Tag: miners
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 rose 0.5% or 29.7 points to 5,803.1
by Greg Secker on Jun.16, 2011, under Greg's Blogs
UK Report 15th June 2011
UK markets closed higher yesterday, as positive broker reviews helped to increase risk appetite among investors. Shares of ITV rallied 4.4%, as Liberum Capital restated its “Buy” advice, citing the recent selloff as “overdone”, while Schroders jumped 3.9%, after HBSC Holdings upgraded the stock to “Overweight” from “Neutral”. Banks, Barclays, Lloyds Banking Group and Royal Bank of Scotland, added between 1.6% and 2.4%, as BofA Merrill Lynch deemed the valuation of the European banks to be at the cheapest level in 18 months. Miners, Rio Tinto, BHP Billiton and Kazakhmys, gained between 0.9% and 3.8%, as base metal prices edged up. Oil producers, Petrofac, Cairn Energy and BG Group, rose between 1.5% and 2.7%, as oil prices gained values. FTSE 100 rose 0.5% or 29.7 points to 5,803.1. FTSE 250 gained 0.7% or 82.0 points to 11,861.4.
FTSE 100 dropped 1.6% or 90.5 points to 5,765.8.
by Greg Secker on Jun.13, 2011, under Greg's Blogs
UK Report 13th June 2011
UK markets slid on Friday, with the FTSE 100 index witnessing its third consecutive weekly decline, as miners, oil producers and retailers recorded losses. Miners, BHP Billiton, Rio Tinto and Xstrata, fell between 1.9% and 2.3%, as base metal prices eased. Precious metal miners, Fresnillo, Lonmin and Randgold Resources, lost between 0.9% and 5.4%, as silver, platinum and gold prices fell. Oil producers, Petrofac, Tullow Oil and Cairn Energy, declined between 2.0% and 2.8%, as oil prices suffered a selloff. Home Retail Group, down 5.2%, led retailers lower, after the company warned of warning of very dismal electronics sales. Adding to the negative sentiment, UK manufacturing fell more-than-expected in April.
FTSE 100 dropped 1.5% or 90.5 points to 5,765.8. FTSE 250 eased 1.1% or 125.6 points to 11,786.0.
FTSE 100 rallied 1.1% or 62.5 points to close at 5,923.5
by Greg Secker on May.20, 2011, under Greg's Blogs
UK Report 19th May 2011
UK markets closed higher yesterday, as commodity and realty stocks recorded gains. Land Securities, up 6.4%, led the real estate sector higher, as its annual net income rose 14.0% to £1.24 billion and exceeded market expectations. Miners, Antofagasta, Vedanta Resources and BHP Billiton, added between 1.5% and 2.9%, as base metal prices managed to recover. Precious metal miners, Randgold Resources, Lonmin and Fresnillo also paced gains, in line with a rise in gold, platinum and silver prices. Oil producers Royal Dutch Shell and BP, gained values, as oil prices settled above $100 per barrel. Positive broker reviews benefited the shares of Cairn Energy and ENRC. FTSE 100 rallied 1.1% to 5,923.5. FTSE 250 climbed 0.4% to 11,887.5.
FTSEurofirst 300 index rose slightly to 1,157.0
by Greg Secker on May.03, 2011, under Greg's Blogs
UK Report 3rd May 2011
UK markets closed higher on Thursday, as miners, oil producers and insurers recorded gains. Miners, Anglo American, BHP Billiton and Kazakhmys, gained between 0.8% and 1.2%, as base metal prices edged up. Precious metal miners, Fresnillo and Randgold Resources also paced gains, as gold and silver prices continued their good run. Oil producers, Royal Dutch Shell, Cairn Energy and Petrofac, added between 0.3% and 0.6%, as crude-oil futures on Thursday edged to their highest settlement since September 2008. Standard Life, up 3.2%, led insurers higher, after the company made a good start to 2011. However, gains in the FTSE 100 index were almost pared, as below par corporate updates weighed on the shares of AstraZeneca, Unilever and Whitbread.
FTSE 100 rose marginally to 6,069.9. FTSE 250 climbed 1.0% or 118.9 points to 12,013.9
