London close: Miners, banks lead the surge
30th Aug 2011 16:32
The FTSE 100 traded higher on Tuesday, following through on this morning's impressive start, as the index attempted to play catch-up after missing out on yesterday's rally due to the Bank Holiday. Royal Bank of Scotland led the risers on the blue chip index after Deutsche Bank upped its rating for
Read moreSunday newspapers round-up: Anglo American, Foster's, QinetiQ ...
21st Aug 2011 16:36
London-based mining giant Anglo American is to gatecrash the £3bn takeover battle for the Australian coal miner Macarthur, a move that will put it on a collision course with Lakshmi Mittal, the steel tycoon, reports the Sunday Times. Arcelor Mittal, the world's largest steel maker ? run by Lakshmi M
Read moreLondon midday: More losses amid global worries
18th Aug 2011 12:03
London's leading share index is nursing heavy losses now, with global worries over economic growth continuing to hurt sentiment. Miners are among the worst performers, with Kazakhmys, Vedanta and Rio Tinto deep in the red. FTSE 100 mining giants Anglo American, BHP Billiton and Xstrata also fall d
Read moreLondon open: Miners drag Footsie below 5,300
18th Aug 2011 08:34
Just five stocks were making gains at 8.35am on Wednesday, as the blue chip index opened below the 5,300 level. The miners were among the worst performers, with Kazakhmys, Vedanta and Rio Tinto among the heaviest fallers, partially offsetting the gains made yesterday. FTSE 100 mining giants Anglo
Read moreLondon pre-open: Downward trend to continue
18th Aug 2011 07:32
Stocks are set to open lower with City traders predicting the blue-chip index will open some 60 points down from last night's close of 5,332. FTSE 100 mining giants Anglo American and Xstrata have announced that a coal mine in Colombia, in which they own a 33.3% interest each, has received approval
Read moreAnglo American, Xstrata, BHP get expansion approval for JV mine
18th Aug 2011 07:14
FTSE 100 mining giants Anglo American, BHP Billiton and Xstrata have announced that a coal mine in Colombia, in which they own a 33.3% interest each, has received approval for its $1.3bn expansion project. The expansion is expected to increase the production and export capacity at its Cerrejón mine
Read moreAnglo American oper profit jumps 38% but copper production falls
29th Jul 2011 10:11
Miner Anglo American's operating profits surged 38% for the first half of the year but adverse weather conditions in Australia and South Africa, high input costs and lower ore grades resulted in weak copper production that disappointed investors. For the six months ended 30 June, the company report
Read moreFriday preview: Sky, Anglo-American, JLT, US GDP ...
28th Jul 2011 17:01
After the whole News International farrago of recent weeks it will probably be a relief for the board of pay-TV and internet service provider British Sky Broadcasting (BskyB) to get back to the rows and columns of a profit and loss account. Market consensus is for full-year revenue of £6,436m, up f
Read moreLondon close: Footsie recovers to close higher
26th Jul 2011 16:55
The top share index finished in the blue on Tuesday despite a volatile day of trading, as investors digested a host of trading updates and results from some heavyweight constituents. Meanwhile, the US debt ceiling saga continued to roll on in the background as President Barack Obama and House Spea
Read moreAnglo books $299m contribution from De Beers
26th Jul 2011 15:15
De Beers is to make a $299m contribution to the half-year underlying earnings of Anglo American, thanks to Anglo's 45% stake in the South African diamond miner. In the six months ended 30 June 2011, mining titan Anglo American received $22m in dividends from De Beers. In addition, $45m of the outst
Read moreAdverse weather conditions trims Xstrata's coal production
26th Jul 2011 09:18
Mining giant Xstrata's coal production fell slightly in the first half of the year, partly due to the severe floods in Queensland, while total copper production was unchanged from the year before. For the six months ended 30 June, total mined copper production was 434,046 metric tonnes, compared t
Read moreLondon close: Footsie closes higher, despite afternoon sell-off
22nd Jul 2011 16:31
After a solid start on the back of positive developments in Europe, the Footsie trimmed gains in the afternoon as investors looked to lock in profits following a strong finish on Thursday. Despite touching as high as the 5,967 level before midday, the Footsie steadily declined to close at 5,935. Me
Read moreLondon close: Big gains after eventful day
13th Jul 2011 16:33
Stocks finished with good gains at the end of an eventful day. A raft of updates sent shares in both directions in early dealings, but the main drama came later in the day when Rupert Murdoch's News Corporation withdrew its bid for satellite broadcaster BSkyB. Stocks were boosted in afternoon tradi
Read moreLondon midday: Supergroup leads the climb
13th Jul 2011 12:12
Stocks are heading in both directions following a raft of updates, but the overall direction is higher, with trendy fashion retailer SuperGroup the standout stock. SuperGroup, famous for the Superdry brand, said full-year underlying pre-tax profit soared by 89% to £50.2m, from £26.5m previously, su
Read moreLondon open: Burberry, miners dominate the rise
13th Jul 2011 08:31
Burberry and the miners dominated the risers early on, as the Footsie attempted to recover from the previous day of losses. Iconic British luxury brand Burberry jumped higher early on after underlying sales soared by 34% in the first quarter, driven largely by strong retail growth in China. "We ar
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