Tag: Oil
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 gained 0.9% or 51.1 points to 5,990.0
by Greg Secker on Jun.01, 2011, under Greg's Blogs
UK Report 1st June 2011
UK Market Snapshot
UK markets closed higher yesterday, with the FTSE 100 index rising for the fifth consecutive session and witnessing its longest winning streak in two months, as investors hoped that Greece would receive more aid with approval from the European officials. Oil producers, Royal Dutch Shell, BP and Tullow Oil, gained between 1.4% and 2.7%, as oil prices inched closer to $103 per barrel. Realty oriented stocks, Hammerson and Taylor Wimpey, paced gains, as Knight Frank LLP stated that luxury homes in central London rose 1.4% in May from the previous month. Upbeat broker comments lifted shares of Experian and Admiral Group, while acquisition of a company and divestment of some assets benefited Serco Group and Wolseley respectively. FTSE 100 gained 0.9% to 5,990.0. FTSE 250 added 0.9% to 12,060.8.
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
FTSE 100 jumped 2.1% or 125.4 points to 6,022.3
by Greg Secker on Apr.21, 2011, under Greg's Blogs
UK Report 21st April 2011
UK markets closed higher yesterday, buoyed by better-than-expected corporate earnings and higher commodity prices. Miners, Antofagasta, Anglo American and Kazakhmys, gained between 3.3% and 5.5%, as base metal prices rallied. Oil producers, Royal Dutch Shell, Tullow Oil and BP, added between 3.0% and 4.1%, as oil prices settled at their highest level in nearly two weeks. Upbeat results from US peer, Intel, benefited shares of ARM Holdings, while household-products firm, Reckitt Benckiser, rose 3.9%, after the company posted earnings which managed to exceed market expectations, helped by growth in emerging markets. Shares of Xstrata and HSBC Holdings paced gains, following positive broker review.
FTSE 100 jumped 2.1% or 125.4 points to 6,022.3. FTSE 250 rallied 1.6% or 181.7 points to 11,756.2.
