2016’s best and worst FTSE sectors revealed
New data from Financial Express Analytics reveals a stunning year for miners and oil companies and persistent trouble for telecoms and retailers.
Mining
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Are ESG funds doomed to fail under Trump?
President-elect Donald Trump might not be all bad for funds that make impactful investments in clean energy, technology or innovative pharmaceuticals, says AXA Investment Managers global head of responsible investment Matt Christensen.
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US job growth sluggish pre-election but unemployment rate budges
Friday’s non-farm payroll release was a mixed bag but analysts were encouraged by the drop in unemployment levels.
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Glencore shares slide despite debt plan upgrade
Shares in mining company Glencore slid by 5.5% to 179.4p on Wednesday morning despite the company’s attempts to reassure investors it has a plan to tackle its large debt pile.
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Rio maintains “boring is the new exciting” mantra`
Tinto’s underlying earnings slumped 47% in the six months to end June 2016.
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Rio Tinto shares slide as FTSE falls
Rio Tinto’s shares have fallen sharply on the release of a lacklustre set of results.
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Market watchful as miners continue to cut to the quick
Oil prices may have rebounded somewhat on Friday as bargain-hunters stepped in after sharp falls earlier in the week, but commodity producers woes continued to mount as Moody’s released a slew of downbeat announcements.
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PA ANALYSIS: Black Friday descends on miners, but is it time to buy?
Black Friday sale mania seemed to have filtered through to stock markets on Friday with large swathes of the global market down on the day.
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PA ANALYSIS: Is Glencore’s dividend cut more than just a flash in a pan?
Generally speaking, when a company announces plans to cut its dividend, sell assets and raise equity, it is not followed by a 10% spike in its share price.
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PA ANALYSIS: Is the Megacap M&A season heading south already?
BHP Billiton’s spin off and listing of South32 fell rather flat on Monday, as its shares traded at the lower end of analyst expectations, giving the newly minted firm a market cap around $8.7bn.
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Many managers still avoid drinking commodities Kool-Aid
Failure to heed the earnings versus cash dichotomy is making mining companies an unappetising prospect for money managers, according to industry experts.
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Mining resurgence could drive FTSE
The FTSE 100 could be driven well beyond last weeks record high if a resurgence of the mining sector takes hold, said Brooks MacDonalds investment team director Jonathan Webster-Smith.
