22 Sep 2015 @ 19:07
Mining shares were like an anchor for the FTSE today, during a period when the last thing the FTSE needs is an anchor. Although it was not the biggest loser of mining sector of the combined 1,034 losers on the LSE, BHP Billiton’s share price (
LSE:BLT) fell more than 5.0% to 1,021.50, back the position it […]
17 Sep 2015 @ 20:14
All day long financial news sites have been littered with headlines speculating about whether or not the U.S. Federal Reserve would at last raise interest rates this month as has long been anticipated. If not speculating about whether or not, they speculated all day about what if. Between that and the reports on last night’s […]
07 Sep 2015 @ 21:54
Shares of Glencore (
LSE:GLEN) rose more than 7% to close at 131.80 on the London Exchange today when it released an update on its aggressive plans to reduce its net debt and “adapt the business to the current commodity landscape.” The move is much the same as Lord Nelson would have done with HMS Victory, […]
19 Aug 2015 @ 19:23
It might have been a better day for Glencore’s (
LSE:GLEN) share price and the FTSE 100 if the former had not had to publish its Q2 and H2 operations and financial report. The mining giant’s share price dropped by 9.74% to close at 158.95, continuing a decline that began a year ago on 25 July […]
08 Apr 2015 @ 14:43
Royal Dutch Shell (
LSE:RDSA) (
LSE:RDSB) pushed other world news off the front page this morning, announcing that it has agreed to buy BG Group (LSE:BG.) for $70 billion dollars (£47 billion) at a premium of 50% on BG’s closing price yesterday, which was 910.40. That would price BG shares at 1,365.60. BG shares jumped to […]
23 Mar 2015 @ 21:19
Sometimes it is a lot more fun to step back and watch the FTSE for awhile. You know, just enjoy the view. Forget the stress and pressures of life and just enjoy the spectacle of it all. After all the excitement of the record-breaking day on Friday, 20 March, I pondered writing an article on […]
20 Mar 2015 @ 15:23
Break out the champagne! At 3:06 pm GMT, the FTSE is at 7,005.48! I have been watching the FTSE all day – just like you have. In the few seconds it took me to type that, it has already hit 7,009.00 and is now at 7,010.34! This is an incredible day, as we all watch […]
19 Mar 2015 @ 19:21
In the waning trading hours yesterday I wrote “I, for one, believe that there may be adequate activity and the right atmosphere to make this the week that the FTSE reaches 7,000.00.” That’s a pretty bold statement to make on a Wednesday afternoon. Lot’s of pundits might dare to say something like that before a […]
18 Mar 2015 @ 16:01
The FTSE 100 is pushing back toward record territory once again today with help from Standard Charter Bank (
LSE:STAN) and George Osborne. Approaching 3:00 pm in London, the FTSE is up 1.43% to 6.935.46, moving closer to surpassing its 6,974.26 52-week high. To be clear, Standard Charter and George Osborne are not the only reasons […]
13 Mar 2015 @ 18:55
There are still almost three hours of trading time left in New York, but with the Dow down by more than 228 points to 17,760.87, the Nasdaq down 42.02 points to 4,851, and the S&P 500 down 20.26 points to 2,045.9, it does not appear that the day is going to end well. Normally, I […]
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