London midday: Markets jump on signs of progress on Capitol Hill
15th Oct 2013 11:33
Progress on Capitol Hill pushed the UK market to its highest level in three weeks on Tuesday morning as investors showed optimism that lawmakers can strike a deal to avert a dreaded default. The FTSE 100 in London was trading up 0.7% at around 6,560 this morning; the last time it has closed higher
Read moreAnglo American warns of risk to rights at Kumba mine
15th Oct 2013 08:38
Anglo American has revealed that the expansion of its subsidiary Kumba's Sishen mine in South Africa remains on track but warned a pending regulatory application could restrict access to the mine. Kumba Iron Ore has applied to the Department of Mineral Resources (DMR) to obtain rights to mine land
Read moreLondon open: Stocks rise on hopes of US debt ceiling deal
15th Oct 2013 08:19
UK stocks jumped in early trading on Tuesday as investors showed optimism that US politicians can avert a default by agreeing to raise the debt ceiling. The FTSE 100 in London was trading up 0.6% at around 6,550 this morning; the last time it has closed higher was on September 26th when it finished
Read moreLondon close: Stocks jump to two-week high on hopes over US debt deal
11th Oct 2013 16:34
Hopes that US lawmakers can lift the debt ceiling and avert a default spurred markets higher on Friday with the FTSE 100 rising to levels not seen in two weeks. Sentiment was also lifted by the successful stock-market debut of postal group Royal Mail which soared by over a third after attracting a
Read moreLondon midday: Stocks surge on US hopes as risk appetite returns
11th Oct 2013 11:20
The FTSE 100 was trading at a two-week high on Friday morning on hopes that ongoing negotiations in the US will result in a short-term deal to raise the borrowing limit in order to avoid a dreaded default. After a 1.5% jump on Thursday, the FTSE 100 was extending gains this morning, rising 0.8% to
Read moreAnglo American Platinum says strikes end
11th Oct 2013 08:05
Anglo American Platinum, part of FTSE 100 mining giant Anglo American, said an 11 day strike over job cuts in South Africa had ended. Workers will go back to work at mines near Rustenburg and North of the Pilanesburg after the company agreed a deal that means there will be no forced retrenchments.
Read moreUK regulators to force Lafarge Tarmac to sell plants
8th Oct 2013 07:41
UK regulators are set to order building materials joint venture Lafarge Tarmac to sell one or more cement plants to encourage competition in the industry. The Competition Commission will provisionally require Lafarge Tarmac to sell a cement plant and accompanying ready mix concrete plants if necess
Read moreLondon open: Stocks fall as US shutdown continues
4th Oct 2013 08:36
Markets look to end the week on a quiet note with stocks lacking direction in the absence of the all-important US jobs report; the FTSE 100 fell slightly in the red on Friday morning. Since the partial shutdown of the US government has extended into its fourth day, governmental agencies and departm
Read moreLondon close: Stocks edge higher but gains limited by US shutdown
3rd Oct 2013 16:49
Ongoing political wrangling in the States limited gains for stocks on Thursday though the FTSE 100 still managed to snap a four-day losing streak to finish slightly higher. However, markets were rangebound as investors digested mixed economic data from across the globe with service-sector activity
Read moreFTSE 100 movers: Tesco leads after broker retains buy rating
3rd Oct 2013 14:59
In a research note issued this afternoon, analysts at Shore Capital have decided to retain their "buy" stance on shares of supermarket Tesco, despite the company's extremely poor results in Europe. What the broker most wants out of the firm are more cautious - and realistically achievable - foreca
Read moreAnglo American suffers continuing strike losses in South Africa
3rd Oct 2013 14:54
Miner strikes have lost Anglo American's South African platinum arm an average of 3,100 ounces per day in the last week. Last Friday thousands of workers at Anglo American Platinum's (Amplats) Rustenburg complex downed tools in protest over the company's plans for job cuts. On Thursday Amplats s
Read moreSector movers: Miners track metals lower on US budget impasse
3rd Oct 2013 14:47
Continuing uncertainty surrounding US politics and falling metal prices weighed heavily on mining stocks on Thursday as investors shrugged off some improving economic data from China. The partial shutdown of the US government extended into its third straight day today as politicians continue to fai
Read moreLondon midday: Stocks edge higher as data offsets US shutdown
3rd Oct 2013 11:34
Markets were rangebound on Thursday as investors focused on mixed economic data as the US government shutdown extended into its third day. "With little contagion from across the pond, at least until markets open, European indices are a touch higher this morning aided and abetted by positive corpora
Read moreLondon close: Late rally not enough as FTSE 100 falls for fourth straight day
2nd Oct 2013 16:43
A slight bounce in the UK-listed mining sector saw the FTSE 100 rally on Wednesday afternoon but the index still finished firmly in the red, setting a fresh one-month low as political uncertainty in the US and Italy continued to weigh on sentiment. The FTSE 100 finished down 22.51 points at 6,437.5
Read moreLondon open: FTSE 100 near three-month low as supermarkets disappoint
2nd Oct 2013 08:21
UK markets sank sharply on Wednesday morning given the uncertain outlook for the US economy in light of a partial government shutdown as politicians continue to disagree over a budget proposal for next year. Disappointing results from retail bellwethers Tesco and Sainsbury were also weighing on sen
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