Mining giants fuel FTSE 100 bounce back
The rebound on London’s top flight index picked up pace as a rally in the mining sector helped it build on recent gains.
FTSE 100
FTSE 100 index rallies thanks to rising oil price
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.
FTSE 100 opens lower as US federal reserve warns of ‘uncertain’ global growth
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”.
FTSE slumps below 6,000 amid China woes and plunging oil
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.
City nerves take a bashing after oil price fall
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 ejected from FTSE 100
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.
Stronger oil stocks boost FTSE 100
Stronger oil and mining stocks ensured the London market maintained its lofty position today, despite jitters over the outcome of Greece debt talks. The country’s finance minister Yanis Varoufakis says he remains hopeful of a bailout deal, even though there have been few signs of progress in the discussions with EU finance ministers. The Athens stock exchange fell by 5% and the FTSE 100 Index dropped 22 points at one stage before recovering to stand 14.2 points higher at 6871.8.
FTSE 100 surges after BP results
Oil giant BP helped the FTSE 100 Index rally by more than 1% today after its results for the final quarter of 2014 came in ahead of City expectations. Lower oil prices meant BP’s replacement cost profit for the quarter was down to 2.24 billion US dollars (£1.49 billion), or a loss of 969 million US dollars (£645 million) when including exceptional items. The performance was at the top end of expectations and with BP also maintaining its dividend, shares surged by more than 3% or 15.7p to 453.2p.
FTSE 100 slide after oil hits five year low
Commodity-based stocks were lower - causing the top flight index to slump by 38.6 points to 6595 - after the price of Brent crude oil dived to a five-and-a-half year low of near to 57 US dollars a barrel. The latest fall in the price of oil was accompanied by fears over the eurozone outlook after Greece was forced to announce early national elections due to the failure of the country’s politicians to elect a new president.
FTSE 100 lower as fall-out from decreasing oil prices continues
A volatile session saw the FTSE 100 Index fluctuate between positive and negative territory today as the fall-out from falling oil prices continued. Brent crude dipped below 60 US dollars a barrel for the first time since 2009, meaning the energy industry benchmark is now down by about 50% since the summer amid concerns about weakening demand and oversupply. The slump has been worst felt in Russia, where a sudden hike in interest rates from 10.5% to 17% overnight failed to prevent a fresh decline in the value of the rouble, which stood at a new record low.