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

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    October 5, 2007

    Kazakhmys leads miners in gains

    Filed under: Companies, Anglo American, Kazakhmys, Antofagasta, British Land, Land Securities, Bradford & Bingley, Alliance & Leicester, Hammerson, Barratt Developments, Severfield-Rowen, Moneysupermarket.com

    Miners led the way in London as the FTSE 100 added 0.73 percent to 6,595.8 and the FTSE 250 gained 0.18 percent to 11,390.4.

    Anglo American (LSE: AAL) was up 2.92 percent to £33.43 and Antofagasta (LSE: ANTO) was 3.25 percent higher to 826p, while Kazakhmys (LSE: KAZ) turned in the best performance on the 100 as it added 4.59 percent to £15.96.

    Meanwhile over on the 250, price comparison website Moneysupermarket.com (LSE: MONY) was the top performer of the day with a gain of 5.57 percent to 189.5p.

    Construction group Severfield-Rowen (LSE: SFR) was up 4.04 percent to £21.10.

    House builders and property developers, however, didn’t do as well over on the 100.

    Land Securities Group (LSE: LAND) was 3.21 percent lower to £16.87, while British Land (LSE: BLND) was down 3.44 percent to £11.24 after it said it will not sell its stake in Meadowhall shopping center after all.

    Barratt Developments (LSE: BDEV) dropped 4.14 percent to 765p while Hammerson (LSE: HMSO) was down 4.26 percent to £11.68.

    But Alliance & Leicester (LSE: AL) turned in the worst performance on the 100 as it fell 6.81 percent to 794p on a broker downgrade.

    Mortgage lender Bradford & Bingley (LSE: BB) did the worst on the 250, dropping 6.58 percent to 285p.





    July 10, 2007

    London retailers up amid general declines

    Filed under: Companies, Xstrata, Anglo American, Land Securities, BHP Billiton, Lonmin, Marks & Spencer, J Sainsbury, WH Smith, Arriva

    Equities markets in London saw declines on Tuesday.

    The FTSE 100 dropped 1.14 percent to 6,636.4, while the FTSE 250 was 1.08 percent lower to 11,732.1.

    Miners were lower after rumors circulated that BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) might be interested in bidding for US aluminium producer Alcoa (NYSE: AA).

    BHP Billiton was the worst performer on the 100 on the day, dropping 3.89 percent to £14.83.

    Elsewhere in the sector, Xstrata (LSE: XTA) dropped 3.33 percent to £32.48, while Anglo American (LSE: AAL) fell 3.61 percent to £32.04 and Lonmin was 3.64 percent lower to £41.54.

    The best performance on the day on the 100 came from property developer Land Securities (LSE: LAND), which added 4.8 percent to £18.35.

    Public transport group Arriva (LSE: ARI) had the best day on the 250 as it gained 7.92 percent to 770p after it was revealed that it had been awarded the UK Cross Country rail franchise.

    There were also gains in the retail sector.

    J Sainsbury (LSE: SBRY) was 1.05 percent higher to 577.5p, while Marks & Spencer (LSE: MKS) was up 1.26 percent to 640.5p on a trading update that was not as bad as had been anticipated.

    In the same sector on the 250, WH Smith (LSE: SMWH) added 2.04 percent to 411.75p.





    January 8, 2007

    Cairn Energy gains 3.3 percent

    Filed under: Companies, Cairn Energy, Xstrata, Anglo American, British Land, Land Securities, Lonmin, Slough Estates, Hammerson, Liberty International

    London equities markets were lower on Monday, led down by the real estate sector. The FTSE 100 dropped 0.4 percent to 6,194.2 and the FTSE 250 was 0.3 percent lower to 11,156.

    Despite the general losses, some sectors saw gains. Miners were up after a bad week last week. Anglo American was 1.6 percent higher to £23.68, helped by the possibility that it could sell some of its 42 percent stake in South African gold miner AngloGold. Xstrata added 2.2 percent to £23.14 after dropping 11 percent last week, while Lonmin gained 3.2 percent to £28.90.

    In the energy sector, Cairn Energy was 3.3 percent higher to £17.25 on positive comments from Man Securities, which said that Cairn could see advances if the debut of Cairn India on the stock exchange in Mumbai on Tuesday is fairly successful.

    Declines in the real estate sector were explained by nervousness among investors ahead of a meeting by the Bank of England, scheduled for Thursday, when the Bank will make its latest decision on interest rates. The sector was also hurt by a sector wide downgrade to “underweight” from HSBC. Liberty International dropped 1.5 percent to £13.45, Slough Estates fell 1.7 percent to 770p, and Hammerson was 2.5 percent lower to £14.97. British Land was down 2.9 percent to £16.04, while Land Securities dropped 3.2 percent to £22.10.





    July 10, 2006

    London properties sector mixed

    Filed under: Companies, BA, British Land, Land Securities, Marks & Spencer, Vodafone, Hammerson

    The London equities markets were mixed on Monday, with the FTSE 100 adding just 0.14 percent to 5,896.9 while the FTSE 250 dropped 0.44 percent to 9,390.1. Volume was very low, at only 2.2 billion shares traded on the session. At that, volume was pushed up by heaving trading in Invensys, at 206 million shares traded, and Standard Life, which traded over 170 million shares in its first day of trade.

    British Airways was the best performer on the 100, adding 1.9 percent to 366p as oil prices dropped. Also doing well among stocks listed on the 100 was Vodafone, which was up 1 percent to 119¾p on anticipation of a possible bid for its 45 percent share of Verizon Wireless. Dresdner Kleinwort Wassterstein repeated its “buy” recommendation on the mobile phone company, citing a special dividend of 15p due later in the month.

    In the retail sector, Marks & Spencer was up 0.4 percent to 582p ahead of its first-quarter trading update, due Tuesday.

    Real estate was mixed, with Land Securities dropping 0.2 percent to £18.67 percent and Hammerson declining by 2.4 percent to £12.11. However, British Land gained 0.2 percent to £13.32 on rumors that it will introduce a new chairman at its annual meeting on Thursday.





    July 4, 2006

    Weak pharma hurts FTSE 100

    Filed under: Companies, British Land, Land Securities, Marks & Spencer, Vodafone, AstraZeneca, Hammerson, Shaftesbury, St Modwen, Great Portland Estates

    Equities markets in London were mixed but closed very close to Monday’s levels on Tuesday as investors indulged in profit-taking after gains in the past four trading sessions. The FTSE 100 dropped 0.02 percent, less than a point, to 4,883.5. The FTSE 250 was up 0.09 percent to 9,505.6. With US markets closed for the Independence Day holiday, volume was light with only 1.9 billion shares trading hands.

    The property sector saw gains among both blue-chip and mid-cap stocks. On the 100, both British Land and Land Securities added 2.8 percent, to £13.33 and £18.79 respectively. Hammerson gained 3.1 percent to £12.41. Over on the 250, Shaftesbury was up 4.8 percent to 549p, while St Modwen rose 4.9 percent to 469p and Great Portland Estates gained 534¾p.

    Among telecoms, Vodafone was up 1 percent to 119p on positive comments from Deutsche Bank.

    Positive sentiment from Goldman Sachs sent Marks & Spencer 1.9 percent higher to 598p, as it added the retailer to its ‘Conviction Buy List’.

    On the other hand AstraZeneca dropped 2.7 percent to £32.19 when ING downgraded the drug maker from “buy” to “hold”, saying that its 12.7 percent share price rise in the past month raises issues of valuation.





    May 23, 2006

    FTSE 100 in largest one-day percentage gain in three years

    Filed under: Companies, BG Group, Royal Dutch Shell, BP, Xstrata, Kazakhmys, Antofagasta, British Land, Land Securities, Marks & Spencer, Vodafone, Aberdeen Asset Management, Hammerson, Liberty International

    After big declines on Monday, the London equities markets were significantly on Tuesday. The FTSE 100 saw its largest percentage gain since April of 2003, adding 2.6 percent on the day to 5,678.7. Meanwhile, the FTSE 250 put on the most points on one day in its history, gaining 405.7 points, 4.6 percent, to 9,234.3.

    Only six companies on the 100 declined on the day. Among those were retailer Marks & Spencer, which lost 3.2 percent to 549p on a disappointing full year report, which included only a 5 percent increase in sales at its refurbished stores. Also down on the day was mobile phone group Vodafone, which was down 1 percent to 116¾p ahead of an earnings report due next week.

    Commodities prices were on the rise once again, leading to steep gains on the mining and oil sectors. Among miners, Kazakhmys was up 13 percent to £10.82. Xstrata added 10 percent to £19.42, while Antofagasta gained 9.7 percent to £20.72.

    Gains in the oil sector were not as large, but were still substantial. BP and BG Group each added 4.2 percent, to 635p and 673p respectively. Royal Dutch Shell gained 3.8 percent to close at £18.78.

    The real estate sector saw big gains, as well. Hammerson and Liberty International were each up 7 percent on the day, to £11.23 and £10.42 respectively. British Land gained 6.4 percent to £12.38 after it said that its net asset value had climbed 32 percent and announced that it would change over to a tax-efficient investment trust status as quickly as it could. Land Securities advanced by 5.6 percent to £17.80 on an upgrade from Merrill Lynch.





    March 22, 2006

    FTSE 100 closes above 6,000

    Filed under: Companies, ITV, British Land, Land Securities, BT Group, Cable and Wireless, London Stock Exchange, Slough Estates, Hammerson

    In London on Wednesday, the FTSE 100 closed up 0.3 percent to 6,007.5, the first time it has closed above 6,000 in five years. Meanwhile, the FTSE 250 was 0.5 percent higher to close at 9,858.6. Continued bid rumors and gains in the property sector were instrumental in the day’s advances.

    Shares in property companies were up an the news that new rules on the introduction of tax-efficient property investment vehicles were less restrictive than they had been expected to be. Slough Estates gained 13.4 percent on the day to 685p, while Land Securities was up 12.9 percent to £20.80, British Land advanced by 11.9 percent to £13.00, and Hammerson added 9.2 percent.

    BT Group gained 2.4 percent to 234½p on more intense rumors that a private equity consotium was going to bid, possibly offering as much as 265p per share. Elsewhere in the telecommunications sector, Cable & Wireless dropped 2.7 percent to 109¾p as bid rumors lessened in intensity.

    Broadcaster ITV was up 9.4 percent to 650½p after it said it had rejected a bid from a consortium that included Apax Partners and Goldman Sachs, saying that the offer was not in the best interest of shareholders.

    The London Stock Exchange dropped 3.3 percent to £11.38 when Credit Suisse downgraded it to “neutral” from “outperform”.





    February 14, 2006

    London markets down in early trade

    Filed under: Companies, Prudential, Xstrata, 888 Holdings, PartyGaming, Rio Tinto, British Land, Land Securities, BHP Billiton, Aviva, Rolls Royce, Cadbury Schweppes

    In mid-morning trade on Tuesday, the London equities markets were down, with the FTSE 100 down by 0.1 percent to 5,787.6 after early gains. The FTSE 250 was also down 0.1 percent to 9,321.4.

    The biggest losers were in the online gambling sector. PartyGaming lost 5.9 percent on the FTSE 100 to trade at 121p while 888.com dropped 5 percent to 187¾p. 888.com trades on the FTSE 250.

    On the other hand, properties firms British Land and Land Securities were up after British Land said that its net asset value and its underlying profits were both up. British land advanced by 0.5 percent to £11.91½. Land Securities saw even more of a jump in its shares, gaining 1.6 percent to £17.97.

    The mining sector was up as well, with Asian commodities prices firmer. Rio Tinto gained 1.7 percent to £27.79, BHP Billiton was up 1.4 percnet to 956½p, and Xstrata advanced by 1.1 percent to £16.27.

    Life assurers were up as well, with Aviva and Prudential each gaining 1 percent to 758½p and 604p respectively.

    Engine manufacturer Rolls Royce gained 1.6 percent to 434½p on an upgrade to “buy” from “neutral” by Merrill Lynch.

    Cadbury Schweppes also benefited from an upgrade to “buy” from “hold” and a raised target price of 620p, up from 565p, by Citigroup. The confectioners gained 1.6 percent to 566½p.





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