LONDON MARKETS: FTSE 100 Slides, But Hangs On To Monthly Gain
29 Abril 2016 - 1:24PM
Dow Jones News
By Carla Mozee and Sara Sjolin, MarketWatch
Anglo American soars 38% in April
U.K. stocks dropped on Friday and wiped out a gain for the week,
with shares of British Airways's parent under pressure and
investors still assessing the impact of central bank inaction.
The FTSE 100 fell 1.3% to close at 6,241.89, ending 1.1% lower
for the week. For April, the London benchmark rose 1.1%, for a
third straight month of gains.
The blue-chips index on Thursday ended with a minor gain after
being rattled by a surprise decision from the Bank of Japan not to
launch new stimulus
(http://www.marketwatch.com/story/bank-of-japan-makes-you-feel-sorry-for-impotent-central-bankers-2016-04-28).
"Quickly recapping the month, it's been the miners that have
shone as commodity prices appear to be moving away from the dark
days seen at the start of the year and some stability is returning
to the market," said Tony Cross, market analyst at Trustnet Direct,
in a note.
Among best performing miners in April, shares of Anglo American
(AAL.LN) surged 38% during the month, while BHP Billiton PLC
(BLT.LN) (BHP.AU) (BHP.AU) jumped 19% and Rio Tinto PLC (RIO) (RIO)
(RIO) climbed 18%.
Movers: Weighing on the benchmark on Friday was International
Consolidated Airlines Group SA (IAG.LN)(IAG.LN). Shares lost 4.7%,
with their worst session since mid-February coming after the parent
of British Airways cut its growth plans
(http://www.marketwatch.com/story/iag-cuts-growth-plans-after-brussels-attacks-2016-04-29)
in the wake of the Brussels terror attacks in March.
"We believe the scope for positive revisions to fiscal year
guidance has been reduced. Given the apparent downside risk from
premium traffic softness and a more protracted recovery from the
Brussels attacks than expected, we would not be surprised to see
consensus slip," said Liberum analyst Gerald Khoo in a Friday
note.
Royal Bank of Scotland's (RBS.LN) first-quarter net loss nearly
doubled to GBP968 million ($1.41 billion)
(http://www.marketwatch.com/story/rbs-loss-nearly-doubles-on-12-billion-payment-2016-04-29)
on restructuring charges and a one-off GBP1.2 billion payment to
the U.K. government. Shares ended down 6.1%.
Read:Forget about weak European bank earnings -- Citi says it's
time to dive in
(http://www.marketwatch.com/story/forget-about-weak-european-bank-earnings----citi-says-its-time-to-dive-in-2016-04-29)
AstraZeneca PLC (AZN.LN) slipped 0.8%. The drugmaker, which
posted a drop in quarterly profit
(http://www.marketwatch.com/story/astrazeneca-investment-eats-into-profit-2016-04-29-54855248),
said cost-cutting should result in $1.1 billion in net savings.
Berkeley Holdings Group PLC (BKG.LN) was down 2.3%, adding to
Thursday's loss that followed a ratings downgrade by Credit
Suisse.
See:Credit Suisse turns bearish on London housing market
(http://www.marketwatch.com/story/brexit-fears-turn-credit-suisse-bearish-on-london-housing-market-2016-04-28)
Among the index's few advancers on Friday, Shire PLC
(SHPG)(SHPG) shot up 1.8% as the drugmaker's quarterly revenue and
earnings exceeded expectations
(http://www.marketwatch.com/story/shire-earnings-and-revenue-climb-in-first-quarter-2016-04-29).
(END) Dow Jones Newswires
April 29, 2016 12:09 ET (16:09 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
FTSE 100 (FTSE:UKX)
Gráfico Histórico do Índice
De Mar 2024 até Abr 2024
FTSE 100 (FTSE:UKX)
Gráfico Histórico do Índice
De Abr 2023 até Abr 2024