London midday: Stocks flat in Draghi aftermath
27th Jul 2012 11:37
- Markets still digesting Draghi's comments - Barclays leads the risers on the Footsie after first-half beat - 'Fiscal-cliff' worries weigh on sentiment London's stocks swung between gains and losses on Friday morning and were trading broadly flat by lunchtime, as investors continue to ponder over
Read moreLondon open: Stocks edge higher, Barclays in demand
27th Jul 2012 09:00
- Peripheral bond yields ease - Markets still digesting Draghi comments - Barclays up after first-half beat The Footsie edged higher in early trading on Friday with Barclays providing a lift after its interim results. Markets were still reacting to yesterday's comments by Mario Draghi, who said tha
Read moreLegal challenges delay Anglo American's progress in Brazil - UPDATE
27th Jul 2012 07:53
First half profits plunged at Anglo American but that did not stop the mining colossus from bumping up the interim dividend. Profit before tax in the six months to the end of June more than halved to $2,942m from $6,571m the year before, while earnings before interest, tax, depreciation and amortis
Read moreAnglo American spends big in Mozambique
24th Jul 2012 09:59
Anglo-American, the FTSE 100 mining giant, is to spend over half a billion dollars on a coal project in Mozambique. Its purchase of a 58.9% stake in the Revuboè metallurgical coal operation will cost a total of $555m, the seller is the Talbot Estate. The Revuboè project is a joint venture partners
Read moreLondon midday: Footsie drops nearly 100 points on euro fears
23rd Jul 2012 11:42
- Spanish and Greek concerns weigh on stocks - Spanish yields continue to soar - Chinese policy-maker warns of slowing growth Concerns about Spain's financial health and renewed speculation about a Greek exit from the Eurozone sank European markets on Monday morning, prompting US stock futures to t
Read moreLondon open: Markets drop on Eurozone debt concerns
23rd Jul 2012 08:25
- Banks and miners dent the Footsie - Eurozone concerns dampen sentiment - Spanish 10-year bond yield at 7.556 per cent European stocks dropped sharply on Monday morning as concerns about the Eurozone debt crisis provoked fear on equity markets. London's Footsie lost 1.5% of its value in the openi
Read moreLondon close: Time to cut the Gordian knot?
20th Jul 2012 17:07
- Spanish bond yields soar - Sicily´s non-collected receivables rise to EUR 15.7bn - Valencia asks Madrid for help - Resolution leads the Footsie lower Equity markets across Europe tanked on Friday afternoon, presumably on the back of concerns over Spain's financial health, with capital markets in
Read moreLondon midday: Rising Spanish bond yields dampen stocks
20th Jul 2012 11:37
- Footsie pulls back after hitting two-month high - UK borrowing, Spanish bond yields weigh on sentiment - Resolution tanks after cancelling capital return European markets were trading moderately lower on Friday morning, pulling back after a strong performance on the week so far. In London, sentim
Read moreLondon open: Footsie pulls back as Resolution tanks
20th Jul 2012 08:43
- Resolution drops after cancelling capital return - Footsie edges back from two-month high - Eurogroup to discuss Spanish assistance The FTSE 100 opened firmly in the red on Friday morning, tracking US and Asian markets lower overnight; Resolution and Vodafone were among the worst performers in Lo
Read moreLondon pre-open: Asian stocks to drag FTSE lower
20th Jul 2012 07:34
City sources predict the FTSE 100 will open down 13 points from yesterday's close of 5,714, tracking declines seen in Asian stocks after the Chinese government announced that it wants local authorities to keep property price control policies tight. A third set of gains in the US is not thought to be
Read moreAnglo American sees solid output growth in Q2
20th Jul 2012 07:20
Anglo American, one of the largest mining companies in the world, saw volume growth across most of its portfolio in the second quarter, with the exception of platinum and diamond production. "Successful project execution and asset optimisation delivered volume growth in iron ore, metallurgical coa
Read moreFriday broker round-up
13th Jul 2012 09:11
Aegis: Exane BNP Paribas downgrades to neutral, target upped from 220p to 240p; UBS downgrades to neutral, target upped from 195p to 240p; HSBC downgrades to underweight, target upped from 180p to 240p. Anglo American: Liberum Capital downgrades to hold. Ashmore: Singer Capital Markets downgrades
Read moreLondon pre-open: Chinese GDP boosts FTSE
13th Jul 2012 07:38
City sources predict the FTSE 100 will open up 28 points from yesterday's close of 5,608, gaining recently lost ground after China's latest GDP figure came in above expectations at 7.6 per cent (Q1: 8.1), pleasing investors despite the decline. Latin America continues to be the engine of growth at
Read moreAnglo American and Codelco extend talks again
13th Jul 2012 07:21
Mining firms Anglo American and Codelco have agreed to extends talks for a second time over the disputed ownership of Anglo American Sur. Global mining giant Anglo and Chilean copper miner Codelco both requested the continued suspension of their legal proceedings until August 24th, 2012 at the 14t
Read moreLondon close: Stocks slide ahead of Chinese growth data
12th Jul 2012 16:31
- All eyes on Chinese GDP data tomorrow - FOMC minutes disappoint as they fail to hint at QE3 - Aegis rockets after Dentsu offer; miners tank The FTSE 100 finished around 1% lower on Thursday afternoon with the mining sector bearing the brunt of concerns over the global economy ahead of some highly
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