Anglo American finance boss sells again
29th Jun 2011 16:01
Anglo American's finance director Rene Medori has pocketed £450,000 from the sale of shares in the mining giant. He offloaded 15,000 at 3,000p a pop, in his second big sale of shares this month. On 7 June he sold the same amount at just over 3,000p a share. Today's sale leaves him with a beneficia
Read moreLondon close: Miners, banks finish strongly
28th Jun 2011 16:33
The Footsie was bolstered by a decent start on Wall Street, as US house prices rose for the first time in eight months. Furthermore, global market sentiment was buoyed ahead of a critical vote in Greece to approve austerity measures, vital for the country to receive financial aid. French president
Read moreSector movers: Miners rise as weaker dollar lifts metals prices
28th Jun 2011 16:16
The mining sector was performing well on Tuesday, tracking metals prices higher as fears over a Greek default eased slightly. The euro rose against the dollar ahead of a critical vote in Greece to approve austerity measures, vital for the country to receive financial aid. The weaker dollar prompte
Read moreFTSE 100 movers: Banks wanted as Greek fears ease
28th Jun 2011 14:35
The banking sector was lifting the FTSE 100 on Tuesday, as fears over the Greek situation eased. French president Nicolas Sarkozy announced an agreement with French banks to refinance holdings of Greek sovereign debt. "We concluded that by stretching out the loans over 30 years, putting (interest r
Read moreLondon close: Utilities provide late boost
27th Jun 2011 16:39
The Footsie closed near its daily highs after a strong start on Wall Street. Utilities stock lead the rise, while financials were lower. Utilities stocks finished higher, with United Utilities Group and Severn Trent making gains of nearly 3.7% and 2.2%, respectively. Financials were among the wors
Read moreFTSE 100 movers: Man Group leads financials lower
27th Jun 2011 14:35
Financials are among the worst performers of the day, helping to drag the FTSE 100 below the 5,700 level. Hedge fund manager Man Group is the heaviest fallers, losing nearly 4% as of 14:40 on Monday afternoon.RBS and Barclays are trading 1.7% and 1.2% lower, respectively. The mining sector has bee
Read moreLondon close: Footsie finishes well below 5,700
23rd Jun 2011 16:39
The Footsie steadily declined to finish below the 5,700 level on Thursday after last night's message from the Federal Reserve which highlighted its caution over the economic recovery in the US. While also cutting his forecasts for US growth, Fed chairman Ben Bernanke signalled the end of its second
Read moreGreen light for Xstrata and Anglo in Chile
23rd Jun 2011 09:18
Mining giant Xstrata said the pre-feasibility study for the expansion of Chile's Collahuasi copper mine has been approved, adding that the study is expected to be completed in the first half of 2012. The project should see the construction of one or two new grinding lines, which would result in a
Read moreFTSE 100 movers: Miners recover to lift the Footsie higher
17th Jun 2011 13:30
The miners are leading the comeback as metals prices recover slightly. Lonmin, Anglo American, Xstrata and Kazakhmys are among the best performers on the blue chip index, despite falling early on. Following the acquisition of an additional stake in Africa-focused coal miner Riversdale Mining, Rio
Read moreSector movers: ENRC leads miners lower
10th Jun 2011 15:17
The mining sector has taken a knock today, with blue chip metals producers providing a drag. Kazakhstan-focused miner Eurasian Natural Resources Corp is a heavy faller on further speculation of a major boardroom shake-up, as a result of indifferences with minority shareholders. On Wednesday, the
Read moreFTSE 100 movers: ENRC leads the decline
10th Jun 2011 13:54
Kazakhstan-focused miner Eurasian Natural Resources Corp is the heaviest faller on further speculation of a major boardroom shake-up, as a result of indifferences with minority shareholders. On Wednesday, the group initiated a "comprehensive review of its corporate governance" which saw four board
Read moreStobart's Alan Kelsey jumps aboard
8th Jun 2011 15:38
New Stobart director Alan Kelsey has wasted no time opening his account with the logistics giant, spending nearly £77,000 on shares. He took 55,000 shares at just under 140p a time. Kelsey, 62, joined Stobart last month. He has been corporate development director at the rail and bus group National
Read moreFTSE 100 movers: Weir rises above the rest
26th May 2011 14:37
Engineering titan Weir is a strongest gainer, roaring over 5% higher on Thursday afternoon. Meanwhile, the mining sector is dominating the risers, with Antofagasta, Lonmin, Anglo American and Fresnillo in demand, Man Group, the hedge fund manager, is performing well after full-year pre-tax profit
Read moreSector movers: Antofagasta, Rio Tinto lead the miners
16th May 2011 16:11
The mining sector is wanted today as analysts have highlighted the recent bout of profit-taking - on the back of falling commodities prices - as a good buying opportunity. Blue chip miners Antofagasta, Rio Tinto, Anglo American, Fresnillo, BHP Billiton and Vedanta Resources are all higher. Indust
Read moreFTSE 100 movers: Aggreko leads the fallers
16th May 2011 15:45
The Footsie has come off its lows but remains in the red, led by temporary power supplier Aggreko, who is trading over 3% lower. Engineers Invensys and Weir are also out of favour. Data software firm Autonomy is wanted after it announced that it is to boost its cloud computing capability with a $38
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