London afternoon: Vedanta leads miners lower
9th Oct 2009 14:29
Mining stocks remain a proverbial albatross round the market's neck, dragging the Footsie below last night's closing level despite some interest in consumer stocks. Vedanta Resources is the weakest stock in a soft mining sector after Goldman Sachs said Vedanta's aluminium, zinc and iron ore facilit
Read moreLondon close: Footsie highest in over a week
8th Oct 2009 16:33
Stocks ran out of steam mid-afternoon, trading as near to Wednesday's close as they had done all day, but strength on Wall Street inspired a late rally here. The top stocks were still mining companies as metal prices continued their march higher. Gold futures neared $1,060 an ounce as the dollar co
Read moreLondon afternoon: Equities in consolidation phase
8th Oct 2009 14:42
London's leading shares continued to trade sideways over the lunchtime session, consolidating the morning's gains. Mining stocks are responsible for much of the Footsie's buoyancy with Xstrata, ENRC, Kazakhmys, Antofagasta, Anglo American and BHP Billiton all going well. Vedanta is also on the u
Read moreFTSE 100 movers: Vedanta buoys miners
8th Oct 2009 12:17
Miners are higher after Vedanta said zinc, copper and aluminium operations were at full capacity during the second quarter as it revealed a 16% rise in refined zinc production and a 27% surge in iron ore output. Other risers from the sector include Kazakhmys, Antofagasta, Eurasian Natural Resources
Read moreLondon midday: Updates please investors
8th Oct 2009 11:46
Footsie is still in the blue as investors give a warm reaction to company announcements, though the leading share index is off its earlier highs. Vedanta leads the mining sector higher. The Indian giant said zinc, copper and aluminium operations were at full capacity during the second quarter as it
Read moreLondon open: Buoyant miners lift Footsie
8th Oct 2009 08:17
Buoyant mining shares are giving London's blue chips a lift in early dealings the day after gold hit a new record high. Nine out of the ten top FTSE 100 performers are miners. Lonmin is leading the way, closely followed by Xstrata, Rio Tinto, Fresnillo, Kazakhmys, Antofagasta, Vedanta Resources, An
Read moreLondon close: Miners lead Footsie recovery
6th Oct 2009 16:41
Mining stocks were at the forefront of a sharp rally in the FTSE 100 as the market recovered from a recent weak spell. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head higher. Reaction to Tes
Read moreLondon afternoon: Morning's gains consolidated
6th Oct 2009 14:36
Less than a dozen Footsie constituents are in the red this afternoon as the market recovers strongly on the back of buoyant mining shares. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head highe
Read moreFTSE 100 movers: Only six constituents down
6th Oct 2009 13:19
Only six FTSE 100 constituents are in the red this afternoon as the market recovers strongly on the back of buoyant mining shares. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head higher. Amon
Read moreLondon midday: Miners push Footsie higher
6th Oct 2009 12:06
After a hesitant start, London's blue-chips have kicked on with mining stocks leading the way. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head higher. Reaction to Tesco's results was initial
Read moreSunday newspaper round-up: BAE Systems, Aviva, Lloyds Banking
4th Oct 2009 10:09
Directors of BAE Systems rejected a £300m settlement of a Serious Fraud Office investigation after receiving advice they would leave themselves open to civil lawsuits for a misuse of shareholders' funds. The offer, made by the SFO in recent weeks, came after lengthy talks over a plea bargain deal t
Read moreLondon close: Stocks finish down
2nd Oct 2009 16:33
London's leading shares closed in the red but were off earlier lows as the US recovered somewhat after a poor start. A weaker than expected jobs report had pushed US stocks deep in the red, though by midday the markets had retraced some of the losses. Over here, there was good news for home owners
Read moreLondon afternoon: US jobs data sinks Footsie
2nd Oct 2009 14:05
Footsie has tumbled further below the 5,000 level after a disappointing read on the monthly US jobs numbers. US non-farm payrolls fell a worse than expected 263,000 in September, up from a downwardly revised 201,000 the month before, and compared with the 180,000 expected by economists. The unemp
Read moreLondon midday: Equities nervously lower
2nd Oct 2009 12:05
The Footsie dipped below the 5,000 level this morning as it followed Wall Street lower in the wake of patchy US economic data yesterday. Over here, there was good news for home owners as UK house prices rose for the fifth month in a row in September, according to the Nationwide Building Society. Th
Read moreLondon open: Blue chips follow US lower
2nd Oct 2009 08:49
Footsie has fallen back sharply following the 200 plus point fall for the Dow overnight. Investors will now be eyeing the monthly US non-farm payrolls figure at lunchtime very nervously. UK house prices rose for the fifth month in a row in September, according to the Nationwide Building Society. Th
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