Oil and FTSE rise as votes go to polls in EU referendum
The London market broke through the 6,300 barrier as voters headed to the polls to cast their ballots in Britain’s referendum on the European Union.
The London market broke through the 6,300 barrier as voters headed to the polls to cast their ballots in Britain’s referendum on the European Union.
London’s premier index was flat as investors paused for breath ahead of Thursday’s vote on Britain’s membership of the European Union.
Sterling and the London market swung back into positive territory on Friday morning amid easing concerns over a British exit from the European Union.
Royal Dutch Shell was in the ascendency after investors cheered on plans to trim investment and cut costs in the face of lower oil prices.
London’s FTSE 100 Index edged back into positive territory amid higher oil prices as investors focused on a crunch meeting between members of the Opec cartel.
London’s top flight index struggled for direction as commodity stocks came under pressure after the strong dollar sparked a drop in the price of oil.
The London stock market rose strongly, driven by mining and oil stocks which clawed back much of yesterday’s heavy losses.
The London market ended a bruising week edging higher despite warnings over global economic uncertainty from Holiday Inn owner InterContinental Hotels Group (IHG) and disappointing US jobs data.
BP raced ahead as investors cheered better-than-expected results despite the energy giant booking hefty losses caused by stubbornly low oil prices.
London’s top-flight index was dragged into the red as a lacklustre performance from commodity stocks weighed heavy on the market.
The FTSE 100 Index hit a fresh five-month high as markets across Europe raced ahead thanks to a bounce back in oil prices and cheer over the eurozone economy.
The London market struggled to make headway as the falling price of crude dragged on stocks after a key meeting of oil producers ended in stalemate.
The London market soared to a new high for 2016 as strong economic data from China overshadowed heavy falls from supermarket giant Tesco.
The London market struggled for direction as commodity stocks rallied higher despite a drop in the price of oil.
The London market sank deep into the red as the sliding oil price and lacklustre growth from the services sector punished top-flight stocks.
The London market struggled for direction, amid a fall in the price of oil and light trading across Europe.
Top-flight shares plunged into the red after commodity falls weighed on heavyweight oil firms and miners.
The London market was on the front foot as traders reacted to Chancellor George Osborne’s eighth Budget with a cautious welcome.
The FTSE 100 Index has surged ahead as higher oil prices and a rally led by miners put it on course for its fourth day of gains in a row.
Mining giant Anglo American has plunged deeper into the red as it bore the brunt of tumbling commodity prices.
Royal Dutch Shell has hailed its 52.6 billion US dollar (£36.4 billion) takeover of BG Group as a step towards becoming a “simpler, leaner, more competitive company”. The mega-deal - creating the biggest trader of liquefied natural gas - came into force on Monday after shareholders waved through the tie-up at the end of January.
The FTSE 100 Index sank to a fresh three-and-a-half-year low as the sell-off in the banking sector and fears over the global economy sent markets worldwide reeling. London’s top flight dropped 2% to 5574 - its lowest level since July 2012 - while it was also a sea of red on Wall Street and across Europe.
London’s FTSE 100 made modest gains, as a continued rally from heavyweight miners and a profit swing for oil and gas company BG Group pushed the index higher.
London’s FTSE 100 Index struggled for direction, as oil and gas exploration firm BG Group announced it had steered the business back into the black.
The London market has dived deep into the red once more amid falling oil prices and as blue chip giant BP posted its largest annual loss for at least 20 years.