FTSE 100 Movers: Randgold shines again
29th Nov 2011 15:20
Randgold Resources was the top performer, rising over 5%, climbing its way back after yesterday's fall. On Monday, the firm cut its production forecast for the year after running into a number of difficulties at its Tongon mine in Côte d'Ivoire. The firm said that it now expects group production for
Read moreMonday newspaper round up: CIC, bank funding gap, NHS
28th Nov 2011 07:17
The FT leads with the news that China's sovereign wealth fund, the China Investment Corporation is ready to invest in infrastructure projects in the UK. This investment is being announced a few days before the Chancellor, George Osborne's, Autumn statement in which he is expected to prioritise infra
Read moreLondon pre-open: Bright start to the week in prospect
28th Nov 2011 07:13
Having finally ended a nine-day losing streak on Friday Footsie looks set to keep the winning habit this morning, with City sources predicting the FTSE 100 will open up 64 points from yesterday's close of 5,165. There are to be changes at the top of mining colossus BHP Billiton. Alex Vanselow, Gro
Read moreLondon open: Thomas Cook, Dixons jump higher
24th Nov 2011 08:34
The Footsie was trading broadly flat early on, swinging between small gains and losses in the opening minutes. Weighing on sentiment was a poll by Reuters/Ipsos MORI which showed that the majority of Britons (58%) believe the economy will get worse over the next year. That is the highest figure sin
Read moreLondon close: German bond auction response unnerves investors
23rd Nov 2011 17:05
After an uneventful morning session that came as a relief after the turbulent events of recent days, shares turtned sharply lower in the afternoon session, as US markets took a bath. The results of this morning's German bond auction set nerves a-jangling. Germany issued €3.644bn in 10-year bonds
Read moreLondon midday: Reassuringly dull morning session
23rd Nov 2011 12:01
It has been a comfortingly dull morning session in London after all the excitement of recent weeks, though there is no sign of Footsie bringing an end to its losing streak, though its cause is not helped by the index constituents Man, Next and Standard Life trading in ex-dividend form. MINERS HEAD
Read moreLondon open: Chinese data weighs on stocks
23rd Nov 2011 08:31
The Footsie fell below the 5,200 level early on, as some gloomy data from China dampened the mood. Weighing on sentiment today is the poor data out from China, which showed factory activity levels dropping to their lowest in 32 months. The HSBC flash manufacturing purchasing managers' index (PMI),
Read moreAnglo-American sees first production from expanded Chile mine
23rd Nov 2011 07:34
Anglo-American, the FTSE 100 mining company, has completed the first copper production from the huge expansion project at its Los Bronces mine in central Chile. The expansion of Los Bronces is expected to more than double the mine's existing production of 221,000 tonnes per year. Anglo-American's
Read moreLondon open: London recovers but Thomas Cook plummets
22nd Nov 2011 08:36
The Footsie opened moderately higher on Tuesday, following yesterdays mass sell-off which saw most major benchmarks across the globe losing around 2% of their value. However, likely to limit gains today is last night's confirmation by US bipartisan 'supercommittee' that they have not agreed on a pl
Read moreBuyBuy for TalkTalk non-exec
21st Nov 2011 12:27
A non-executive director of both broadband provider TalkTalk and mobile phone seller Carphone Warehouse has made a double purchase, phoning in orders for shares in both firms. John Allwood bought 10,000 shares at 134.80p for a total of £13,480 in TalkTalk, and 3,500 shares at 311.00p in Carphone Wa
Read moreLondon close: Footsie finishes down 3.28% on the week
18th Nov 2011 16:23
In quite a volatile trading session, the Footsie finished over 1% lower on Friday. For the week, the top share index closed down 3.28% on last Friday's close of 5,545, after a steady five-day fall on the back of a lack of progress in Eurozone. UK-GERMAN MEETING, DRAGHI EXPRESSES CONCERNS Britain'
Read moreLondon midday: Five-day fall for Footsie
18th Nov 2011 11:57
With Eurozone troubles continuing to provide a drag, the Footsie had tumbled 1% by midday on Friday to 5,366, an intraday level not seen since last Thursday. This is now the fifth consecutive day of falls for London's blue chip index, which has steadily declined from last Friday's closing price of 5
Read moreWednesday broker round-up - UPDATE
16th Nov 2011 09:44
Michael Page: HSBC upgrades to overweight from neutral. Reckitt Banckiser: Citi reiterates buy. Cairn Energy: Societe Generale initiates at buy. Royal Bank of Scotland: AlphaValue downgraded to add from buy yesterday and lowered the price target to £24.60from £29.80. ARM Holdings: UBS raises t
Read moreBroker snap: Citi sees Anglo American's sale as a 'positive move'
10th Nov 2011 16:10
Citi has reiterated its buy rating for mining titan Anglo American saying that today's sale of a chunk of its Chilean assets is a "positive move". The company revealed on Thursday that it has sold off a 24.5% stake in its Chilean copper business, Anglo American Sur (AAS), for a reported $5.39bn to
Read moreFTSE 100 Movers: Experian rises as Vedanta falls
10th Nov 2011 14:08
Leading the way north was Experian, the credit reference and anti-fraud company, after it hiked its interim dividend by 14% after a strong financial performance in the first half of its financial year. Revenues of $2.3bn were up 15% on 2010's figure of $2.0bn. On a constant exchange rates (CER) ba
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