London open: Poor start as miners slip
28th Jan 2011 08:54
London has slipped back in early dealings after a dull day on Wall Street and weak showing in Asia overnight. S&P's decision to cut its credit rating for Japan and some poor company results hurt the Nikkei in Tokyo on Friday and this has spilled over into London. Miners are dragging Footsie lower.
Read moreLondon close: Late recovery not enough
14th Jan 2011 16:39
Shares came off their lows ahead of the close, helped by an improvement on Wall Street, but still finished in the red, with miners among the fallers. The sector was hurt by speculation that commodity hungry China may raise interest rates to cool inflation. The economic powerhouse has lifted reserve
Read moreLondon afternoon: Deficit narrows
14th Jan 2011 15:15
A recovery on Wall Street has helped London narrow losses, although the leading index is in danger of ending the week below 6,000. Miners are still lower amid speculation that commodity hungry China may raise interest rates to cool inflation. The economic powerhouse has lifted reserve requirements
Read moreLondon midday: Mining retreat drags FTSE 100 lower
14th Jan 2011 12:11
FTSE 100 is now firmly in the red as miners retreat amid speculation that commodity hungry China may raise interest rates to cool inflation. The east Asian economic powerhouse has lifted reserve requirements on banks, underlining its determination to deal with inflation. Meanwhile, an increase in
Read moreLondon midday: FTSE 100 stuck lower
10th Jan 2011 12:11
Shares remain rooted in negative territory in spite of a big jump from artificial joint specialist Smith & Nephew following reports of an offer from Johnson & Johnson. Miners are holding back the top share index. A decline in copper imports into commodity-hungry China sent prices for the red metal
Read moreLondon open: Poor start to week
10th Jan 2011 08:23
A fresh round of takeover speculation and well-received numbers from Morrisons hasn't been enough to cancel losses across the mining sector. Artificial joint specialist Smith & Nephew rallied Monday following reports it turned down a bid approach from US rival Johnson & Johnson just before Christma
Read moreLondon close: Lower finish as US jobs disappoint
7th Jan 2011 16:35
Leading shares were in the red heading into the weekend after a weak jobs report in the US. Monthly nonfarm payrolls revealed just 103,000 jobs were added in December. Much less than economists had hoped for. Back over here, miners were mostly lower as commodity prices struggle. Copper specialists
Read moreLondon afternoon: Footsie still in red
7th Jan 2011 14:58
Leading shares remain in negative territory as a weak jobs report in the US prevents Wall Street from heading higher. The Dow Jones is currently down a couple of points after monthly nonfarm payrolls revealed just 103,000 jobs were added in December. Much less than economists had hoped for. Back o
Read moreLondon midday: FTSE 100 stuck below 6,000
7th Jan 2011 12:13
The top share index has been sitting stubbornly below 6,000 points, but could spring into life when US non-farm payroll figures are released this afternoon. Estimates are for about 150,000 new jobs to have been added in December. Elsewhere, it's a quiet morning so far. There has been a further de
Read moreLondon open: Blue chips lower ahead of jobs data
7th Jan 2011 08:51
London has fallen back below 6,000 as investors sit on their hands ahead of the non-farm payrolls data coming out of the US this afternoon. Estimates are for about 150,000 new jobs to have been added in December. Elsewhere, it's a quiet morning so far. There has been a further development in the s
Read moreSector movers: Antofagasta pulls miners lower
6th Jan 2011 16:40
Industrials metals and mining made losses Thursday on the back of a broker downgrade to mining giant Antofagasta. Nomura has downgraded Antofagasta from a 'buy' to 'reduce' as it struggles to find value in the copper miner which has more than doubled over the last six months. Since January 2009,
Read moreBroker tips: Antogasta, Mothercare, Cineworld...
6th Jan 2011 14:23
Nomura has downgraded Antofagasta from a 'buy' to 'reduce' as it struggles to find value in the copper miner which has more than doubled over the last six months. "We think the risk to our forecasts is that copper prices experience an even more aggressive short-term price 'spike', fuelled by the in
Read moreBroker snap: Antofagasta rally has gone far enough
6th Jan 2011 12:52
Nomura has downgraded Antofagasta from a 'buy' to 'reduce' as it struggles to find value in the copper miner which has more than doubled over the last six months. Since January 2009, the Japanese broker has viewed copper as the most attractive recovery exposure, with Chile-based Antofagasta being i
Read moreLondon close: Strong start to 2011 continues
5th Jan 2011 16:44
An afternoon rally helped the FTSE 100 build on yesterday's strong start to the year and stay at levels not seen since the first half of 2008, well in advance of the global economic crash. The turnaround in fortunes was inspired by some strong US jobs data, with payroll processor ADP reporting a re
Read moreLondon afternoon: Footsie back above 6,000
5th Jan 2011 14:04
Footsie has scrambled back above 6,000 over the lunch time session though the blue-chip index remains slightly lower on the day. Miners remain a drag on the index, with the likes of Antofagasta, Anglo American, BHP Billiton and Kazakhmys falling back in line with softer metals prices. Retailers
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