LONDON (Reuters) – Russian companies’ exodus from the UK’s benchmark share index .FTSE looks set to continue on Wednesday, when steelmaker Evraz and miner Polymetal are likely to be relegated in the latest quarterly review.
Both stocks have lost more than 40 percent in a torrid year so far for the broader Russian mining group, which includes ENRC .ENRC.L, beset by slowing demand, corruption probes and regulatory inquiries that have hit investor sentiment.
LONDON, June 10 (Reuters) – Mining stocks were the top
fallers as European shares edged lower on Monday, dragged down
by weak data from China, the world’s largest consumer of raw
Miners fell 1.1 percent after data showed growth in
the world’s second-largest economy was losing momentum, heaping
pressure on the earnings outlook for a sector which has already
lagged the market by almost 20 percent in 2013.
LONDON, June 6 (Reuters) – Johnson Matthey was the star
performer after results as the chemicals firm led European
shares slightly higher by midday, with trade expected to remain
volatile ahead of U.S. economic data.
Shares in Johnson Matthey, the world’s largest
maker of catalysts to control car emissions, jumped 7 percent
after the company reported a smaller-than-expected drop in
annual profit. Its exposure to a recovering U.S. auto market
helped cushion the impact of weak precious metals prices.
LONDON (Reuters) – British blue chip shares fell on Wednesday as investors took the previous session’s sharp rise as a reason to take profits and retailer Mark & Spencer and engineering group AMEC dropped after losing their dividend entitlements.
By 8:38 a.m. British time, the FTSE 100 was down 76.31 points, or 1.1 percent, at 6,685.70, having gained 1.6 percent on Tuesday to near 13-year highs on pledges of continued monetary stimulus from major central banks.
LONDON, May 29 (Reuters) – British blue chip shares fell on
Wednesday as investors took the previous session’s sharp rise as
a reason to take profits and retailer Mark & Spencer and
engineering group AMEC dropped after losing their
By 0738 GMT, the FTSE 100 was down 76.31 points, or
1.1 percent, at 6,685.70, having gained 1.6 percent on Tuesday
to near 13-year highs on pledges of continued monetary stimulus
from major central banks.
LONDON, May 23 (Reuters) – Doubts over the Federal Reserve’s
long-term commitment to economic stimulus sent European stocks
into reverse on Thursday, with losses in banks and miners
compounded by weak data in Europe and China.
By 1034 GMT, the FTSEurofirst 300 was down 2.1
percent, or 26.70 points, at 1,229.58, after Ben Bernanke,
chairman of the U.S. Fed, threatened an earlier-than-expected
pullback of stimulus that has helped propel equities to
LONDON, May 23 (Reuters) – European shares went into a
tailspin early on Thursday, spooked by concerns that the U.S.
Federal Reserve could soon taper its stimulus programme and
compounded by weak economic data from China.
By 0729 GMT, the FTSEurofirst 300 was down 18.47
points, or 1.5 percent, at 1,237.81, having closed at its
highest level since mid-June 2008 in the previous session,
boosted by investors hunting for yield in a low interest rate
LONDON, May 22 (Reuters) – Britain’s FTSE 100 weakened early
on Wednesday after hitting 13-year highs in the previous
session, as investors looked for further clues from the U.S.
Federal Reserve over the outlook for its stimulus measures.
London’s blue chip index fell 16.89 points, or 0.3
percent to 6,786.98 at 0807 GMT.
LONDON, May 21 (Reuters) – Britain’s blue chip share index
closed within sight of its all-time high on Tuesday, lifted by
mining stocks and positive corporate news from luxury retailer
Burberry among others.
The FTSE 100 index ended up 48.24 points, or 0.7
percent, at 6,803.87, its highest finish since its record close
of 6,950.60 in late 1999.
LONDON (Reuters) – Rallying miners and a contract win for outsourcing company Capita helped steady the FTSE 100 by midday on Tuesday despite weakness in travel firms after disappointing results from Carnival.
By 1011 GMT, London’s blue chip index was up 4.66 points, or 0.1 percent, at 6,760.29, having closed at its highest level since late September 2000 on Monday driven by investors striving for higher returns.