Markets

Mining companies hold FTSE 100 back

Mining companies hold FTSE 100 back

Brent crude, the global benchmark, was up 0.64%, at $61.61 a barrel, on London’s Intercontinental Exchange. The FTSE 100 was flat at 7,351 as the pound clawed back some losses overnight, which saw the blue chip overseas earners benefit from the weaker sterling hand back their gains. Mining companies contributed […]

Concern over the US continues to weigh oil down

Concern over the US continues to weigh oil down

The FTSE 100 was down 0.1pc at 7,317.63 this morning, dragged by mining companies but slightly outperforming a negative European market on the back of a weak sterling. The pound has continued to slide down to its lowest level in a week at $1.3368 against the dollar. The global benchmark, […]

Brent crude down after increase in US output

Brent crude down after increase in US output

The FTSE 100 edged up to 7,351.38 this morning after the sterling slid following Prime Minister Theresa May’s failure to secure a deal to open post-Brexit free trade talks with the EU. The sterling edged down to $1.3425 against the dollar following Theresa May’s Brexit negotiations yesterday, that failed to […]

Sterling slips in anticipation of Brexit talks

Sterling slips in anticipation of Brexit talks

The FTSE 100 was up 0.35pc to 7,326.22, with Rio Tinto jumping 0.93% after the announcement of its new chairman, Simon Thompson. Brent crude, the global benchmark, was down 0.75pc at $63.25 a barrel as the market looks beyond last week’s OPEC agreement, which saw cuts extended through to the […]

Brent crude rose following OPEC meeting

Brent crude rose following OPEC meeting

Brent crude got a boost on Friday morning following OPEC and Russia’s agreement to extend oil production cuts and jumped 1.07pc to $63.30, during mid-morning trading. On the stock market, the UK’s benchmark FTSE 100 index was down 22.20 points at 7,304.47. Meanwhile sterling dropped 0.32pc against the dollar from […]

Brent crude close to two year high

Brent crude close to two year high

The FTSE 100 looks set to close November with a slight loss as it dropped 3.53 points to 7,390.03 – extending its losses following a breakthrough in Brexit negotiations, which sent sterling to two month high. Sterling continued to climb towards the $1.35 mark as the UK closed in on […]

Sterling soars after breakthrough in Brexit negotiations

Sterling soars after breakthrough in Brexit negotiations

The pound climbed to a two year high to $1.3430 against the dollar, and 1.6pc to €1.1310 against the euro after it was announced British and EU negotiators broke the deadlock over Brexit divorce bill. In morning trading FTSE 100 dropped 0.57pc to 7,418.10, weighed down by overseas earners after […]

FTSE 100 up, despite poor performance from miners

FTSE 100 up, despite poor performance from miners

The FSTE 100 was up 0.62pc to 7,429.36, but miners prove a heavy drag for the second consecutive day. BHP and Glencore held the FTSE 100 back, down 1.67pc and 2.15pc respectively. Brent crude has continued it poor start to the week and dropped 1.07pc to $63.16, despite claims it […]