FTSE News: FTSE 100, FTSE 250, and FTSE 400 investment news
FTSE market news from the London Stock Exchange: FTSE 100, FTSE 250, and FTSE 400

Latest FTSE News:

  • Miners gain, house builders see declines

  • Oil, miners higher in London

  • Telecoms, retailers see gains

  • Pharma lower in London

  • British Energy drops on nuclear plant delays

  • Home builders see gains in London

  • House builders, property developers down in London

  • Brewers higher on bids rumors

  • Oil sector, banks mixed in London

  • BP, Royal Dutch Shell gain on higher oil prices

  • FTSE news feed

    Recommended equities news sites

  • Eurofirst News
  • Tokyo Market News
  • NYSE News
  • Insurance: Car & Home
  • FTSE
  • London Stock Exchange
  •  

    October 16, 2007

    Oil sector, banks mixed in London

    Filed under: Companies, Northern Rock, BG Group, Royal Dutch Shell, BP, Tullow Oil, Antofagasta, Bradford & Bingley, Alliance & Leicester, Dana Petroleum, Johnson Matthey

    London’s markets were lower Tuesday.

    The FTSE 100 was down 0.45 percent to 6,614.3 while the FTSE 250 fell 0.64 percent to 11,366.2.

    The oil sector was mixed as crude oil prices climbed again.

    BG Group (LSE: BG; NYSE: BG) was up 2.12 percent to 914p, while BP (LSE: BP; NYSE: BP; TYO: 5051) was 0.72 percent higher to 627p.

    Royal Dutch Shell’s (LSE: RDSA, RDSB; NYSE: RDS.A, RDS.B) B shares added 1.27 percent to £20.81 and it’s A shares gained 1.46 percent to £20.86.

    But Tullow Oil (LSE: TLW; OTC: TUWLY) fell 0.24 percent to 624p and Dana Petroleum (LSE: DNX) was 1.86 percent lower to £12.63.

    Banks were mixed as well.

    Northern Rock (LSE: NRK) continued its roller-coaster ride, adding 3.35 percent to 223.5p, while Alliance & Leicester (LSE: AL) gained 2.79 percent to 775p, but they were the only gainers among big banks in the UK.

    Mortgage lender Bradford & Bingley (LSE: BB) dropped 3.14 percent on the session to 254.5p.

    Some miners were lower, with Antofagasta (LSE: ANTO) falling 2.81 percent to 829p.

    Johnson Matthey (LSE: JMAT), the biggest gainer on the 100 on Monday, fell 4.73 percent to £17.53 for the worst performance on the session.





    October 12, 2007

    Virgin Group rumored to be planning Northern Rock rescue

    Filed under: Companies, Northern Rock, BP, Dana Petroleum, Rank Group, Persimmon, Barratt Developments, Hunting, Taylor Wimpey, Moneysupermarket.com

    In London the FTSE 100 added 0.09 percent to 6,730.7, but the FTSE 250 dropped 0.4 percent to 11,576.3.

    Northern Rock moved back into the gainers column with the best day on the 100, adding 5.91 percent to 273.25p on the possibility that Virgin Group is looking at a rescue of the troubled bank.

    The oil sector was mixed on the session.

    Dana Petroleum (LSE: DNX) was 3.66 percent higher to £13.04 and BP (LSE: BP; NYSE: BP; TYO: 5051) was up 4.3 percent to 619p, but Hunting (LSE: HTG) dropped 3.58 percent to 755p.

    Online price comparison site Moneysupermarket.com (LSE: MONY) led the 250 with a gain of 4.8 percent to 191p.

    The biggest loser on the 250 was holding company Rank Group (LSE: RNK), which fell 21.38 percent to 125p on the session.

    House builders were still feeling the pain of Thursday’s new data showing that home prices fell again in September.

    Persimmon (LSE: PSN) was 2.69 percent lower to 976p, while Barratt Developments (LSE: BDEV) was down 3.19 percent to 699p and Taylor Wimpey (LSE: TW) dropped 3.27 percent to 281.25p.





    September 28, 2007

    Lonmin up 7.39 percent on platinum prices

    Filed under: Companies, PartyGaming, Kazakhmys, Antofagasta, Lonmin, London Stock Exchange, New Star Asset Management, Dana Petroleum, Tate & Lyle, Benfield Group, Collins Stewart

    Equities markets in London were lower in Friday trade.

    The FTSE 100 fell 0.3 percent to 6,466.8 while the FTSE 250 was 0.02 percent lower to 11,037.4.

    Miners were mixed.

    Lonmin (LSE: LMI) added 7.39 percent to £36.49 on a rise in platinum prices and on the possibility that Xstrata (LSE: XTA) might be interested in bidding.

    Gold miner Randgold (LSE: RRS; NAS: GOLD), meanwhile, was up 6.96 percent to £16.60.

    On the other hand Antofagasta (LSE: ANTO) was 3.54 percent lower to 762.5p, while Kazakhmys (LSE: KAZ) fell 3.44 percent to £14.05 after a downgrade from “buy” to “neutral” from UBS (NYSE: UBS; SWX: USBN; TYO: 8657).

    Food processor Tate & Lyle (LSE: TATE) was the biggest loser by far on the 100, plummeting 27.8 percent to 402.5p after it announced a “small” loss in the first half.

    Over on the 250, broker Collins Stewart (LSE: CLST) was the best performer, adding 7.59 percent to 205.5p.

    Other gainers on the 250 included reinsurer Benfield Group (LSE: BFD), which was up 7.41 percent to 290p.

    Dana Petroleum (LSE: DNX) gained 6.31 percent to £11.62.

    Asset managers New Star (LSE: NSAM) had the worst day on the 250 as it dropped 13.33 percent to 354p on statements from its chairman that it now faces a “challenging environment” after first half profits were up by 57 percent.

    Also lower were PartyGaming (LSE: PRTY) with a decline of 5.17 percent to 27.50p and the London Stock Exchange (LSE: LSE), which dropped 4.75 percent to £16.43.





    September 14, 2007

    Northern Rock in 31.46 percent decline

    Filed under: Companies, Paragon, Northern Rock, Burren Energy, Reckitt Benckiser, Bradford & Bingley, Alliance & Leicester, Dana Petroleum, JKX Oil & Gas, Bellway, Persimmon, Kingfisher, Barratt Developments, Reed Elsevier, Hochschild

    London’s equities markets saw declines on Friday.

    The FTSE 100 1.17 percent lower to 6,289.3 and the FTSE 250 falling 1.95 percent to 10,954.

    Northern Rock (LSE: NRK) had the worst performance by far on the 100, falling 31.46 percent to 438p after it had to ask the Bank of England for help after it could not find a place to borrow money from traditional sources and customers lined up outside branches of the bank to withdraw their money from accounts.

    The trouble extended to other banks, with Alliance & Leicester (LSE: AL) dropping 6.88 percent to 873p.

    Mortgage lenders were also hurt.

    Paragon (LSE: PAG) was down 16.76 percent to 298p for the worst day on the 250.

    It was followed by fellow mortgage lender Bradford & Bingley (LSE: BB), which was 7.7 percent lower to 329.75.

    Homebuilders were also lower on the day.

    Barratt Developments (LSE: BDEV) dropped 4.71 percent to 829p and Persimmon (LSE: PSN) was down 6.62 percent to £10.16 on the 250, while Bellway (LSE: BWY) fell 7.54 percent to £10.67 on the 100.

    Oil-related shares saw gains on the 250.

    Burren Energy (LSE: BUR) was up 1.79 percent to 853p, while Dana Petroleum (LSE: DNX) added 1.94 percent to £10 and JKX Oil & Gas (LSE: JKX) was 2.25 percent higher to 397.75p.

    Gold miner Hochschild (LSE: HOC) had the best day on the 250 as it gained 3.83 percent to 345.25p.

    Chemicals group Reckitt Benckiser (LSE: RB) was the best performer on the 100, adding 1.49 percent to £27.99.

    Publisher Reed Elsevier (LSE: REL; Euronext: REN; NYSE: ENL; NYSE: RUK) was 1.08 percent higher to 608p, and DIY retailer Kingfisher (LSE: KFG) closed at 196.6p, a gain of 0.2 percent.





    July 18, 2007

    Commodities-related stocks decline

    Filed under: Companies, Anglo American, Lonmin, Next, Dana Petroleum, Kelda, SAB Miller, Mitchells & Butlers, JJB Sports, Wetherspoon, UK Coal

    In London on Wednesday the FTSE 100 dropped 1.38 percent to 6,567.1, while the FTSE 250 was 0.64 percent lower to 11,726.

    The best performance on the day on the 100 came from water utility Kelda Group (LSE: KEL), which gained 2.13 percent to 889p after broker upgrades.

    Merrill Lynch (NYSE: MER; TYO: 8675) and Citigroup (NYSE: C) both upped their recommendations on the utility, with Citigroup raising its rating from “sell” to “hold”, while JP Morgan (NYSE: JPM; TYO: 8634) raised its target share price.

    Pubs operator Wetherspoon (LSE: JDW) had the best day on the 250, gaining 10.99 percent to 616p after it reported higher sales and said that it is on target to meet its forecasts.

    Still in the same sector, pubs operator Mitchells & Butlers (LSE: MAB) added 1.83 percent to 892p.

    In a related sector, brewer SABMiller (LSE: SAB) was 1.63 percent higher to £13.10.

    The worst performance on the 250 came from sports retailer JJB Sports (LSE: JJB), which dropped 7.52 percent to 233.75p.

    In the same sector, clothing retailer Next (LSE: NXT) fell 3.23 percent to £18.88 on the 100.

    The biggest loser on the 100 was miner Anglo American (LSE: AAL), down 3.85 percent to £31.

    Fellow miner Lonmin (LSE: LMI) was also lower as it fell 3.6 percent to £36.95.

    Other commodities-related groups also saw declines on the session.

    UK Coal (LSE: UKC) dropped 4.21 percent to 534.5p, while in the oil sector Dana Petroleum (LSE: DNX) fell 5 percent to £11.02.





    October 10, 2006

    UK assets managers see new gains

    Filed under: Companies, Tullow Oil, Schroders, Vodafone, Shire, Amvescap, Dana Petroleum, JKX Oil & Gas, Wolseley, Man Group, Premier Oil

    London equities markets were higher on Tuesday due to advances in a wide variety of sectors. The FTSE 100 added 0.7 percent to 6,072.7, while the FTSE 250 gained 0.9 percent to a new high of 10,244.5.

    Asset managers had a good day as Schroders added 4.2 percent to £10.04, Amvescap gained 5.3 percent to 629p, and Man Group was 8.2 percent higher to 478p. Amvescap benefited from the news that the funds under its management have gone up from $428.9 billion in August to $440 billion in September. The September figure was a full $2 billion higher than some estimates.

    In the telecommunications sector, Vodafone added 2.6 percent to 120¼p on an upgrade to “outperform” by Bernstein Research, which also set a target share price of 155p for the telecom company.

    The oil sector was higher on gains in exploration companies despite another drop in crude oil prices. Premier Oil advanced by 4.5 percent to £11.70, a record high. Dana Petroleum, rumored to be interested in Premier, added 6.4 percent to £12.62. Tullow Oil and JKX Oil & Gas were both 6.1 percent higher, to 391p and 290p respectively.

    Plumber and building materials company Wolseley added 3.9 percent to £12.11 on positive comments from JP Morgan concerning US homebuilders. Wolseley gains around 60 percent of its revenues from the US market every year.

    Among losers on the session, Shire dropped 4.6 percent to 961p as investors decided that its 15 percent advance on Monday was out of proportion to the news that the drug maker had gained approval for its hyperactivity drug, NRP 104, for use in the United States.





    July 13, 2006

    FTSE 100 lower on miners

    Filed under: Companies, BP, Standard Chartered, BHP Billiton, Lonmin, Emap, Tesco, National Grid, Dana Petroleum, Vedanta Resources, EMI, Premier Oil

    The equities markets in London took significant losses on Thursday as 2.9 billion shares changed hands during the day. The FTSE 100 fell 1.6 percent to 5,765 as miners fell substantially, while the media sector took the FTSE 250 2 percent lower to 9,176.2.

    In the mining sector, BHP Billiton was down 3.9 percent to £10.51, Lonmin dropped 4.4 percent to £27.77, and Vedanta Resources fell 5.2 percent to £13.36. The losses reflected investor reluctance to take any risks at the present time.

    On the other hand, oil exploration stocks rose with crude oil prices. Premier Oil added 0.8 percent to 957p, while Dana Petroleum gained 1.6 percent to £10.97.

    In the media sector, EMI dropped 9.2 percent to 277¾p on the news that a European court had overruled the European Union’s approval of a merger between Sony Music and BMG as investors worried that the ruling might affect the proposed EMI/Warner deal, Meanwhile, Emap fell 14.9 percent to 712p after issuing a negative trading statement.

    In the banking sector, Standard Chartered was down by 2.9 percent to £12.49 on concerns that it will need to raise $5 billion (£2.7 billion) if it wins the bidding for LG Card, the largest credit card issuer in South Korea. Analysts also pointed out that, with Standard Chartered’s purchase of Korea First Bank last year, the acquisition of LG Card would leave SC too heavily exposed to South Korea.

    Gains on the FTSE 100 were few and limited. Rising oil prices took BP up just 0.1 percent to 641p. National grid gained 0.3 percent to 590p, while Tesco added 0.9 percent to 335p.





    May 18, 2006

    FTSE 250 down 141.1 points on day

    Filed under: Companies, Cairn Energy, Kazakhmys, BT Group, Crest Nicholson, Dana Petroleum, SAB Miller, Taylor Woodrow, Bovis Homes Group, Persimmon, George Wimpey

    The London equities markets were lower on Thursday, with the FTSE 100 down 0.07 percent to 5,671.6 and the FTSE 250 dropping by a substantial 1.5 percent to 9,134.8. Trade was heavy at nearly 4 billion shares on the day. Homebuilders and the oil sector were both instrumental in the declines on both indexes.

    In the oil sector, Cairn Energy dropped 4.2 percent to £20.69. Among mid-caps, Dana Petroleum dropped 6 percent to 917½p. Also in stocks related to commodities, miner Kazakhmys was down 3 percent to £10.94.

    Among homebuilders, Persimmon dropped 4.4 percent to £11.48, while Taylor Woodrow lost 5.6 percent to 320½p and George Wimpey was down 4.3 percent to 436½p. Crest Nicholson dropped 3.2 percent to 320¼p and Bovis Homes was down 4.5 percent to 755p. A major factor in the sector’s declines was said to be reaction to the news that a member of the Bank of England’s monetary policy committee had voted to raise interest rates at the committee’s meeting this month.

    Telecom BT Group added 8 percent on the day to 226¼p on a positive quarterly earnings report and predications that there is more growth to come.

    Among losers, brewer SABMiller lost 3 percent £10.61 despite a strong full-year earnings report, when it warned of higher input costs and price declines in the US beer market.





    April 11, 2006

    London markets lower

    Filed under: Companies, Prudential, Burren Energy, Xstrata, Anglo American, Marks & Spencer, Colt Telecom, Vodafone, BT Group, London Stock Exchange, Dana Petroleum, Carphone Warehouse

    Despite gains early in the day in London on Tuesday, the FTSE 100 ended the day down by 0.8 percent to 6,016.5, mainly on declines spurred by worries about rising interest rates around the world. The FTSE 250 lost even more, dropping 1.3 percent to 9,743.8. Volume amounted to 3.4 billion shares traded.

    The early gains came on advances in the mining sector as metals prices hit new highs yet again. Anglo American added 0.8 percent to £24.25 and Xstrata gained 1.6 percent to £20.05. Both were helped by upgrades from “hold” to “buy” from Deutsche Bank.

    The oil sector was also largely higher as crude oil prices rose. Dana Petroleum was up 3.2 percent to £10.70 after Merrill Lynch upped its target share price from £11.50 to £13.50. Not all sector stocks were up, however. Burren Energy dropped 4.8 percent to 907p when Merrill Lynch downgraded its shres from “buy” to “neutral” over problems in its exploration program.

    The telecommunications sector was also mixed. Colt Telecom added 4.4 percent to 70½p on renewed bid speculation. But BT Group and Carphone Warehouse both lost ground after Carphone Warehouse announced a plan to offer free broadband to UK customers. BT dropped 2.4 percent to 213p, while Carphone Warehouse was down 1.1 percent to 310p. Vodafone also declined, dropping 2.2 percent to 123½p.

    In the retail sector, Marks & Spencer added 3.9 percent to 586p on the announcement that sales were up more than had been expected and on a subsequent reiteration of a “buy” recommendation from Oriel Securities.

    Insurer Prudential dropped 2 percent to 654p after Axa said that it was not discussing a bid and was not planning to enter into such talks.

    Meanwhile, US stock exchange Nasdaq became the largest shareholder in the London Stock Exchange when it bought out Threadneedle Asset Management’s 35.4 million shares in the LSE and also made a separate purchase of 2.7 million additional shares in the exchange. The purchases took Nasdaq’s stake in the LSE to 14.99 percent, higher than the 10 percent rumor had it that the US company was looking to acquire. The news of the acquisition only was revealed after trading had closed for the day. During the day’s session, shares in the LSE had gained 1 percent to £10.38.





    March 31, 2006

    London markets down slightly

    Filed under: Companies, ITV, Corus, Xstrata, Kazakhmys, Marks & Spencer, Dana Petroleum, Severn Trent, Kelda, Pennon Group, Rank Group, Stanley Leisure

    The London equities markets fell victim to profit-taking on Friday, with the FTSE 100 dropping 0.8 percent to 5,964.6 and the FTSE 250 losing 0.1 percent to 9,850.3. Despite the losses, both indices were up in the first quarter of the year, with the FTSE 100 gaining 6.2 percent, while the FTSE 250 was up a full 12 percent over the three months. Friday’s volume was 3.5 billion shares traded.

    Miners have done very well so far in 2006, with Corus adding almost 50 percent and both Xstrata and Kazakhnys up by close to 40 percent.

    As far as the daily results, broadcaster ITV dropped 4.6 percent to 119¼p on the news that it had rejected a second bid from a group of venture capitalists. Another loser was Dana Petroleum, which lost 4 percent to £10.08 when it was learned that Merrill Lynch and ABN Amro are placing around 20 percent of the company’s share capital for sale.

    Water companies were also down as investors worried that they might be fined for not meeting customer service standards. Severn Trent lost 2.5 percent to £11.17, while Kelda was down 2.2 percent to 788½p and Pennon Group declined by 1.6 percent to £13.41.

    The leisure sector saw gains, with Rank Group up 3.4 percent to 225½p amid bid rumors. Stanley Leisure added 2.5 percent to 734p.

    In the retail sector, Marks and Spencer gained 0.6 percent to 556½p on the announcement that it had sold its US supermarket unit, Kings Super Market for £35.4 million. In addition, Deutsche Bank raised its target share price to 625p.





    Next Page »

    Latest Equities News:

  • Wall Street ends lower despite rate cut

  • Asia-Pacific, Europe equities see declines

  • Hang Seng adds 10.72 percent on session

  • India’s Sensex drops 1,408 points on session

  • Australian markets drop for 9th straight day

  • Taiex gains on opposition win in parliamentary elections

  • Hang Seng drops nearly 400 points

  • Most Asia-Pacific markets drop on US recession worries

  • Tokyo declines on export worries

  • Asia-Pacific equities mixed on economic concerns

  • FTSE News copyright 2005 Central Consultants