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Pin to quick picksEndeavour Mining Share News (EDV)

Share Price Information for Endeavour Mining (EDV)

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Share Price: 1,664.00
Bid: 1,675.00
Ask: 1,677.00
Change: 0.00 (0.00%)
Spread: 2.00 (0.119%)
Open: 1,679.00
High: 1,697.00
Low: 1,650.00
Prev. Close: 1,664.00
EDV Live PriceLast checked at -

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Miners drag FTSE 100 lower to snap 6-day winning streak

Thu, 31st Aug 2023 17:02

Glencore among top losers on FTSE 100

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Miners drag after weak China data

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Boohoo rises after Frasers raises stake in co

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FTSE 100 down 0.5%, FTSE 250 adds 0.2%

Aug 31 (Reuters) - UK's FTSE 100 snapped a six-day winning streak to end lower on Thursday, hurt by weak data from China and mining stocks trading ex-dividend, while hawkish remarks from Bank of England's Chief Economist Huw Pill weighed on the sentiment.

The blue-chip FTSE 100 index fell 0.5% but the midcap index logged 0.2% gains. Both the indexes marked their worst month since May.

Leading the losses, precious metal miners fell 2.3%. Gold miner Endeavour slipped 2.5% as the stock traded ex-dividend.

Industrial metal miners were down 0.7%, tracking lower copper prices after data showed China's manufacturing activity contracted for the fifth straight month in August.

"The China story is not a cleaned theme to the extent that the slower the data gets the more expectations build for a policy response," said Michael Metcalfe, head of macro strategy at State Street Global Markets.

Weighing further, Glencore dropped 2.5% after a media report said dozens of asset managers accused the miner of lying in past share prospectuses to cover up corrupt activities. Its shares were also trading ex-dividend.

Retailers climbed 0.9%, as it was confirmed on Wednesday that Marks & Spencer will rejoin Britain's FTSE 100 after a four-year hiatus. The stock was up 1.2%.

Online fashion seller Boohoo jumped 7.5% on British sportswear group Frasers raising its stake in the company, a regulatory filing showed.

British cyber-security company Darktrace added 2.6% after Jefferies raised its price target.

Financial trader CMC Markets was the bottom-performer on the mid-cap index, falling 7.7% after Jefferies cuts to "underperform" from "hold".

Meanwhile, BoE's Pill said the central bank will "see the job through" on bringing high inflation back down to its 2% target even if there is a risk that high interest rates hurt Britain's economy. (Reporting by Siddarth S and Khushi Singh in Bengaluru; Editing by Nivedita Bhattacharjee, Dhanya Ann Thoppil and David Evans)

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Endeavour Mining ousts CEO over 'serious misconduct'

Jan 5 (Reuters) - Endeavour Mining said on Thursday it had removed CEO Sebastien de Montessus with immediate effect, citing "serious misconduct".

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London close: Stocks finish red after US payrolls beat

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UK stocks log weekly losses, kicking off 2024 on grim note

Endeavour Mining drops on ousting CEO

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Endeavour Mining could become M&A target after CEO firing, says Berenberg

(Sharecast News) - Berenberg has maintained its 'buy' rating for Endeavour Mining despite the surprise sacking of its chief executive Sébastien de Montessus late on Thursday, saying that the gold miner could potentially be a takeover target.

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Endeavour Mining fires CEO de Montessus for 'serious misconduct'

(Sharecast News) - Endeavour Mining announced after the close of markets on Thursday that president and chief executive Sebastien de Montessus has been dismissed with immediate effect for "serious misconduct".

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