London pre-open: Rally seen after eurozone rescue
10th May 2010 07:35
World stock markets are set to rally Monday after global authorities put together a £650bn rescue deal they hope will sort out the Greek debt crisis once and for all. European Union finance ministers agreed the €750bn EU and International Monetary Fund bailout fund in talks over the weekend. The th
Read moreVedanta buys Anglo's zinc assets
10th May 2010 07:06
Mining company Anglo American is to get out of the zinc business, selling its portfolio of zinc assets to Vedanta Resources. Vedanta is paying $1,338m for Anglo American Zinc on an attributable, debt and cash free basis. Anglo American owns the Skorpion mine in Namibia, the Lisheen mine in Ireland
Read moreLondon close: Shares slide after election
7th May 2010 16:48
Shares continued sliding on Friday as the European debt crisis rumbled on and after the previous day's election failed to produce a decisive result. Germany's parliament has approved a rescue package for Greece, but traders are still worried that the debt problems could spread to other countries, i
Read moreLondon afternoon: RBS leads retreat
7th May 2010 14:35
The market rally seen towards the end of the morning session fizzled out over lunch as London joined other European markets in retreat. Prime Minister Gordon Brown has moved into line with Liberal Democrat leader Nick Clegg and agreed that the Conservative party, which won the most seats in yesterd
Read moreWednesday tips round-up: Miners, G4S, Vitec
5th May 2010 06:51
Australia has just become the world's most-taxed mining economy after introducing a 40% super-tax. It will hit mining groups hard, but earnings were about to expand strongly anyway. Although a setback, there should still be enough profit to go around suggests the Telegraph. By far the most exposed
Read moreAnglo American sells building materials business
4th May 2010 15:51
Mining giant Anglo American has sold Tarmac's French and Belgian building materials business, Tarmac Matériaux de Construction (TMC), to Fondations Capital for a total enterprise value of €67m. The group said TMC is one of the leading independent producers of concrete blocks in the French and Belgi
Read moreAnglo American chairman adds to stake
28th Apr 2010 16:09
Non-executive chairman Sir John Parker has added to his stake in miner Anglo American a few weeks after he reinvested his quarterly director fee in new shares. Sir John bought 1,726 shares at £28.75, which took his stake to 9,775 shares. The total cost was nearly £50,000. At the beginning of April
Read moreFriday tips round-up: IMI, Persimmon, Bluebay
23rd Apr 2010 06:51
Five months after above-forecast profits prompted it to bring forward its trading statement, IMI is at it again. The mid-cap maker of valves and hydraulic controls yesterday broke its silence two weeks earlier than planned, telling the stock market that its outlook for the first-half of 2010 has "
Read moreLondon close: Greek problems resurface
22nd Apr 2010 16:45
Worries about Greece's debt situation knocked global markets and kept Footsie in the red at the close. Greece's financial situation came under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated, and warned
Read moreLondon afternoon: No help from US
22nd Apr 2010 14:59
Footsie is not being helped by the US, which has started deep in the red, as worries about Greece's debt situation knocks global markets. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7
Read moreSector movers: Housebuilders move ahead
22nd Apr 2010 12:35
Investors have given housebuilder Persimmon's trading update a warm reception, helping lift the home construction sector higher. Persimmon said sales have remained consistent since it last updated the market on March 2, despite uncertainty over the state of the economy and the coming general elect
Read moreLondon midday: Greek worries resurface
22nd Apr 2010 11:56
Footsie remains deep in the red now as concerns about Greece's debt situation resurfaced. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated. Financials are the majo
Read moreLondon open: Shares slightly lower
22nd Apr 2010 08:13
London's top stocks have opened slightly lower after the US gave up most of its gains before trading closed last night. Bus and rail operator Arriva has agreed to be taken over by Germany's Deutsche Bahn in a £1.59bn deal that will create a new European transport giant. Under the terms of the deal,
Read moreAnglo American iron ore output up 23%
22nd Apr 2010 07:23
Mining giant Anglo American reported a 23% jump in first-quarter iron ore production and a 7% rise in copper output. Iron ore production increased to 12.3 million tonnes compared with 9.9 million tonnes last time as its Sishen Mine continues to ramp up to full production. Copper production rose t
Read moreSunday newspaper round-up: Liverpool FC, Cadbury, Anglo American
11th Apr 2010 11:49
Barclays is to make a shock intervention at Liverpool FC, backing a £300m refinancing that will lead to the sale of the club. The bank is this weekend finalising a deal that will see it displace the club's current lenders, provide additional funds to Rafa Benitez, the manager, and install as chairma
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