Oilfield services, mining and housebuilding stocks took the London market back into the green on Wednesday. At 15:18 BST, the FTSE 100 was trading at 6,966.21 up 0.47% or 32.41 points with housebuilders edging the blue chip index higher as they continued to benefit from buoyancy in the wider propert
Read more** MSCI rebalance on May 29 expected to generate $764 mln of net buying in European consumer discretionary stocks from passive index tracking funds due to changes on MSCI Europe index, according to Citi ** UK biggest beneficiary on a country level with an expected $744 mln of net buying
Read more** George Godber, manager of CF Miton UK Value Opportunities Fund, has increased exposure to homebuilders, notably Bellway , after Conservative Party election win ** Godber cites greater certainty on policy for homebuilders in UK & removal of threat of "mansion tax" which, he says, would ha
Read moreAfter a positive start, UK stocks dropped into the red by the close on Monday despite positive news emanating from Greece, which has come good on its debt repayment to the International Monetary Fund (IMF). The FTSE 100 retreated 0.24% to 7,029.85 by the end of the session, having risen as high as 7
Read moreSpikes in Royal Mail shares, food retail, mining and property companies provided market momentum on Monday, with the FTSE 100 trading marginally down. At 16:33 BST, the blue chip index was down 0.18% or 12.41 points at 7,034.41 points as shares in Royal Mail topped the risers after rival postal f
Read moreRoyal Mail topped the risers after rival postal firm Whistl revealed it has halted deliveries because private equity backer LDC had pulled out of funding to help expansion efforts. Whistl said it was reviewing the viability of its London, Manchester and Liverpool due to challenging market conditions
Read moreUK stocks extended gains on Monday with the Footsie once again nearing record highs, as mining stocks reacted positively to another rate cut in China. After surging 2.3% on Friday in the aftermath of the Conservative's election victory, the FTSE 100 was up a further 0.37% on Monday morning at 7,073.
Read moreBritish Gas owner Centrica topped the risers after Labour's defeat eliminated the possibility of an energy price freeze and tighter regulation, with SSE also making making substantial gains. Broker SocGen highlighted the opportinuty, noting utilities have underperformed the UK market by 9% and the E
Read more** Smith & Williamson fund manager Mark Swain trying to close a short position in Persimmon as housebuilders soar on Conservative Party surprise outright election win ** Swain, a co-manager of firm's long/short Enterprise fund is long Taylor Wimpey (TW) & Crest Nicholson (CN) but has been
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