London midday: Stocks tumble as oil prices extend losses, data disappoints
12th Dec 2014 11:36
Weaker-than-expected data from across the globe and a continued plunge in oil prices meant that there was no let-up in the sell-off for UK equity markets on Friday. Stocks were falling for the fifth day straight, with shares in the oil and gas sector faring the worst. London's FTSE 100 was down a s
Read moreLondon open: Sell-off continues as UK resource stocks tank
12th Dec 2014 08:42
The dramatic sell-off on the FTSE 100 continued into its fifth straight day on Friday as a weak finish on Wall Street and disappointing data from China hammered already-fragile sentiment on the market. London's benchmark index was down a staggering 1.3% at 6,377 early on, dropping below the 6,400 le
Read moreLondon open: Stocks rebound from five-week low as energy shares gain
11th Dec 2014 08:21
UK stocks edged higher on Thursday after sinking to a five-week low, though gains were only modest ahead of a data-heavy session. The FTSE 100 was up 0.3% at 6,520 early deals, helped by a small rebound in the energy sector. A three-day sell-off wiped 3.5% off the value of the Footsie and sent the
Read moreLondon close: UK stocks drop to five-week low as oil sinks further
10th Dec 2014 16:40
UK stocks dropped to their lowest levels in five weeks on Wednesday as turmoil in the oil prices intensified with crude prices sinking to a fresh five-year low. The FTSE 100 erased earlier gains to finish down 0.45% at 6,500. It has not closed below this level since 4 November when it settled at 6,4
Read moreSector movers: Energy stocks tank as oil-price plunge intensifies
10th Dec 2014 15:43
Stocks in the oil producing and oil services sectors were hit by renewed selling pressure on Wednesday as crude prices dropped to fresh five-year lows. A weaker demand forecast from OPEC and a surprise increase in US crude inventories were weighing heavily on oil prices in afternoon trade, with Bren
Read moreLondon midday: UK stocks at one-month low on global concerns, Tesco plummets
9th Dec 2014 11:40
UK stocks were on track to settle at their lowest level in a month on Tuesday as a recent sell-off in oil hit energy shares and a profit warning from Tesco hammered retailers. Crude was trading at a fresh five-year low on the back of concerns about oversupply and slowing global growth. Political unc
Read moreLondon open: Stocks sideswiped by oil plunge, growth concerns, Tesco profit warning
9th Dec 2014 09:24
UK stocks dropped sharply for the second straight session on Tuesday as plummeting oil prices, macro concerns and a profit warning from retail giant Tesco hammered market sentiment. After losing 1% of its value the previous session, London's FTSE 100 was down a further 1.3% at 6,584 in early deals.
Read moreLondon close: FTSE 100 drops over 1% as oil and mining stocks drop
8th Dec 2014 16:29
Weakness in the oil and gas sectors and poor economic data from across the globe prompted a weak start to the week for the UK stock market, as equities pulled back from a two-week high. With crude prices tumbling to their lowest in over five years, oil producers and stocks in the oil services sector
Read moreSector movers: Oil stocks under pressure as crude continues to slide
8th Dec 2014 15:27
An on-going slide in the price of oil was weighing on the oil and gas sector again on Monday with crude prices falling to their lowest level in five years. West Texas Intermediate (WTI) futures for January delivery were down 2.4% at $64.27 a barrel by the afternoon in London, while Brent for January
Read moreFTSE 100 movers: Brent crude price crash hits oil and gas stocks
8th Dec 2014 14:29
Shell registered losses as the price of Brent crude dropped to its lowest in five years. Brent touched a low of $66.77 on Monday, its worst intraday level since October 2009. Morgan Stanley lowered its forecast for the average price of Brent oil in 2015 to $70 from $98, expecting it to trough in the
Read moreSector movers: Mining and oil stocks drop as ECB holds off on stimulus
4th Dec 2014 15:09
Cyclical sectors such as mining and oil were the worst performers of the day on Thursday as the wider stock market weakened in the absence of stimulus measures from the European Central Bank (ECB). The ECB held off from making a move at its meeting, saying instead that it would look at injecting sti
Read moreBroker tips: Oil stocks, IHG, Vodafone, Balfour Beatty
1st Dec 2014 12:30
A continued drop in oil prices was weighing heavily on the exploration and production sector again on Monday, with stocks dampened further after a number of ratings downgrades by US broker JPMorgan Cazenove. The bank has cut its recommendations for UK-listed Afren (from 'overweight' to 'underweight'
Read moreLondon midday: UK stocks on track for two-week low as factory data disappoints
1st Dec 2014 11:28
UK stocks dropped on Monday and were set to close at their lowest level in over two weeks as disappointing economic data and weaker oil prices pushed shares in the resource sectors lower. Aberdeen Asset Management was a standout riser after impressing with its annual results, but oil producers and m
Read moreOil stocks continue to slide as JPMorgan downgrades ratings
1st Dec 2014 11:26
A continued drop in oil prices was weighing heavily on the exploration and production (E&P) sector again on Monday, with stocks dampened further after a number of ratings downgrades by US broker JPMorgan Cazenove. The bank has cut its recommendations for UK-listed Afren (from 'overweight' to 'underw
Read moreLondon open: Resource stocks drag FTSE 100 to lowest in over two weeks
1st Dec 2014 08:33
The UK stock market started the new week on the back foot after yet more disappointing economic data from China dampened sentiment, with shares in the mining and oil sectors falling sharply. The official purchasing managers index (PMI) for China came in below expectations at an eight-month low, addi
Read more