LONDON, June 14 (Reuters) – Britain’s blue chip shares rose
early on Friday as miners led a technical rise after upbeat U.S.
economic data helped cool fears that the economy would struggle
if the central bank withdrew stimulus.
Miners rose 1.7 percent, and the FTSE
was up 15.78 points, or 0.3 percent, at 6,320.41 by 0721 GMT,
after stabilising on Thursday following sharp losses. The index
has fallen nearly 8 percent since mid-May on worries the Federal
Reserve might scale back its stimulus programme before the
economic recovery is sustainable.
LONDON, June 13 (Reuters) – Investors are rewarding European
companies that have stepped up spending to exploit a modest
improvement in growth prospects instead of hoarding cash or
handing it to their shareholders.
That may suggest that fortune, and investor equity
allocations, could continue favouring the brave – companies that
follow suit and use strong cash positions to make more
nuts-and-bolts investments in the coming months.
LONDON, June 13 (Reuters) – Financial sector companies
pulled European stock markets lower on Thursday, dominated by
worries over the impact and possible scaling back of central
bank support for the economy, while UK lender RBS suffered from
the departure of its chief executive.
Financials such as insurers, asset managers
and banks led the FTSEurofirst 300 down 13.42
points, or 1.1 percent at 1,161.37, by 1027 GMT.
LONDON, June 13 (Reuters) – European shares sold off again
on Thursday with banks and commodity stocks – two of the sectors
most exposed to broader economic fortunes – the top fallers on
concerns about stimulus unwinding and Greek political
By 0735 GMT, the FTSEurofirst 300 was down 13.86
points, or 1.2 percent at 1,160.93, testing key support levels
and led by miners down 1.4 percent and banks
down 1.6 percent.
LONDON, June 12 (Reuters) – Russian companies’ exodus from
the FTSE 100 was confirmed on Wednesday after precious metals
miner Polymetal and steelmaker Evraz were relegated to the UK’s
FTSE 250 index.
All changes will be effective after the UK market closes on
The departure of Evraz and Polymetal
after less than two years in the top flight and Russian gold
miner Petropavlosk to the small caps from the
FTSE 250, leaves questions over relations with
investors, following troubles at Kazakh miner ENRC and
LONDON, June 11 (Reuters) – Britain’s FTSE 100 fell through
technical support levels on Tuesday on concerns that central
banks could soon scale back the stimulus that has helped the
equity market to approach all-time highs.
The FTSE 100 closed down 60.37 points, or 0.9
percent at 6,340.08, near late-April lows of 6,280.
LONDON (Reuters) – Britain’s top shares were falling again by midday on Tuesday amid worries over central banks withdrawing the stimulus that has fuelled the rally over the past year.
The Bank of Japan was the latest to cause angst among investors as it chose not to provide fresh stimulus to boost the economy further.
LONDON, June 11 (Reuters) – Britain’s top shares were
falling again by midday on Tuesday amid worries over central
banks withdrawing the stimulus that has fuelled the rally over
the past year.
The Bank of Japan was the latest to cause angst among
investors as it chose not to provide fresh stimulus to boost the
LONDON, June 10 (Reuters) – European shares were flat by
midday on Monday with an attempt to rally capped by strong falls
in miners, which were hit by weak data from the world’s largest
consumer of raw materials, China.
Miners, beset by growth concerns and underperforming
the broader index by nearly 20 percent in 2013, fell
1.6 percent, tracking weaker metals prices, after the
weekend data showed Chinese economic growth slowing.
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.