Archive for July, 2011
FTSE 100 dropped 1.6% or 90.9 points to 5,752.8.
by Greg Secker on Jul.20, 2011, under Greg's Blogs
UK Report 19th July 2011
UK Market Snapshot
UK markets closed lower yesterday, with the FTSE 100 index declining for the third consecutive session, as lingering worries over Eurozone and US debt crisis dampened market sentiments. Banks, Lloyds Banking Group, Royal Bank of Scotland and Standard Chartered, dipped between 0.8% and 7.5%, as Friday’s stress tests failed to calm concerns that European banks have insufficient loss-absorbing funds. Insurers, Resolution, Prudential and RSA Insurance, also paced declines, along with a fall in equity markets. Miners, Vedanta Resources, Kazakhmys and Antofagasta, lost between 1.2% and 2.7%, tracking lower base metal prices. Oil producers, Cairn Energy, Tullow Oil and BP, declined between 0.7% and 4.1%, as crude oil prices slipped. FTSE 100 dropped 1.6% to 5,752.8. FTSE 250 fell 1.9% to 11,527.8.
FTSE 100 dropped 1.1% or 64.0 points to close at 5,990.6
by Greg Secker on Jul.11, 2011, under Greg's Blogs
UK Report 11th July 2011
UK Market Snapshot
UK markets closed lower on Friday, with the FTSE 100 index closing below the psychologically important level of 6,000, after the US economy added fewer jobs in June than market expectations, raising concerns over the pace of the economic recovery. Miners, Antofagasta, Kazakhmys and Rio Tinto, dropped between 2.0% and 4.5%, in line with a fall in base metal prices. Oil producers, Essar Energy, BG Group and Royal Dutch Shell – B, lost between 0.6% and 4.0%, as crude oil prices slipped. Banks, Lloyds Banking Group, Royal Bank of Scotland and HSBC, declined between 1.0% and 3.5%, as risk appetite decreased among investors. Among other stocks, British Sky Broadcasting dipped 7.6%, after the UK government indicated that it would not give quick approval to News Corp’s takeover bid. FTSE 100 dropped 1.1% or 64.0 points to 5,990.6. FTSE 250 fell 0.8% or 93.6 points to 12,074.3.
