Oil stocks continue rise on stock exchange
The Footsie climbed, as Sky said that James Murdoch will return to the broadcaster as chairman, almost four years after his resignation in the wake of the phone-hacking scandal.
FTSE
Oil prices continue to make gains on FTSE
Oil prices continued to make gains, signalling brighter prospects for world trade. Brent Crude rose more than half a US dollar to stand at over $35 a barrel.
FTSE rally continues
UK stocks are up for the third time in four days, erasing an earlier drop after commodity and energy producers climbed with oil prices.
London stocks down amid worry over weak world growth
European stock markets opened lower following steep overnight losses in Asia, amid concerns over sliding oil prices and slowing world growth. In London, the FTSE 100 Index fell just under 1%, or 52.3 points to 5826.2, after China’s Shanghai Composite tumbled more than 6% as traders also worried over easing growth in the world’s second largest economy.
Oil and banking stocks drag FTSE down
The London market fell as oil prices tumbled and banking stocks lost ground due to fresh concerns over regulatory fines. The FTSE 100 Index closed down 23 points at 5877 after Brent crude fell by more than a dollar to 30.86 US dollars amid calls from oil cartel Opec for the need for broad co-operation to help prices rise.
FTSE creeps higher as oil prices tumble
The Footsie struggled for direction as oil started the week with a fall in prices. The FTSE 100 Index rose 2.7 points to 5902.3, after Brent Crude tumbled by almost a dollar to $31.34.
Markets continue revival as oil prices rise
Markets were up strongly for the second day in a row, as oil prices rose at the end of a turbulent week. The FTSE 100 Index was up 140.5 points to 5914.5, following positive overnight trading in Asian markets.
FTSE opens higher at end of turbulent week
The London market opened sharply higher this morning, building on strong gains in the previous session after a turbulent week. The FTSE 100 Index was up 102.1 points to 5875.3, following positive overnight trading in Asian markets and a rise in oil prices.
Markets tumble amid sliding oil prices
Markets tumbled on opening this morning as traders reacted to sliding oil prices, and as Royal Dutch Shell said its earnings are expected to more than halve for 2015. The FTSE 100 Index fell 3%, or 175.2 points, to 5699.5 after the price of Brent Crude fell below $27.50 before staging a slight recovery.
FTSE 100 index falls as oil price slumps
The Footsie closed down as falling oil prices kept global markets under pressure, but Tesco shares surged after it revealed better-than-expected Christmas trading.
Oil price turbulence behind another dip in trading
The troubled start to the new year continued as global markets tumbled amid oil prices slumping to new 11-year lows. London’s FTSE 100 Index fell 63.9, points to 6073.4, with indices across Europe also sharply lower as Brent crude dropped below 35 US dollars a barrel.
FTSE dives amid China worries and North Korea H-Bomb test fears
The dismal start to trading in the new year showed no sign of abating as global markets tumbled after oil prices slumped to fresh 11-year lows. London’s FTSE 100 Index dived 1.6% into the red, down 95 points at 6042.2, with indices across Europe also sharply lower as Brent crude dropped below 35 US dollars a barrel at one stage. Sentiment had already been impacted by amid renewed worries over China after a poor report on the country’s services sector, while investors were also unnerved after North Korea claimed to have successfully carried out a hydrogen bomb test - its fourth since 2006.
Rocky start to New Year for FTSE after China trading suspended
The Footsie plunged on the first day of New Year trading, weighed by tumbling markets in China and weak UK manufacturing data.
FTSE down as low Brent crude prices persist
The London market opened on the back foot on the final day of the year, as oil prices loitered close to 11-year lows.
FTSE drifts lower as IMF boss warns of ‘disappointing’ global growth in 2016
The London market drifted downwards, after warnings from the head of the International Monetary Fund (IMF) that global growth next year would be “disappointing and uneven”. IMF managing director Christine Lagarde said the prospect of further interest rate hikes in the US and an economic slowdown in China contributed to uncertainty and helped slow worldwide growth. The FTSE 100 Index fell 32.3 points to 6281.2, amid thin trading and little corporate or economic news following the Christmas break.
FTSE 100 falls more than 30 points as oil drops below $40
The FTSE 100 Index fell 34.5 points to 6054, heading for its seventh day of losses and closing in on a three-month low. Sports Direct International was one of the biggest fallers in the top flight, slumping 16p to 576.5p, in a week that has also seen the firm mired in controversy surrounding its treatment of staff.
Oil groups suffer further losses on FTSE as oil price dips to seven year low
London’s blue chip share index remained in negative territory as details of a radical restructuring at mining giant Anglo American compounded falls in the under-pressure commodities sector. Anglo saw its shares fall 10% to a new record low after it suspended its dividend for the first time in eight years and unveiled a major overhaul - including another 67,000 job losses next year.
FTSE 100 closes up despite Paris attacks
The London market has closed higher despite seeing travel firms slump as a result of the Paris terror attacks. The FTSE 100 Index was up 28.1 points to 6146.4, led by housebuilder Taylor Wimpey as it reported a record order book. UK and European markets had been knocked by around 1% in the first hour of trading, but later recovered with Germany’s DAX flat and France’s Cac 40 down slightly.
FTSE 100 slump continues as oil and metal prices stay steady
The London market has continued its slump, following on from sharp falls in the previous session. The FTSE 100 Index was down 68.5 points at 6110.1 after tumbling more than 100 points yesterday weighed by engine-maker Rolls-Royce and mining stocks. London was also lower after markets in New York and Asia fell sharply overnight.
BG Group shares fall 2.5p on third quarter results
Taxpayer-backed Royal Bank of Scotland (RBS) was a heavy faller in the London market after revealing a sharp fall in third-quarter pre-tax profit. The lender said its pre-tax profit before one-time items and restructuring costs came in at £842 million for the quarter, compared to £2.05 billion a year earlier. The FTSE 100 Index opened 15.8 points down at 6379.8, following a fall of more than 40 points in the previous session.
BP continues strong stock performance on third quarter results
Oil giant BP reported a 40% drop in quarterly earnings after it was impacted by low crude prices, but still came in ahead of analysts’ forecasts. The firm’s underlying replacement cost profit for the third quarter was 1.819 billion US dollars (£1.185 billion), compared with 3.037 billion US dollars (£1.979 million) a year ago. However, the FTSE 100 Index was down 17.4 points to 6400.1, led lower by miners and uncertain prospects for global trade.
Shares in BP boosted by third quarter results
Shares in the oil giant edged up 1.7% in early trading on the back of the better-than-expected results. Hargreaves Lansdown equities head Richard Hunter said, although the firm clearly faced many challenges, the long-term outlook remained positive. “There are some signs that BP is successfully negotiating spinning the many plates required in the current environment,” he said.
BP’s downstream boosts upstream losses
Oil major BP’s profits in the third quarter of the year have dropped by 40%. The company, which announced its third quarter results today, said its underlying profits came in at $1.8billion compared with more than $3billion a year ago. The lower results, BP said, were primarily due to the effect of lower oil and gas prices. In its downstream business the operator continued to see a strong performance which saw an increase in profit from $1.5billion last year to $2.3billion.
FTSE opens lower due to lower oil and mining stocks
The London market opened lower this morning dragged lower by oil and mining stocks. The FTSE 100 Index was 20.1 points down at 6424.9, as investors cheer over economic news from China and the European Union at the end of last week faded. On Friday stocks rose after China cut its key interest rate for the sixth time this year, falling by 0.25% to 4.35%, in the hope this will spur growth as the country tries to reduce its reliance on construction and heavy industry.
Chinese stocks take tumble as oil stocks rebound
Chinese stocks have tumbled again after their biggest decline in eight years while most other Asian markets rebounded from a day of heavy losses. The mixed picture comes after a tumultuous day on Wall Street, where the Dow Jones industrial average ended down 3.6% after trimming much bigger losses. European markets were also hit badly. Analysts said it was unclear whether this was a sign the worst was over, or a reprieve in a longer-term bear market.