News

Blue Index News and Press Releases. Please visit this page often for regular updates regarding Blue Index as an organisation.

Miners and oils once again lead a steady market

Once again the oil and mining sectors have been in the forefront of a good start in London, with the FTSE 100 index slightly off the top with a rise of 20 points early on. Although Kazakhmys and BHP Billiton are towards the top of the list with a 2% rise, the mid-morning leader was Tate & Lyle after being upgraded by Credit Suisse to 'outperform' from 'neutral' with a raised target of 640p from 630p.

Steady start with miners strong ahead of US jobs figure

Shares in London got off to a good start this morning with another strong performance in the mining sector on renewed takeover hopes. The rest of the market was fairly quiet ahead of today’s important US payrolls figure due at lunchtime.

Early pullback ahead of lunchtime MPC interest rate decision

After an early rally, shares in London drifted back this morning ahead of the MPC’s interest rate decision due at midday, and the expectation was of a rise to 5.75%. There were no great moves early on, although Vodafone was down around 1% after reports that O2 had won the deal to sell Apple’s iPhones in the UK.

Positive week in the UK despite uncertainty on interest rates

29th June – UK shares slip back after explosive device found in London After an early rally, shares in London drifted back on unfolding news of a bomb planted in the centre of the capital. One area that was already weak was property, where the sector was hit after HSBC cut its price target on Land Securities to 2000p from 2240p. It also lowered its view on Segro , formerly Slough Estates, to 'underweight' from 'neutral' with a reduction in that company’s target to 625p from 840p as part of a review of the sector.