FTSE gains held back by miners and RSA’s woes – London Report

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first_imgTuesday 22 September 2015 6:00 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comTaco RelishKate & Meghan Are Very Different Mothers, These Photos Prove ItTaco RelishLearn It WiseAfter Losing 70lbs Susan Boyle Is So Skinny Now She Looks Like A ModelLearn It WiseDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionTotal PastThis Was Found Hiding In An Oil Painting – Take A Closer LookTotal PastInteresticleMan Finds Wierd Cave In Scottsdale, Enters And Drops To His KneesInteresticle Share Show Comments ▼ TOP UK shares gained yesterday but under­performed a stronger rally across Europe, after takeover talks for insurer RSA fell through and mining stocks suffered another bout of selling.The FTSE 100 was up 0.1 per cent at 6,108.71 points at its close after falling in the previous two sessions. Pan-European equities were up 1.1 per cent.Mining and commodities stocks Glencore, Anglo American and Antofagasta fell by two to 5.6 per cent. The UK FTSE 100 index is exposed to the sector, which has been hit by turmoil in emerging markets, a sell-off in commodities and US dollar strength.“Even though a lot of people are looking at the miners… and saying: ‘Is there any opportunity to get back in?’, to us it’s still a sector to stay away for now,” said Matthew Brennan, UK company analyst at Brown Shipley.RSA Insurance plunged 20.8 per cent after Zurich Insurance Group abandoned its proposed £5.6bn bid for the British company.“What you are likely to see is consolidation in the sector,” said Brown Shipley’s Brennan. “If RSA isn’t involved in that, then obviously you could see margins squeezed.”Shire led UK shares higher earlier in the trading session, rising one per cent and on track for its biggest one-day move this month.The company has won European approval for its Intuniv tablets as a non-stimulant treatment for attention deficit hyperactivity disorder, or ADHD, in children and adolescents.“Continued progress by Shire in ADHD keeps it ahead of the game to develop the next preferred treatment, to help it recapture lost market share to what is inevitable generic competition over time,” said Mike van Dulken, head of research at Accendo Markets.Valve-control systems maker Rotork fell six per cent, breaching its three-and-a-half-year low after several brokerage downgrades. Last week, the company issued a profit warning due to project deferrals and cancellations.“Order intake is the key lead variable for Rotork but order visibility is low, timings of orders are seeing heightened uncertainty and when they are received they are with extended delivery times,” analysts at Credit Suisse said in a note. Express KCS whatsapp FTSE gains held back by miners and RSA’s woes – London Report whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comlast_img

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