Markets

Brent crude below the $60 mark

Brent crude below the $60 mark

The FTSE 100 was down 0.457pc to 6,742.29 during midday trading, having revived from lows of 7,713.06 in the morning session, dragged lower by poor performances from oil giants BP and Royal Dutch Shell. International benchmark Brent crude plummeted 2.62pc at $58.05 after reports of swelling oil inventories and forecasts […]

Miners limit FTSE 100 losses

Miners limit FTSE 100 losses

The FTSE 100 would have ended the morning sessions firmly in the red if it were not for the miners, who helped limit losses to -0.489pc at 6.811.68, with BHP leading the surge of miners. Brent crude rallied 1.06pc at $60.92 after UAE energy minister Suhail al-Mazrouei said the market […]

Weak sterling supports the FTSE 100

Weak sterling supports the FTSE 100

The FTSE 100 briefly dipped below the 6,800 mark, dragged down by poor performances across the mining sector, but rebounded to 6,822.96 by midday helped by a weakening pound. International benchmark Brent crude was down 0.72pc at $61.01 after China reported weaker economic growth, hinting towards lower fuel demand from […]

Sterling up as May survives vote of no confidence

Sterling up as May survives vote of no confidence

The FTSE 100 was steady at 6,872.76 as gains were offset by stocks that did not benefit from the rally in the value of the pound, including oil giant BP that was down 2.25pc. Brent crude dipped below the $60 mark after it dropped 0.83pc to $59.65, under pressure from […]

Markets up as May vows to fight leadership challenge

Markets up as May vows to fight leadership challenge

The FTSE 100 rose 1.146pc at 6,884.93 as it looked increasingly likely that UK Prime Minister will survive a vote of no confidence after a wave of support from senior Tory MPs. UK energy giant Centrica was amongst the top performers on a strong FTSE 100, up 3.73pc. Brent crude […]

FTSE 100 surges on UK earnings data

FTSE 100 surges on UK earnings data

UK earnings data showed a 3.3pc increase in wages helping the FTSE 100 surge 1.325pc to 6,810.61, defying the chaos surrounding Brexit after Prime Minister Theresa May delayed a parliamentary vote on her deal to leave the European Union. Brent crude rose above the $60 mark, up 0.77pc at $60.43, […]

Centrica loses on a steady FTSE 100

Centrica loses on a steady FTSE 100

The FTSE 100 was up 0.317pc at 6,799.57 as UK GDP grew by 0.4pc in the three months to October 2018 ahead of an expected statement by UK Prime Minister Theresa May later today. UK energy giant Centrica was amongst the biggest losers on the UK index, down 4.15pc. Brent […]

Sterling set for fourth weekly loss ahead of parliamentary Brexit vote

Sterling set for fourth weekly loss ahead of parliamentary Brexit vote

The FTSE 100 surged past the 6,800 mark as it aims to reconsolidate yesterday’s losses, up 1.576pc at 6,809.70, while US stocks were expected to open lower. Brent crude was up 0.57pc to $60.40 as Russia seemed likely to contribute larger cuts to the OPEC+ deal, although gains were limited […]