News

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

Early bargain hunting again hits a wall in London

After the barrage of negative press comment over the weekend, there were signs of some early value hunting in London, but once again sellers appeared into any strength. By mid-morning, the FTSE 100 index was up fifteen points, and the miners were generally the main winners on healthy commodity prices and M&A talk.

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.

Signs of sector rotation as Footsie falls back on Fed decision

Last night’s US pullback following the unchanged rates decision by the Federal Reserve saw shares in London opening lower and by mid-morning the index was down 35 points. Of more interest though was a sharp rise in many beaten down stocks including retailers, pub companies and banks, and with the miners shoeing weakness it suggests a potential bout of sector rotation which may be worth following.

Better news from the bank sector spurs on Footsie

For a change the relentless tide of bad news in the bank sector gave way to relief today as Barclays confirmed it planned to raise £4.5bn at only a modest discount to the current share price.