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Amec among the bigger fallers in the City
The FTSE 100 Index slid by 1.5% today – its third day of losses – as figures showed the world’s largest economy created far fewer jobs than expected in March.
London’s main market ended down 94.3 points at 6,249.8 after US employers added workers at the slowest rate in nine months.
Market falls were echoed in Europe, with the Cac 40 in Paris off by 1.7% and the Dax in Frankfurt down 2%.
London’s main market ended down 94.3 points at 6,249.8 after US employers added workers at the slowest rate in nine months.
Market falls were echoed in Europe, with the Cac 40 in Paris off by 1.7% and the Dax in Frankfurt down 2%.
05/04/2013
Wood Group among the Footsie’s top risers
The FTSE 100 Index slumped into the red today after weak economic data in the UK and US.
Figures showing a fifth consecutive month of shrinking output from Britain’s construction sector and disappointing job and other negative economic data from America helped to send blue-chip stocks crashing 70.4 points to 6,420.3.
Shares in Vodafone fell more than 3%, or 4.5p to 186.15p after Verizon denied that it and fellow US group AT&T were working on a £161billion takeover.
Figures showing a fifth consecutive month of shrinking output from Britain’s construction sector and disappointing job and other negative economic data from America helped to send blue-chip stocks crashing 70.4 points to 6,420.3.
Shares in Vodafone fell more than 3%, or 4.5p to 186.15p after Verizon denied that it and fellow US group AT&T were working on a £161billion takeover.
03/04/2013
Nearly 5% knocked off Faroe Petroleum shares
The FTSE 100 Index closed up 78.9 points at 6,490.7 today, a gain of more than 1%, having notched up its 10th month in a row of gains in March as it remained resilient in the face of recent fears over Cyprus.
Blue-chip firms continued to shake off concerns about the eurozone’s battered economy, with markets worldwide also enjoying a robust start to the second quarter.
Speculation over a potential £161billion bid for Vodafone helped propel the mobile phone giant higher in buoyant City trading.
Blue-chip firms continued to shake off concerns about the eurozone’s battered economy, with markets worldwide also enjoying a robust start to the second quarter.
Speculation over a potential £161billion bid for Vodafone helped propel the mobile phone giant higher in buoyant City trading.
02/04/2013
Weir Group among biggest Footsie risers
Banking shares were in sharp focus today after policymakers ordered them to hold an extra £25billion to act as a cushion against future financial shocks.
The capital shortfall was lower than expected in the City, but there were mixed fortunes for state-owned lenders Royal Bank of Scotland and Lloyds Banking Group following the report from the Bank of England’s Financial Policy Committee (FPC).
The wider FTSE 100 Index narrowed earlier losses, but remained in the red with a fall of 11.8 points to 6,387.6.
The capital shortfall was lower than expected in the City, but there were mixed fortunes for state-owned lenders Royal Bank of Scotland and Lloyds Banking Group following the report from the Bank of England’s Financial Policy Committee (FPC).
The wider FTSE 100 Index narrowed earlier losses, but remained in the red with a fall of 11.8 points to 6,387.6.
27/03/2013
BP among Footsie risers, Petrofac fall
Hopes of an imminent bailout deal for debt-laden Cyprus steadied losses on world markets today as the country said it was just hours away from agreeing a solution.
London’s FTSE 100 Index closed 4.2 points higher at 6,392.8, while the Dax in Germany and the Cac 40 in France both regained their poise after hefty losses on Thursday.
BP also helped prop up the London market as it rose 2% or 8.3p to 457.7p after it said it would return £5.3billion to shareholders.
London’s FTSE 100 Index closed 4.2 points higher at 6,392.8, while the Dax in Germany and the Cac 40 in France both regained their poise after hefty losses on Thursday.
BP also helped prop up the London market as it rose 2% or 8.3p to 457.7p after it said it would return £5.3billion to shareholders.
22/03/2013
Premier Oil shares among risers, Parkmead fall
World markets suffered another day of losses today amid the escalating crisis in Cyprus.
The FTSE 100 Index fell for the fifth straight session, closing 44.2 points lower at 6,388.6 after the European Central Bank gave Cyprus until Monday to find a solution to avoid bankruptcy.
Shares in fashion chain Next were at the top of a shortened risers board after it posted a 9% rise in full-year profits to £622million. Shares were up by 167p to £43.14, a gain of 4%.
The FTSE 100 Index fell for the fifth straight session, closing 44.2 points lower at 6,388.6 after the European Central Bank gave Cyprus until Monday to find a solution to avoid bankruptcy.
Shares in fashion chain Next were at the top of a shortened risers board after it posted a 9% rise in full-year profits to £622million. Shares were up by 167p to £43.14, a gain of 4%.
21/03/2013
Weir Group among biggest Footsie fallers
Eurozone fears kept London’s FTSE 100 Index in the red today as worries over the bailout vote in debt-laden Cyprus put world markets under pressure.
The FTSE 100 finished 16.6 points lower at 6,441.3, although it avoided the hefty losses seen elsewhere across Europe.
Big losses for mining stocks added to the subdued mood of investors, reflecting uncertain global growth prospects.
The FTSE 100 finished 16.6 points lower at 6,441.3, although it avoided the hefty losses seen elsewhere across Europe.
Big losses for mining stocks added to the subdued mood of investors, reflecting uncertain global growth prospects.
19/03/2013
Plexus shares rise, Xcite and Parkmead down
The FTSE 100 Index weathered the latest eurozone storm today after plans for a levy on bank deposits in Cyprus had earlier threatened to derail markets.
City analysts were shocked by Europe’s bailout proposal for Cyprus, which they warned could spark an exodus of capital from other fragile economies and jeopardise the region’s recent tentative recovery.
With Cypriot politicians not due to vote on the proposal until tomorrow evening however, the FTSE 100 Index recovered to close 0.5% or 31.7 points lower at 6,457.9.
City analysts were shocked by Europe’s bailout proposal for Cyprus, which they warned could spark an exodus of capital from other fragile economies and jeopardise the region’s recent tentative recovery.
With Cypriot politicians not due to vote on the proposal until tomorrow evening however, the FTSE 100 Index recovered to close 0.5% or 31.7 points lower at 6,457.9.
18/03/2013
‘Record-breaking year’ for Atlantic
Oil and gas operator Atlantic Petroleum said yesterday it had enjoyed a record-breaking year, with both profits and turnover rising.
Faroe-based Atlantic, which has interests in UK North Sea assets, said turnover increased by 37% to £69million last year, while operating profits hit a record high of £28.6million; nearly double the £14.6million it recorded in 2011.
Pre-tax profits were up by nearly 80% to £26.4million.
Faroe-based Atlantic, which has interests in UK North Sea assets, said turnover increased by 37% to £69million last year, while operating profits hit a record high of £28.6million; nearly double the £14.6million it recorded in 2011.
Pre-tax profits were up by nearly 80% to £26.4million.
16/03/2013
