London 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 moreLondon close: Rising travel and retail stocks offset losses from energy sector
28th Nov 2014 16:26
A slight recovery in oil prices wasn't enough to ease the pressure on the energy sector on Friday, though stocks in London erased losses by the end of trade as shares in the travel and retail sectors jumped. "Clearly firms with a focus on consumer spending will be indirect beneficiaries of increase
Read moreLondon midday: Crude stabilises but oil stocks continue to slide
28th Nov 2014 11:43
The UK stock market dropped on Friday as shares in the energy sector dropped after the recent slump in crude on concerns about a global oversupply of oil. Oil producers and energy services stocks were extending losses made the previous session with crude prices set to register their steepest weekly
Read moreLondon open: FTSE 100 falls as energy stocks extend losses after OPEC meeting
28th Nov 2014 08:41
Despite already having plunged the previous session, stocks in the energy sector were under further selling pressure on Friday in the aftermath of the OPEC meeting, pushing the FTSE 100 firmly into the red. The Organization of Petroleum Exporting Countries decided on Thursday not to scale back their
Read moreSector movers: Oil stocks tank as OPEC reportedly maintains target, crude extends losses
27th Nov 2014 14:36
Concerns about falling oil prices hammered stocks in the energy sector on Thursday, with shares extending losses on reports that the Organization of Petroleum Exporting Countries (OEPC) has held off from scaling back production at its meeting in Vienna. Brent futures for January delivery were down 3
Read moreLondon midday: FTSE flat as energy shares slump ahead of OPEC meeting
27th Nov 2014 11:33
Heavy falls in the energy sector kept a lid on gains for the FTSE 100 on Thursday as investors awaited the outcome of a pivotal meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna. London's benchmark index was up just 0.06% at 6,733 by midday. The index has traded broadly s
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