MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


FTSE slips on lower oil prices

StockMarketWire.com

Weaker commodity prices weighed on miners and oil majors, dragging the FTSE 100 lower by 0.5% to 7,228 around midday.

BP (BP.) slid 1.6% to 496.1p and Royal Dutch Shell (RDSB) lost 0.9% to £24.10.

The wane in oil prices followed a dialling down of tensions over the geo-political situation in Syria. Brent crude oil fell 1.2% to $71.72 per barrel.

Miner Fresnillo (FRES) declined 1.5% to £12.65 and Randgold Resources (RRS) retreated 1.1% to £57.20.

MID AND LARGE CAP RISERS AND FALLERS

Shares in Costa Coffee and Premier Inn owner Whitbread (WTB) frothed 6.7% higher to £41.97 after activist investor Elliott Advisors became the largest investor in the company. According to reports, Elliott is seeking a spin-off of Costa.

Advertising colossus WPP (WPP) fell 6.1% to £11.15 as investors reacted to the resignation of chief executive Martin Sorrell, who had been subject to a misconduct probe.

Rare diseases specialist Shire (SHP) was up 1.3% at £36.53 after agreeing to sell its oncology business to French rival Servier for $2.4bn amid a potential takeover approach from Takeda.

Polymetal (POLY) announced it will receive 85% of copper-gold East Tarutin deposit licence holder Tarutinskoye in return for 100% of Polymetal's licence holder Vostochny Basis of the copper-gold Tarutin deposit. Its shares dropped 6.7% to 630.4p.

SMALL CAP RISERS AND FALLERS

Orosur Mining (OMI) revealed lower production in its third quarter following a change in approach to its Uruguay gold project, dragging the shares 13.4% lower to 5.5p.

Story provided by StockMarketWire.com