Iron ore and coal output up at Anglo American
26th Jan 2012 07:09
Mining giant Anglo American's diggers were working overtime in the final quarter of 2011, with iron ore and coal production both higher year-on-year. Iron ore production, at 12.43m tonnes, was 5% higher than in the fourth quarter of 2010 and was 2% higher than the preceding quarter's output. The g
Read moreLondon open: Footsie flat despite euro optimism
19th Jan 2012 08:22
The FTSE 100 opened flat on Thursday morning, following gains made yesterday after the news that the International Monetary Fund (IMF) is boosting its lending capacity by at least $500bn. Lifting sentiment was a source from the Greek finance ministry, who told French news agency Agence France-Pre
Read morePearson boss stocks up
5th Jan 2012 15:48
Marjorie Scardino, Chief Executive of Financial Times publisher Pearson, has marked her fifteenth anniversary in the role with the purchase of 374 American Depository Receipts (ADRs). ADRs represent the ownership of shares in a non-US company. The purchase was made as part the firm's employee stock
Read moreLondon close: Footsie zeros in on 5700
3rd Jan 2012 17:06
After a moderately buoyant morning session, UK shares raced ahead in the afternoon, encouraged by a very strong showing on Wall Street. The mineral extractors blazed the trail after moderately encouraging manufacturing data from China. China's official purchasing managers' index (PMI) rose to 50.3
Read moreFTSE 100 Movers: Miners send Footsie flying
3rd Jan 2012 14:49
Miners were charging higher with Kazakhmys leading the way, followed closely by BHP Billiton and Rio Tinto. The rise came on the back of moderately encouraging manufacturing data from China. China's official purchasing managers' index (PMI) rose to 50.3 in December from 49 in November; a value above
Read moreLondon midday: Resource stocks lead the way
3rd Jan 2012 12:08
A number of European markets were open yesterday and notched up good gains, so London has been playing catch-up this morning. The mineral extractors are leading the advance after moderately encouraging manufacturing data from China. China's official purchasing managers' index (PMI) rose to 50.3 in
Read moreSector movers: London races to catch up with Europe
3rd Jan 2012 09:59
The mineral extractors have got off to a good start after moderately encouraging manufacturing data from China. China's official purchasing managers' index (PMI) rose to 50.3 in December from 49 in November; a value above 50 indicates an expansion in business activity. Anglo American is among thos
Read moreLondon open: Chinese manufacturing boost for miners
3rd Jan 2012 08:31
A survey of ten leading market commentators by a national newspaper revealed that only one pundit was expecting Footsie to end 2012 below the level it started at, and although it is a marathon not a sprint, the year has at least got off to a good start, with the blue-chip index racing ahead, paced b
Read moreAnglo-American readies for copper war in Chile
3rd Jan 2012 07:09
A bitter legal battle appears to be brewing between FTSE 100 mining firm Anglo American and the Chilean, state-owned copper miner Codelco. Anglo says it has received a letter from Codelco seeking to exercise an option to buy a 49% stake in Anglo American Sur, a huge copper mining plant in Chile tha
Read moreLondon pre-open: New Year off to a good start
3rd Jan 2012 06:57
London's leading stocks are set to get the year off to a strong start with City sources predicting the FTSE 100 will open up 101 points from the previous close of 5,572. A bitter legal battle appears to be brewing between FTSE 100 mining firm Anglo American and the Chilean, state-owned copper mine
Read moreTuesday newspaper round-up: FTSE 100, BRICs, Next, Recession
3rd Jan 2012 06:16
The FTSE 100 will shrug off the continuing economic malaise to rebound by almost 8% in 2012, according to the average forecasts of ten leading market commentators surveyed by The Times. Such gains, expected to be driven by investors' appetite for undervalued stocks and international exposure, would
Read moreLondon open: Flat start after S&P warning
6th Dec 2011 08:23
UK stocks opened flat on Tuesday morning as yesterday's optimism surrounding the key Merkel-Sarkozy meeting and an upcoming EU summit was outweighed by some worrying comments from Standard & Poor's (S&P). S&P WARNS OF MASS EUROZONE DOWNGRADE Reports of a impending credit rating agency action on th
Read moreLondon pre-open: Stocks seen lower as S&P spreads fear
6th Dec 2011 07:23
UK stocks are set for a sharp fall on Tuesday morning, according to city sources, tracking Asian indices lower as a warning from Standard & Poor's rattled sentiment overnight. The ratings agency said that several Eurozone countries have been put on credit watch negative as a result of deepening eco
Read moreAnglo American splashes $1.7bn on new mine
6th Dec 2011 07:22
Mining giant Anglo American is to invest $1.7bn in a Queensland site in a bid to triple production of metallurgical coal from its Australian assets by 2020. The company hopes its Grosvenor coal project in the Bowen Basin of Queensland, Australia, will yield 5m tonnes of minerals per annum over a 26
Read moreLondon close: Footsie nudges higher, Ecofin meeting eyed
29th Nov 2011 16:37
The FTSE 100 nudged higher in afternoon trading after swinging between gains and losses all day, as some better-than-expected US economic data boosted equities stateside. Lifting sentiment late on was the Conference Board's consumer confidence index which rose from a revised 40.9 in October to 56 t
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