FTSE 100 dragged lower by Rolls-Royce, National Grid and BP
London’s blue-chip FTSE 100 Index fell 106.54 points, or 1.73%, to 6,049.62 as Covid-19 continued to weigh heavily on the world’s leading financial markets today.
FTSE 100 Index
FTSE 100 falters amid subdued sentiment in London
The FTSE 100 Index failed to hold on to Monday’s gains today, despite a rally for stocks on Wall Street overnight.
FTSE 100 on the rise but Brent crude starts week in reverse
European markets started the week in positive territory, with all the leading financial indices enjoying gains yesterday.
Brent ends historic week for oil on the up
Brent crude had edged up just over 1% to $21.55 a barrel by the London market close today, making it three days of gains on the trot in a historic week for oil prices.
FTSE 100 follows global stocks higher amid enthusiasm over US tax reform
The prospect of US tax reforms has buoyed global stock markets but knocked the dollar, sending UK shares and sterling higher.
Crude rally brought to abrupt halt as output frozen – at its highest ever level
A brief rally in the cost of crude was brought to an abrupt halt after global oil giants failed once more to agree on production cuts, instead freezing output at its highest-ever level.
North Sea firms boosted by City bounce
Oil and gas shares staged a partial recovery yesterday as the City bounced back from “Black Monday”.
North Sea firms hit hard as markets take a pummelling
Billions of pounds were wiped off the value of North Sea oil companies yesterday as fears of a Chinese economic meltdown sent global stock markets plummeting.