London open: BP leads the rise, Footsie above 5,500
17th Oct 2011 08:34
The Footsie jumped above the 5,500 mark in the opening minutes, a level not seen since early August, on the back of hopes that Eurozone leaders are working hard to solve the region's debt crisis. STOCKS UP ON EUROZONE HOPES Following the weekend meeting of G20 leaders in Paris, the markets will no
Read moreRio Tinto to can 13 aluminium assets
17th Oct 2011 07:37
It may be Autumn but mining colossus Rio Tinto is performing a touch of Spring cleaning, with a reorganisation of its Aluminium product group that will include the sale of 13 assets at some point in the future. After performing a strategic review, Rio Tinto has decided to put its interests in six A
Read moreLondon pre-open: BP and Anadarko reach agreement
17th Oct 2011 07:19
London looks set to start the week on the front foot, with City sources predicting a near 50 point rise at the outset. Integrated oil giant BP has reached agreement with Anadarko Petroleum to settle all claims between the companies related to the Deepwater Horizon accident. Anadarko, which had a 25
Read moreLondon close: Banks drag market lower after Fitch downgrade
13th Oct 2011 16:34
A late rally drove the Footsie back above the 5,400 mark, but the blue chip index still finished 0.71% down after Fitch dampened sentiment in the banking sector. Not helping the mood was the International Monetary Fund (IMF) which lowered its growth forecasts for Asia for this year and next. The re
Read moreUPDATE: Thursday broker round-up
13th Oct 2011 09:42
Logica: RBS raises target from 110p to 115p and keeps buy rating. F&C Asset Management: RBS cuts target from 72p to 65p, hold rating maintained. Henderson: RBS scales back target from 183p to 170p, but keeps buy recommendation. Anglo American: Credit Suisse maintains neutral rating and 3,500p tar
Read moreRio Tinto going flat out
13th Oct 2011 07:31
Mining behemoth Rio Tinto set new quarterly records for iron ore sales and hard coking coal production in the third quarter, as Mother Nature eased up on the firm's mining operations. "Whilst we are mindful of current market volatility, the fundamentals are holding up well, particularly for bulk-tr
Read moreThursday preview: Rio Tinto, Ladbrokes
12th Oct 2011 16:11
Mining titan Rio Tinto is set to reveal its third quarter production numbers on Thursday, where the focus will be on the group's two big money earners: iron ore and copper. Credit Suisse is forecasting Rio's share of iron ore production at its mines all over the world will be 49.6m tonnes, while th
Read moreFTSE 100 Movers: ARM Holdings leading the way
10th Oct 2011 13:49
ARM Holdings sits atop the leader board after RBS reiterated its "buy" status, a view contradicted by JPMorgan, who have set a 220 target share price for the firm, with the recommendation that clients be underweight in the stock. Imperial Tobacco was down as investors sold off typically safe stock
Read moreLondon midday: Footsie up 2% as BoE injects more money
6th Oct 2011 12:07
The Footsie has held onto gains following the Bank of England's surprise move to increase its asset purchase programme by a bigger-than-expected £75bn. In an announcement at midday, the central bank revealed that it has maintained its key Bank Rate at the historically low level of 0.5%, but raised
Read moreLondon open: Miners in demand ahead of rate decisions
6th Oct 2011 08:35
Strong gains were made on the Footsie in early trade as investors await key policy rate decisions from the Bank of England (BoE) and the European Central Bank (ECB). Meanwhile, the market extended Wednesday's gains on hopes that the European Union is planning for a co-ordinated recapitalisation of
Read moreLondon close: Footsie jumps over 3% to finish above 5,100
5th Oct 2011 16:37
The Footsie finished near its intraday highs, as it jumped back towards the 5,100 level, after a modest start on Wall Street. Global sentiment was lifted last night after on the back of comments from the European commissioner for economic and monetary affairs. In an interview with the Financial Ti
Read moreFTSE 100 Movers: Miners leading the way
5th Oct 2011 16:10
Mining companies - sensitive to swings in the global economic outlook - were heading north after markets were buoyed by the news that European Union finance ministers agreed on a plan for the co-ordinated recapitalistion of finance institutions. Xstrata, Vedanta Resources, Kazakhmys, Rio Tinto and
Read moreLondon midday: Retailers in focus, markets shrug off Italian downgrade
5th Oct 2011 12:09
Outweighing concerns over Italy's credit rating were hopes that the Europe will strengthen its struggling banks as stock markets across the continent extended their gains at lunchtime on Wednesday. In London, the Footsie was trading well over 2% higher, following on from a dramatic rally on Wall St
Read moreLondon open: Footsie jumps back above 5,000, retailers mixed
5th Oct 2011 08:37
The Footsie has clawed its way back over the 5,000 level on Wednesday morning, with just four stocks registering losses, following on from a dramatic rally on Wall Street late Tuesday night. Driving the bull market in the last hour in the US - which saw the Dow swing 400 points - were reports from
Read moreLondon midday: Stocks off intraday lows after manufacturing data
3rd Oct 2011 12:13
While losses have been trimmed since the open, Greek deficit fears continued to weigh on stocks at midday, with the banking peers Standard Chartered, Barclays and Royal Bank of Scotland among the heaviest fallers. Banks across Europe joined in with the sell-off, with French lenders BNP Paribas and
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