London open: Markets pause after strong rise
23rd Aug 2013 08:39
It was a subdued start for equity markets in London on Friday with the FTSE 100 opening broadly flat as investors adopted a cautious approach going into the long weekend. Stocks were pausing for breath early on after a strong rise the day before on the back of improving economic data from across th
Read moreWednesday broker round-up UPDATE
21st Aug 2013 09:37
Anglo American: JP Morgan cuts target price from 1675p to 1655p keeping a neutral rating. Aquarium Platinum: Investec shifts target price from 46p to 48p and stays with its hold recommendation. ASOS: Deutsche Bank increases target price from 3800p to 4450p, while leaving its hold recommendation un
Read moreLondon open: Stocks at six-week low as earnings disappoint
20th Aug 2013 08:21
Heavy falls from Wood Group, CRH and a host of miners were weighing on the FTSE 100 in early trading on Tuesday, pushing the index to levels not seen in over six weeks. London's benchmark index sunk by around 0.8% this morning, heading towards the 6,400 mark; the last time it closed lower was on Ju
Read moreLondon close: Tapering concerns continue to hit stocks
19th Aug 2013 16:27
Concerns about the future of US stimulus continued to weigh on stocks on Monday with London's mining sector bearing the brunt of a reduction in risk appetite amongst investors. Market sentiment has been fragile in recent weeks due to heightened speculation that the Federal Reserve will taper its qu
Read moreFTSE 100 movers: M&S, Petrofac, easyJet
19th Aug 2013 13:58
Marks & Spencer topped the FTSE as the retailer launched its Britain's Leading Ladies campaign to promote its new autumn/winter fashion collection. The advertisement features stars including Helen Mirren, Tracey Emin and Ellie Goulding. Petrofac, which provides facilities services to the oil, gas
Read moreLondon midday: Miners lead markets lower, Fed in focus
19th Aug 2013 12:09
The FTSE 100 was trading slightly lower on Monday morning with heavyweight mining stocks providing a drag as investors scaled back their appetite for risk. Markets were rangebound today with less than 30 points separating the FTSE 100's intraday low (6,477) and high (6,506). This follows the index'
Read moreLondon open: Markets lower, but Kentz rockets after AMEC approach
19th Aug 2013 08:27
The FTSE 100 opened slightly lower on Monday morning as traders continue to speculate about the future of the Federal Reserve's quantitative easing programme. The weak start follows the London benchmark's second weekly decline in a row last week and the worst weekly performance on New York's Dow Jo
Read moreLondon close: Markets edge higher after subdued session
16th Aug 2013 16:30
Friday was a relatively quiet session for equity markets in London with investor confidence shattered after a sell-off the day before and volumes down due to seasonal trends. The FTSE 100 and benchmark indices on Wall Street suffered steep falls on Thursday as better-than-expected jobless claims ig
Read moreSector movers: Mining, housing stocks making gains
16th Aug 2013 14:56
Gold and silver prices cemented recent gains on Friday due to safe-haven demand, pushing shares prices in the mining sector higher in afternoon trade. Precious metals peers Randgold Resources and Fresnillo were standout performers as gold edged closer to a two-month high while silver stayed close
Read moreFTSE 100 movers: Randgold, Fresnillo lead miners higher
16th Aug 2013 14:28
Gold and silver prices cemented recent gains on Friday due to safe-haven demand, pushing shares prices in the mining sector higher in afternoon trade. Precious metals peers Randgold Resources and Fresnillo were standout performers as gold edged closer to a two-month high while silver stayed flat at
Read moreAnglo American names new copper boss
16th Aug 2013 12:24
Anglo American said Hennie Faul would lead its copper business following John MacKenzie's decision to leave the miner. Faul, currently group head of mining, has been with the mining giant for nine years and has more than 26 years of industry experience. From October he will report to Duncan Wanbl
Read moreLondon midday: Markets searching for direction after sell-off
16th Aug 2013 12:01
The FTSE 100 was broadly flat on Friday morning, swinging between gains and losses as equity markets searched for direction following a steep sell-off the day before in the UK and US. The London benchmark lost 1.6% on Thursday after better-than-expected jobless claims data in the States ignited con
Read moreLondon close: Markets lower despite better-than-expected Eurozone GDP
14th Aug 2013 17:27
A return to growth in the Eurozone wasn't enough to buoy markets today with the FTSE 100 finishing down 24.51 points at 6,587.43 after a choppy session. Eurozone gross domestic product (GDP) figures showed that the single-currency region exited a recession in the second quarter by expanding 0.3%, a
Read moreFTSE 100 movers: RBS leads banks higher after Fitch report
14th Aug 2013 14:54
Royal Bank of Scotland Group topped the risers on the FTSE 100 on Wednesday after ratings agency Fitch said that a break-up of the state-backed UK lender into a 'good' and 'bad' bank is increasing unlikely as the costs would outweigh the benefits. Part-nationalised counterpart Lloyds was also making
Read moreLondon midday: Stocks flat despite decent data from UK, Eurozone
14th Aug 2013 11:18
The FTSE 100 was continuing to trade more or less flat on Wednesday morning despite economic data from the UK and Eurozone coming in ahead of expectations. "The equity market continues to trade within its recent range this morning as volumes bounce along the bottom and traders struggle for motivati
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