News

* FTSE 100 down 0.2 pct * Outlooks from Rolls Royce (LSE: RR.L – news) , Tate & Lyle (LSE: TATE.L – news) , Lloyds disappoint * UK benchmark’s close above 50-day MA encouraging-analysts By Tricia Wright LONDON, Feb 13 (Reuters) – Britain’s top share index fell on Thursday after six straight days of gains, Read More

* FTSE 100 down 0.6 pct * Outlooks from Rolls Royce (LSE: RR.L – news) , Tate & Lyle (LSE: TATE.L – news) and Lloyds disappoint * UK benchmark looks vulnerable, currently testing 50-day MA By Tricia Wright LONDON, Feb 13 (Reuters) – Britain’s top share index fell on Thursday after six straight days of Read More

LONDON (ShareCast) – Rolls-Royce‘s shares tumbled after the group said it expects flat 2014 revenue and profit due to cuts in government defence spending. The world’s second-largest maker of aircraft engines revealed an estimated 15-20 per cent slump in defence revenue would hinder results this year as it reported its full-year 2013 earnings. Sector peers Read More

By Tricia Wright LONDON (Reuters) – FTSE fell on Thursday to end its longest winning streak of the year, led down by food ingredients firm Tate & Lyle and engineer Rolls Royce, which gave disappointing outlooks. Tate & Lyle was the top faller in percentage terms, down 14.9 percent after it scaled back its full-year Read More

LONDON (ShareCast) – 1630: Close The FTSE closed marginally higher today, helped by a strong performance from the mining sector on the back of positive broker comment. Tullow Oil (LSE: TLW.L – news) limited the gains, leading the downside after posting a profit decline for 2013. In today’s macro news, the BoE (Shenzhen: 000725.SZ – Read More

* FTSE 100 up 2.37 points, best close since January 23 * Miners bolstered by robust Chinese trade data * Technical analysts upbeat on near-term FTSE outlook By Tricia Wright LONDON, Feb 12 (Reuters) – Britain’s top share index reached a three-week closing high on Wednesday, buoyed by miners, after top metals consumer China reported Read More

By Tricia Wright LONDON (Reuters) – FTSE rose for a sixth straight session on Wednesday, boosted by miners, after the top metals consumer, China, reported robust trade data. Miners, which fell sharply in 2013, are staging a recovery after a sector-wide drive to offset falling metals demand with cuts in spending. They got a boost Read More

LONDON (ShareCast) – 1630:Close It was a strong finish for the FTSE today after Fresnillo (Other OTC: FNLPF – news) leapt following news of a positive court decision and Babcock cheered with a strong Q3. Strong non-food retail data also helped to drive the index higher. On the downside, supermarkets slumped on the back of Read More

* U.S. joint venture exit to return billions to UK market * Citi estimates minimum $ 8 bln to return to UK by end-Feb * FTSE 100 could get a 2-3 pct boost, buck 2014 lag * Vodafone may fall if funds hold too much vs index weight By Simon Jessop and Sudip Kar-Gupta LONDON, Read More

By Sudip Kar-Gupta LONDON (Reuters) – FTSE rose for a fifth straight session on Tuesday, boosted by retailers which were up strongly on industry data that provided more evidence the UK’s economic recovery is slowly gathering momentum. The blue-chip FTSE 100 index closed up by 1.2 percent, or 81.11 points, at 6,672.66 points – marking Read More