Sector 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
Read moreHika Pharma promoted to FTSE 100 but Tullow Oil gets kicked out
5th Mar 2015 15:01
Hika Pharmaceuticals and Tullow Oil are switching places at start of the second quarter of this year as the FTSE Group reshuffles components across its leading London benchmarks. In its quarterly review, the FTSE Group have outlined which companies have been promoted or demoted from its indices. The
Read moreLondon close: FTSE pulls back from record as miners dip into the red
2nd Mar 2015 16:37
UK stocks inched lower on Monday after hitting a new intraday record high during the session as markets were underwhelmed by a raft of positive manufacturing data and a rate cut in China. London's FTSE 100, which rose to a new all-time peak of 6,974.26 early on, finished 6.02 points lower (-0.09%) a
Read moreLondon midday: Investors take profits after FTSE hits fresh intraday record
2nd Mar 2015 11:41
After a bright start, UK stocks dropped into the red by Monday lunchtime as investors assessed a raft of economic data and took profits after markets reached new record highs. The FTSE 100 was down 0.01% at 6,945.68 by midday, erasing gains after rising to a new intraday all-time high of 6,974.26 in
Read moreLondon open: UK stocks hit new record high on China rate cut
2nd Mar 2015 08:52
UK stocks rose modestly to a new record high on Monday morning on the back of gains in the banking and mining sectors, tracking a strong performance on Asian markets overnight after a rate cut in China. The FTSE 100 was up 0.3% at 6,969.46 within the opening hour, having risen as high as 6,972.01 in
Read moreFTSE 100 movers: HSBC lower on tax scandal fines, LSE boosted by higher price target
23rd Feb 2015 14:59
HSBC was among the fallers after reporting a 17% drop in pre-tax annual profit to $18.68bn, as the lender was hit by fines for its involvement in the foreign exchange rigging scandal. Chief executive Stuart Gulliver said 2014 was a "challenging year in which we continued to work hard to improve busi
Read moreFTSE 100 movers: Standard Life lifted by results, IAG down with a bump
20th Feb 2015 13:59
Insurance giant Standard Life surged after beating forecasts with a 19% increase in annual operating profit before tax from continuing operations to £604m, while the total dividend was lifted 7.8% to 17.03p per share. The recent acquisition of Ignis also helped it to increase assets under administra
Read moreLondon midday: Eurozone data and Greek optimism push UK stocks higher
20th Feb 2015 11:43
UK stocks neared an all-time high on Friday morning after upbeat data on the Eurozone economy, as investors showed optimism ahead of an emergency meeting about Greek debt. Markets mostly shrugged off weak economic data from the UK, where retail sales fell more than expected in January. London's FTS
Read moreLondon open: Standard Life, energy stocks support markets ahead of Greek meeting
20th Feb 2015 08:42
UK stocks edged higher on Friday morning on the back of well-received results from Standard Life and gains in the oil sector as investors awaited a pivotal meeting about Greek debt later on. London's FTSE 100 was up 0.06% at 6,892.72 early on. The index has remained broadly flat over the last three
Read moreSector movers: Oil stocks track crude prices lower ahead of stockpile data
19th Feb 2015 15:41
Oil producers and energy services stocks were hit on Thursday by a tumble in the price of crude on the back of speculation that US government data will show that oil stockpiles rose to a record high last week. Industry group, The American Petroleum Institute, said on Wednesday that stockpiles of cru
Read moreFTSE 100 movers: Centrica drops, oil and gas stocks lower
19th Feb 2015 14:14
With oil and gas prices plummeting, Centrica took dramatic action by slashing its dividend and future payout policy, warning that earnings for next year will be lower than expected too. Shares in the British Gas owner dropped sharply the company cut its dividend 21% to 19.2p, which will be a "major
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