Tag: Barclays
FTSE 100 gained 0.4% or 22.0 points to 5,718.1
by Greg Secker on Mar.21, 2011, under Greg's Blogs
UK Report 21st March 2011
UK markets closed higher on Friday, as intervention by G7 countries to stabilise the yen, and reports that Libya called a cease-fire, boosted market sentiments. Utility stocks, National Grid, Scottish & Southern Energy and Centrica, climbed between 3.2% and 4.4%, after UK power regulator Ofgem announced a new framework of price controls and incentives for gas and electricity distribution. Travel stocks, TUI Travel and International Consolidated Airlines, gained 3.4% and 0.3%, respectively, as crude oil prices eased. Miners, Anglo American, Kazakhmys and Vedanta Resources, added between 0.1% and 1.5%, on the back of steady base metal prices, while precious metal miners, Fresnillo, African Barrick Gold and Lonmin, advanced between 0.1% and 1.6%, as silver, gold and platinum prices rose. FTSE 100 gained 0.4% to 5,718.1. FTSE 250 added 1.0% to 11,345.8.
FTSE 100 sank 1.7% or 97.1 points to 5,598.2.
by Greg Secker on Mar.18, 2011, under Greg's Blogs
UK Report 17th March 2011
UK markets closed lower yesterday, with the FTSE 100 index declining for the sixth consecutive session, led by a selloff in banks, insurers and miners, as the nuclear crisis in Japan intensified. Banks, HSBC, Barclays and Lloyds Banking Group, lost between 1.5% and 3.6%, as risk appetite decreased among investors. The sector was also weighed down by a downgrade of Portugal’s credit rating by Moody’s Investors Service. Insurers, Standard Life, Prudential and Legal & General Group, paced declines, in line with the broader market. Miners, Anglo American, Xstrata and Kazakhmys, declined between 0.9% and 2.5%, despite a rise in base metal prices. Airline stocks, International Consolidated Airlines and EasyJet, dropped 3.5% and 1.5%, respectively, on the back of higher oil prices and rising concerns about the nuclear crisis in Japan. FTSE 100 sank 1.7% or 97.1 points to 5,598.2. FTSE 250 fell 1.1% or 118.1 points to 11,033.1.
FTSE 100 dropped 1.6% or 92.0 points to 5,845.3.
by Greg Secker on Mar.14, 2011, under Greg's Blogs
UK Report 11th March 2011
UK markets closed lower yesterday, as weak economic data from China and US, disappointing earnings updates and a downgrade for Spanish debt, dampened investor sentiments. Miners, Vedanta Resources, Kazakhmys and Xstrata, dropped between 2.3% and 4.5%, tracking lower base metal prices. Precious metal miners, Fresnillo, Lonmin and Randgold resources, paced declines, after silver, platinum and gold prices fell. The mining sector was also weighed down, after China reported an unexpected trade deficit of $7.3 billion. Banks, Royal Bank of Scotland, Barclays and HSBC, lost between 0.9% and 2.3%, as risk appetite decreased among investors. Among other stocks, Standard Life and Aggreko, paced declines, following their earnings updates, while ARM Holdings plunged 9.0%, after JPMorgan Chase stated that the company is at risk from falling tablet-computer sales. FTSE 100 dropped 1.6% or 92.0 points to 5,845.3. FTSE 250 fell 1.8% or 214.6 points to 11,515.6.
At 0400 GMT today, the GBP is trading 0.1% lower against the USD at $1.6181, 0.1% higher against the EUR at €1.1661 and 0.1% lower against the JPY at ¥134.09.
by Greg Secker on Mar.10, 2011, under Greg's Blogs
UK Report 10th March 2011
UK markets closed lower yesterday, as Brent crude oil prices surged above $115 per barrel, after violence in Libya intensified, raising concerns over the pace of global economic recovery. Miners, BHP Billiton, Kazakhmys and ENRC, lost between 0.7% and 2.5%, in line with a fall in base metal prices. Oil producers also paced declines, with Tullow Oil, down 3.2%, after the company reported earnings updates that missed market expectations. Banks, Standard Chartered, Barclays and Lloyds Banking Group, dropped between 0.2% and 2.7%, as risk aversion increased among investors. Among other stocks, British American Tobacco and Hammerson fell 2.8% and 1.3%, respectively, after going ex-dividend. FTSE 100 dropped 0.6% or 37.5 points to 5,937.3. FTSE 250 fell 0.1% or 13.3 points to 11,730.2.
FTSE 100 dropped 0.3% or 16.6 points to 5,973.8
by Greg Secker on Mar.08, 2011, under Greg's Blogs
UK Report 8th March 2011
UK markets closed mixed yesterday, as gains in oil producers were offset by losses in miners and banks. Oil producers, BP, Cairn Energy and BG Group, gained between 0.3% and 0.7%, tracking higher crude oil prices. Oil stocks also advanced, as various brokers took a positive stance on the sector. Intertek climbed 5.0%, on upbeat earnings update, and after it stated that it had acquired Moody International Ltd, while Burberry rose 3.6%, as its French peer LVMH launched a €3.7 billion bid for Italy’s Bulgari. However, miners, Vedanta Resources, Kazakhmys and Xstrata, lost between 0.7% and 3.6%, as base metal prices fell. Among banks, Lloyds Banking Group, Barclays and Royal Bank of Scotland, paced declines, as risk aversion increased among investors, following intensified violence in Libya. FTSE 100 dropped 0.3% or 16.6 points to 5,973.8. FTSE 250 gained 0.2% or 24.9 points to 11,747.9.
