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ShareCast News - Market Report

London close: Crude futures plummet, but Footsie barely flinches

Somewhat unexpectedly, at Thursday's summit, in Vienna, the Organization of Petroleum Exporting Countries (OPEC) decided not to cut its current "official" level of production, in effect admitting that their power to influence the market is now diminished.
[Yesterday 17:36]

FTSE 100 movers: Supermarkets fall amid Campylobacter outrage, energy stocks drop

The share price of UK supermarket chain Sainsbury was under pressure on Thursday after Shore Capital downgraded its rating from 'hold' to 'sell', saying investors should expect a "material contraction in profitability". The broker said it sees "few attractions in holding Sainsbury's shares". It expects a 30% "reset" in earnings per share and is forecasting three years of declines in Sainsbury's profits and dividends.
[Yesterday 15:24]

FTSE 250 Movers: Transport surges, energy sector dips

Stagecoach saw shares surge after its 90%-owned joint venture with Virgin Rail won the contract from the Department for Transport to run the new InterCity East Coast franchise for eight years from March 2015.
[Yesterday 14:31]

London midday: FTSE flat as energy shares slump ahead of OPEC meeting

Heavy falls in the energy sector kept a lid on gains for the FTSE 100 on Thursday as investors awaited the outcome of a pivotal meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna.
[Yesterday 11:33]

London open: Investors await pivotal OPEC meeting, Brent drops

The UK stock market opened flat on Thursday as investors awaited a jam-packed day full of economic data, policymaker speeches and a pivotal meeting of the Organization of Petroleum Exporting Countries (OPEC).
[Yesterday 09:12]

London pre-open: All eyes on the OPEC meeting, stocks inch higher

US markets might be closed together for Thanksgiving but those hoping for a quiet day could be disappointed with the Organization of Petroleum Exporting Countries (OPEC) set for a pivotal meeting in Vienna.
[Yesterday 07:32]

London close: UK stocks erase gains as US data misses forecasts

After a choppy session, the UK stock market finished more or less flat despite gains in the mining and telecom sectors, with a string of mostly disappointing economic data from the US weighing on sentiment.
[Wed 16:36]

FTSE 100 movers: Mining and telecom stocks on the rise

MIning stocks were leading the risers on the FTSE 100 on Wednesday, rebounding after recent declines. Antofagasta topped the list, rising 3.7%, with peers Anglo American, Fresnillo and Randgold also registering decent gains.
[Wed 15:29]

FTSE 250 Movers: Thomas Cook plummets as CEO steps down

Shares in Thomas Cook plummeted by over 19% as it announced that chief executive Harriet Green has stepped down after just over two years in charge of the troubled travel group. Green, who is due to be replaced by chief operating officer Peter Fankhauser with immediate effect, claimed her turnaround "was complete" as annual results showed improving profits from all divisions.
[Wed 14:25]

London midday: Mining stocks and telecoms M&A give FTSE a lift

Decent gains from miners and M&A speculation in the telecoms sector gave UK stocks a boost on Wednesday, along with data which confirmed that the British economy expanded as expected in the third quarter.
[Wed 11:42]

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