London’s premier index delivered its longest ever record closing streak thanks to more lacklustre trading from the Brexit-hit pound.
Sterling moved erratically and the FTSE 100 remained in negative territory following inflation figures showing consumer prices dodging the effects of a weaker pound in August.
The London market pushed higher as investors braced themselves for the Bank of England’s next move on interest rates.
Despite global markets descending into chaos after Britain’s vote to leave the European Union, the FTSE 100 Index has clawed back all of its post-Brexit losses.
The historical vote by the UK to leave the European Union has seen a mixed reaction from the energy industry.
The London market slipped into the red as investors remained focused on the timing of the next interest rate hike by the US Federal Reserve.
Shares in Marks & Spencer have nosedived after it warned that efforts to shore up its clothing arm would hit profits.
The London market slipped back into the red as volatile oil prices put global stocks under pressure.
The FTSE 100 Index has slipped back after hitting four-month highs on Tuesday as falling oil prices once more weighed on the London market.
The London market opened on the back foot, following Chinese data that pointed to a continuing slowdown of global growth.
The London market opened on the front foot as higher oil prices boosted commodity stocks.
The London market has rallied back after commodity stocks lifted on fresh hopes that a cut to oil production could be around the corner.
Markets surged higher across Europe after US Federal Reserve boss Janet Yellen soothed fears over imminent interest rate hikes.
Top flight shares fell in early afternoon trading, as heavyweight miners weighed on the London market.
Oil stocks have helped London’s top flight index rise to a four-week high as the oil price rose to $35 dollars a barrel.
London’s top flight index bounced back from recent sharp falls as Lloyds sweetened investors by revealing a special £2 billion dividend.
London’s top flight index made modest gains after slumping into the red in the previous session.
London’s top flight index stumbled back into the red as it struggled to build on recent gains despite a strong boost from Centrica and BAE Systems.
Glencore chief executive Ivan Glasenberg won a vote of confidence from lenders that he can steer the mining company through a dismal market and restore it to financial stability.
The rebound on London’s top flight index picked up pace as a rally in the mining sector helped it build on recent gains.
London’s top flight index rallied, as the rising oil price helped the market bounce back from Thursday’s three-and-a-half year low. The FTSE 100 Index rose 1.7% or 97 points to 5634.6, as oil stocks rose sharply on the back of a near 5% growth in the price of Brent crude.
The London market opened sharply lower on Thursday morning after the head of the US central bank said the outlook for global economic growth had become “uncertain”.
London’s blue chip share index has tumbled deeper into the red amid a global stock market rout sparked off by woes in China and plunging oil prices.
The FTSE 100 Index saw its steepest one-day fall in five months today as the prospect of higher US interest rates and the latest drop in oil prices combined to send stocks tumbling. London’s top-flight saw £44billion wiped off its value as it fell 2.5%, or 173.6 points, to 6,702.8 - the heaviest percentage fall since October 15.
Tullow Oil, one of the largest independent oil explorers, has been ejected from the FTSE-100, the London Stock Exchange confirmed last night. The Africa-focused explorer slipped into the FTSE-250 index after losing more almost 55% of its value since the slump in global oil prices.