By This Is Money Reporters Published: 02:42 EST, 12 May 2014 | Updated: 11:59 EST, 12 May 2014 17.30 (CLOSE): Resurgent mining stocks and a fresh bout of merger and acquisition activity lifted the FTSE 100 Index to near its highest point of the year today. London’s top flight index was 37.2 points higher at Read More
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By Sudip Kar-Gupta LONDON (Reuters) – A rise in heavyweight mining stocks lifted Britain’s top equity index on Monday, pushing the UK stock market back towards its highest level since early 2000. The blue-chip FTSE 100 index was up by 0.2 percent, or 13.84 points, at 6,828.41 points in mid-session trading – within touching distance Read More
By Atul Prakash LONDON (Reuters) – The FTSE 100 advanced on Monday morning, with mining companies leading the market higher as metals prices rose and JPMorgan upgraded the sector. The UK mining index rose 1.8 percent to a one-month high after JPMorgan raised the European mining sector to “overweight” from “underweight”. The bank said it Read More
By This Is Money Reporters Published: 02:36 EST, 9 May 2014 | Updated: 11:25 EST, 9 May 2014 17.10 (close): The FTSE 100 Index dropped back from an 11-week high today after sentiment was hit by a heavy slump for energy services firm Petrofac. Petrofac dived more than 15 per cent, or 211p to 1177p, Read More
* Blue-chip FTSE 100 index falls 0.4 percent * Petrofac (Frankfurt: A0HF9Y – news) slides 15.9 pct after profit warning * IAG hit by post-results profit-taking * FTSE 100 about 2 pct away from record high By Tricia Wright LONDON, May 9 (Reuters) – Britain’s top share index slipped from a 10-week high on Friday, Read More
By Atul Prakash LONDON (Reuters) – The FTSE 100 slipped from a 10-week high on Friday, with energy services group Petrofac slumping after a profit warning and aero-engines maker Rolls-Royce hurt by broker downgrades. Tensions in Ukraine also prompted investors to take some money off the table after recent gains, analysts said. Petrofac fell 16.7 Read More
* FTSE 100 index rises 0.6 pct, highest close since Feb 24 * Draghi says ECB poised to shore up economy as soon as June * Barclays (LSE: BARC.L – news) gains on bold revival plan * Morrisons rallies; maintains year’s profit forecast By Tricia Wright LONDON, May 8 (Reuters) – Britain’s top shares closed Read More
By This Is Money Reporters Published: 02:58 EST, 8 May 2014 | Updated: 11:23 EST, 8 May 2014 17.15 (close): Plans unveiled by Barclays for the scaling back of its troublesome investment banking arm provided a shot in the arm for the group’s shares today. Barclays will cut a further 7,000 jobs in the division Read More
By This Is Money Reporters Published: 02:58 EST, 8 May 2014 | Updated: 11:23 EST, 8 May 2014 17.15 (close): Plans unveiled by Barclays for the scaling back of its troublesome investment banking arm provided a shot in the arm for the group’s shares today. Barclays will cut a further 7,000 jobs in the division Read More
By Atul Prakash LONDON (Reuters) – Britain’s top share index rose in morning trade on Thursday following encouraging company updates, with BT surging after strong results and Barclays bank after announcing a revival plan. Barclays climbed 4.4 percent, the top percentage gainer on the FTSE 100 index, after saying it will cut 19,000 jobs in Read More