News

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

More falls for Footsie as the bad news keeps coming in

The FTSE 100 index responded to another drop on wall Street with an early fall today, and this time it was the miners as well as the beaten down stocks that led the way down. Lonmin, Ferrexpro, Xstrata and Kazakhmys were all fallers, as was BHP Billiton despite it receiving partial US anti-trust clearance to go ahead with its bid for rival miner Rio Tinto.

3rd July – Bear market in full swing as Footsie approached major support

27th June – Big falls around the world spill over into London We saw almost a perfect storm of bad news yesterday for investors which caused big falls around the world’s markets. This has continued today, with the FTSE 100 index down 30 points mid-morning as banks continue to be sold off, oil prices having hit new highs at $142 a barrel and more downbeat economic news both in the US and over here. Oil stocks naturally dominate the risers with Cairn Energy up 5%, with Tullow and BG Group also strong. Miners have also resisted the falls elsewhere after a big rise in metals overnight.

Carnage in the housebuilders and retailers on more bad news

There was major volatility today as defensive stocks pushed the FTSE 100 index higher but a raft of bad news sent retailers and builders down again.

Footsie reverses after yesterday’s big rise

There was a glimmer of hope for the bulls yesterday as the FTSE 100 index powered to almost a triple digit gain, but the bears are back in control today. Mid-morning the index is down 67 points after another raft of downbeat news on the UK housing market, which is seeing the biggest falls for sixteen years.