London midday: Eurozone strife rattles markets
26th Sep 2012 11:52
Stocks spent the morning session stuck in reverse gear, with civil unrest in Spain and Greece setting investors' nerves on edge. Yesterday saw anti-austerity protests in Madrid while today will see a 24-hour strike in Greece in protest at spending cuts. Mining stocks are getting hammered on concer
Read moreLondon close: Miners hit as no sign of gear-change in China
24th Sep 2012 16:41
After reaching a nadir at midday, equities pared losses in the afternoon session, with defensive stocks enjoying a bit of support. The morning had been characterised by gloom over China's economy and differences of opinion among the heavy hitters in the Eurozone. Chinese central-bank advisor Song
Read moreMonday broker round-up:
24th Sep 2012 16:40
Anglo American: Bank of America downgrades to neutral. Aberdeen Asset Management: Peel Hunt raises target to 350p from 300p, reiterates buy. Dairy Crest: Shore Capital downgrades to hold. Diploma: Panmure Gordon reiterates buy, takes target up to 500p from 440p. Filtronic: Panmure Gordon reit
Read moreFTSE 100 movers: Miners drag index lower
24th Sep 2012 13:02
Miners were leading the fallers by the afternoon, following a call from analysts at JP Morgan to take profits in the sector because stalling economic growth in the US and more significantly in China, are expected to offset the US Fed´s third round of asset purchases. JP Morgan analysts have specific
Read moreLondon open: Bumi battered by concerns at subsidiary
24th Sep 2012 08:39
London has started the week on a dull note, with renewed concerns over the single currency region weighing on sentiment following France and Germany's failure to agree a schedule for initiating shared oversight of the region banking sector. Bumi plummets Mining giant Bumi said it was investigatin
Read moreLondon pre-open: Firm drop forecast for FTSE
24th Sep 2012 07:24
City sources predict the FTSE 100 will open down 47 points from Friday's close of 5,853, weighed down by broadly lower trading in Asia, which has been affected by concerns over the Eurozone. There have been renewed concerns over the single currency region following France and Germany's failure to
Read moreSector movers: Miners man the barricades
20th Sep 2012 16:33
Mining stocks were under the cosh after data released overnight in China revealed that manufacturing activity in the People's Republic had contracted for the eleventh month in succession. China´s manufacturing sector Purchasing Manufacturers' Index (PMI) for the month of September came in at 47.8 o
Read moreLondon close: Losses pared but miners are hit hard
20th Sep 2012 16:31
Losses were pared in the final 90 minutes of trading in London on a day when investors fretted about a slow-down in the global economy. Disappointing Chinese manufacturing data was released overnight, and the news was not good. China´s manufacturing sector Purchasing Manufacturers' Index (PMI) for
Read moreFTSE 100 movers: BSkyB rises on Ofcom announcement
20th Sep 2012 15:12
BSkyB rose after Ofcom announced that it believes the company "remains a fit and proper holder of its broadcasting licences". Commenting on the news analysts at Nomura are of the following opinion: "Ofcom does not demand James Murdoch be removed from the board, but leaves this question up to the oth
Read moreAmplats reports poor attendance levels at re-opened mines
20th Sep 2012 13:41
Mining giant Anglo American Platinum (Amplats) has reported poor attendance at its Rustenburg process operations since it re-opened on Tuesday following a temporary halt to operations amid a wave of labour unrest that has hit the mining industry in South Africa in recent weeks. The firm announced
Read moreThursday tips round-up: Anglo American, Apple
20th Sep 2012 07:11
Anglo American shares have been pummelled by miners' protests in South Africa and a fall in commodity prices. Risks associated with the country have increased spectacularly but a substantial amount of gloom was already priced in. Anglo produces iron ore, manganese, metallurgical and thermal coal, as
Read moreLondon close: South African miners rally, even as QE3 is stifled
17th Sep 2012 17:04
Footsie finished the day below 5900, having traded in a narrow range spanning from 5,883 to 5,916, as worries about Chinese growth weighed on investors' minds. Last week London enjoyed a good run on the back of apparent enthusiasm of central banks worldwide to give the global economy a leg-up, but
Read moreLondon midday: China worries weigh
17th Sep 2012 11:47
China is weighing on UK investors' minds as speculation mounts that the Chinese authorities might not spring into action to juice up the world's second largest economy as quickly as previously thought. Adding weight to that view is the decision by economists at Citigroup to cut their forecast for
Read moreRustenburg mines crank back into action after police crackdown
17th Sep 2012 10:38
Mining operations have, as expected, resumed at Aquarius Platinum's Kroondal platinum mine, located near Rustenburg in South Africa, where tensions have been running high as a result of violent labour disputes. Aquarius temporarily suspended mining operations on the afternoon of Friday, 14th Septem
Read moreLondon open: Footsie dips below 5900, as China worries simmer
17th Sep 2012 08:23
UK stocks have opened on the back foot with traders agitating over possible delays to the Eurozone´s plans for a banking union, as Germany calls for a more measured approach and a slower pace. Also weighing on sentiment is market chatter pointing to the possibility of a slower policy response from
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