Norwegian focussed oil firm Faroe Petroleum posted a healthy increase in revenue yesterday, with CEO Graham Stewart saying currently, that for a company Faroe’s size, they’re making it “look easy.”
U.K. mega-cap stocks are having a tough year, and their laggard days may not be over.
The FTSE 100 Index was down 34.59 points to 7413.2, with oil majors and mining stocks coming under pressure as concerns over the global supply glut gathered momentum.
London’s premier index rebounded to within a whisker of a new mid-session record after choppy trading for the pound handed a boost to blue-chip stocks.
The FTSE 100 Index has closed above 7,500 for the first time as higher-than-forecast inflation data and confidence over Britain’s prospects under a Tory government drove stocks higher.
London’s top flight index began to edge off record highs despite a flurry of strong Christmas trading updates from British retailers.
London’s premier index delivered its longest ever record closing streak thanks to more lacklustre trading from the Brexit-hit pound.
Sterling moved erratically and the FTSE 100 remained in negative territory following inflation figures showing consumer prices dodging the effects of a weaker pound in August.
The London market pushed higher as investors braced themselves for the Bank of England’s next move on interest rates.
Despite global markets descending into chaos after Britain’s vote to leave the European Union, the FTSE 100 Index has clawed back all of its post-Brexit losses.
The historical vote by the UK to leave the European Union has seen a mixed reaction from the energy industry.
The London market slipped into the red as investors remained focused on the timing of the next interest rate hike by the US Federal Reserve.
Shares in Marks & Spencer have nosedived after it warned that efforts to shore up its clothing arm would hit profits.
The London market slipped back into the red as volatile oil prices put global stocks under pressure.
The FTSE 100 Index has slipped back after hitting four-month highs on Tuesday as falling oil prices once more weighed on the London market.
The London market opened on the back foot, following Chinese data that pointed to a continuing slowdown of global growth.
The London market opened on the front foot as higher oil prices boosted commodity stocks.
The London market has rallied back after commodity stocks lifted on fresh hopes that a cut to oil production could be around the corner.
Markets surged higher across Europe after US Federal Reserve boss Janet Yellen soothed fears over imminent interest rate hikes.
Top flight shares fell in early afternoon trading, as heavyweight miners weighed on the London market.
Oil stocks have helped London’s top flight index rise to a four-week high as the oil price rose to $35 dollars a barrel.
London’s top flight index bounced back from recent sharp falls as Lloyds sweetened investors by revealing a special £2 billion dividend.
London’s top flight index made modest gains after slumping into the red in the previous session.
London’s top flight index stumbled back into the red as it struggled to build on recent gains despite a strong boost from Centrica and BAE Systems.
Glencore chief executive Ivan Glasenberg won a vote of confidence from lenders that he can steer the mining company through a dismal market and restore it to financial stability.