahead of potential development, though one well had to be plugged and abandoned. Testing of the Amosing-1 and Amosing-2A wells have revealed "excell
Read moreLondon close: FTSE plunges 2.5% to seven-week low as commodity stocks tank
10th Mar 2015 16:33
A stronger US dollar and falling commodity prices led to a rout in the heavyweight energy and mining sectors on Tuesday, pushing the FTSE 100 down 2.5% to its lowest level in seven weeks. The Footsie ended the day down 173.63 points at 6,702.84, with ongoing concerns about Greece further weighing on
Read moreSector movers: Energy stocks hammered as crude falls, risk appetite declines
10th Mar 2015 15:22
Every sector on London's stock market was either flat or trading in the red on Tuesday afternoon, with energy stocks bearing the brunt of the sell-off as risk appetite collapsed. "Rising share prices are few and far between on the FTSE 100 this afternoon, thanks to a heady cocktail of worries that h
Read moreFTSE 100 movers: Oil producers and miners weaker, Easyjet soars on lower costs
10th Mar 2015 14:14
Oil producers such as Tullow, Shell and BG Group led the fallers as crude prices declined. Brent futures were down 1.4% at $57.73 a barrel by noon. Meanwhile, Easyjet was flying higher on the low oil prices, as fuel costs were further minimized. G4S was also among the risers after the security grou
Read moreLondon midday: Stocks at lowest in a month as Greek fears intensify
10th Mar 2015 12:16
UK stocks dropped sharply on Tuesday morning with the Footsie on track for its lowest close in over a month as investors scaled back their appetite for risk amid ongoing tensions between Greece and its creditors. London's FTSE 100 was down 1.2% at 6,793.01 by midday. It has not closed below the 6,80
Read moreUK mining and energy stocks slump on rising USD and declining commodity prices
10th Mar 2015 11:45
Mining and energy stocks slumped on the FTSE 100 index in London on Tuesday as commodity prices continued to erode on the back of a strengthening US dollar and persistent concerns over the health of the Chinese economy. Midday in London, shares in mining stocks slumped with Kaz Minerals down 4.9%, B
Read moreLondon open: Mining stocks and Prudential drag markets lower
10th Mar 2015 08:52
Equity markets declined on Tuesday morning on the back of mixed data from China, with mining stocks bearing the brunt of the selling pressure as metal prices weakened. The FTSE 100, which set a three-week closing low of 6,876.47 on Monday, was down a further 0.22% at 6,861.50 early on with Prudentia
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