Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Glencore PLC    GLEN   JE00B4T3BW64

Delayed Quote. Delayed  - 05/27 05:35:13 pm
134.3 GBp   -1.21%
05/26 FTSE steadies at close after climbing to one-month high
05/26 GLENCORE : Meet Glencore, rapacious global lord
05/25 PRESS : BHP Billiton And Others In Race For Anglo American Coal Mine..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

FTSE steadies at close after climbing to one-month high

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/26/2016 | 06:33pm CEST
File photo of people walking through the lobby of the London Stock Exchange in London

Britain's top share index steadied at the close on Thursday after reaching a one-month high, as mining shares rallied along with metals prices to offset weaker banking and energy stocks.

Mining companies were the top sectoral gainers, with the FTSE 350 Mining index rising nearly 1 percent as a weaker dollar helped copper prices climb to two-week highs.

Shares in Anglo American, BHP Billiton, Glencore, Antofagasta and Rio Tinto rose 1.2 to 1.9 percent.[MET/L]

"A slightly weaker dollar plays in favour of commodities and their extractors, be they miners or drillers," said Mike van Dulken, head of research at Accendo Markets. "An array of recent concerns appear to have been stowed away by bulls who remain fixated on re-igniting this week's rally."

The FTSE 100 index finished 0.04 percent higher at 6,265.65 points after climbing to 6,281.73, its highest since late April.

However, the oil and gas index fell 0.3 percent as oil prices retreated, after rising above $50 a barrel for the first time in nearly seven months.

Banks also came under pressure. Analysts said investor sentiment was hurt by a surprise rights issue by Spain's Banco Popular, fuelling fears that others in the region may follow suit, to strengthen their balance sheets.

Standard Chartered, Lloyds and Royal Bank of Scotland fell 1 to 2.9 percent.

Carnival, DCC and Whitbread, down 2.5 to 3.2 percent, were among the shares going ex-dividend, so the stocks traded without the rights to their latest dividend pay-out.

Outside the blue chips, newspaper publisher Daily Mail and General Trust slumped 10.8 percent after it lowered its full-year outlook. A downturn in print advertising was hurting margins in its media business, the company said, leading to an 11 percent drop in first-half profit.

By Atul Prakash and Kit Rees

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on GLENCORE PLC
05/26 FTSE steadies at close after climbing to one-month high
05/26 GLENCORE : Meet Glencore, rapacious global lord
05/25 PRESS : BHP Billiton And Others In Race For Anglo American Coal Mines
05/23 FTSE ends lower as commodities stocks slip
05/20 COCA COLA HBC : leads FTSE share index higher
05/20DJBLACKROCK : Taps Canadian Fund's Chief -- WSJ
05/19DJBLACKROCK : Canadian Pension Fund Chief to Join BlackRock -- 2nd Update
05/19DJEUROPE MARKETS : European Stocks Slump After Hawkish Fed Opens Up For June Rate ..
05/19DJBLACKROCK : Canadian Pension Fund Chief to Join BlackRock -- Update
05/19DJCanadian Pension Fund Chief to Join BlackRock
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials