Tag Archives: FTSE

FTSE slips further from record, mid caps hit two-week low

UK shares drifted further on Tuesday from last week’s record high, weighed down by weakness among mining stocks and ConvaTec (CTEC.L), while British mid caps .FTMC were also under pressure ahead of Thursday’s general election. The blue chip FTSE 100 .FTSE inched 0.1 percent lower to 7,517.73 points by 0924 GMT, while the more domestically-exposed mid cap index… Read More »

FTSE flirts with record as sterling boosts; Inmarsat rises

Britain’s major share index climbed on Thursday, flirting with its record high level as a weaker sterling gave large multinationals a leg up, while Inmarsat rose on merger speculation. The FTSE 100 .FTSE was up 0.4 percent by 0900 GMT, with consumer staples and industrials stocks providing the top boosts to send it hovering near its highest intra-day… Read More »

FTSE heads back toward record, banks a drag on European stocks

Strength in bluechip exporters helped the UK’s benchmark index inch back towards an all-time high on Thursday and outperform broader European markets where weakness in banks weighed. Euro zone stocks rose 0.2 percent. The FTSE 100, meanwhile, was up 0.5 percent, just shy of a record high it hit in the previous session. UK-listed multi-national firms, which dominate… Read More »

FTSE extends winning run as stronger metals boost mining stocks

UK shares rose on Monday, underpinned by a rally in mining stocks on the back of firmer metals prices, building on the previous session’s three-week high and on course to post its fifth straight day of gains. The blue-chip FTSE 100 index .FTSE was up 0.1 percent at 7,262.78 points by 0955 GMT. Mining stocks .FTNMX1770 gained 1.6… Read More »

Falls in Smith & Nephew, miners weigh on FTSE

Britain’s top share index steadied on Thursday as falls among mining stocks weighed, while Smith & Nephew dropped after posting disappointing results. The blue chip FTSE 100 index was up 0.1 percent at 7,192.70 points by 1028 GMT, underperforming the broader European market. Artificial hip and knee maker Smith & Nephew booked a 7 percent drop in full-year… Read More »

FTSE boosted by rising miners, Burberry falls

British stocks climbed on Tuesday, rebounding from a fall in the previous session as rising mining companies helped outweigh a sharp drop in Burberry’s shares. The blue chip FTSE 100 index was up 1 percent at 7,018.99 points by 0904 GMT, in line with a broader rally among continental European indexes. Luxury goods maker Burberry, however, slumped 8.5… Read More »

Donald Trump presidency fears wipe £22bn off FTSE 100

More than £22 billion was wiped off the FTSE 100 on Monday morning as the index was dragged down by supermarket stocks and renewed fears of a Trump presidency ahead of the first US presidential debate. The UK’s premier market fell more than 83 points or 1.2 per cent to around 6826, with only a handful of stocks in positive territory.… Read More »

May approves Hinkley Point nuclear plant, sets tighter controls

Britain gave the go-ahead for a $24 billion (£18.1 billion) nuclear power plant on Thursday, ending weeks of uncertainty that strained ties with China and France but also signalling a more cautious approach to foreign investment in critical infrastructure projects. Prime Minister Theresa May’s government said it would proceed with the Hinkley Point C project in southwest England,… Read More »

FTSE steadies as Next slump offsets Morrison rally

Britain’s top equity index steadied near a one-month low on Thursday, with a slump in Next (NXT.L) following poor results offsetting a strong rally in Morrisons (MRW.L) after a rise in its first-half profit for the first time in four years. The blue-chip FTSE 100 index .FTSE was up 0.06 percent at 6,677.55 points after falling to 6,654.82,… Read More »

FTSE ends slightly higher, miners lead

Britain’s top shares index closed slightly higher on Wednesday, breaking a three-day losing run, as firmer mining stocks enabled the market to recover some ground. The blue-chip FTSE 100 index finished 0.12 percent firmer, near a one-month low but still up around 7 percent since the start of 2016. Miners were the best performers, with the UK mining… Read More »