Thursday tips round-up: Fresnillo, Antofagasta, Bodycote
14th Oct 2010 06:29
Fresnillo, the Mexican company that is the world's biggest producer of silver, expects to top earlier forecasts of gold and silver production this year after a strong third quarter in which production of both metals was running at record levels. A note from Liberum yesterday points out that Fresnil
Read moreLondon close: Strong gains for FTSE 100
13th Oct 2010 16:36
Footsie moved up gear following a strong start on Wall Street, and was nearly posting triple-digit gains at trading's close. US stocks are going well following strong results from processor group Intel and banking giant JP Morgan and strong indications from the Federal Reserve that further stimulus
Read moreLondon afternoon: Still up over 1%
13th Oct 2010 14:45
The leading index broke above 5,750 briefly ahead of the opening bell on Wall Street, its highest since the end of April, led by a powerful mining sector. US stocks have started well - the Dow Jones is up almost 70 points - following strong results from Intel and JP Morgan and strong indications fr
Read moreLondon midday: Footsie boards the Fed express
13th Oct 2010 12:05
Hints from the US Federal Reserve that it will resume its bond buying programme sooner rather than later galvanised the UK market in the morning session with mining stocks going particularly well. Xstrata, Anglo American, Rio Tinto and Antofagasta are the pick of a mining sector buoyed by the pros
Read moreLondon open: Wall St rally boosts Footsie
13th Oct 2010 08:48
Last night's recovery on Wall St following the Federal Reserve's hint at further stimulus measures has boosted London early on despite a big bank cash call. Standard Chartered, the emerging markets focused bank, is preparing for stricter capital requirements for banks with a £3.26bn cash call. The
Read moreLondon close: Footsie rallies but finishes lower
12th Oct 2010 16:46
London battled hard to undo early losses, but fell just short, closing a few points in the red, amid a backdrop of lower commodity prices and sobering trading updates. Miners were under the cosh. Xstrata was among the heavy fallers in the mining sector. It said today it is starting work again at
Read moreLondon afternoon: Resource stocks a drag
12th Oct 2010 14:09
Equity prices continued to recover over the lunch time session though the blue-chip index remains in the red, largely thanks to the weakness of resource stocks. Xstrata, Lonmin, and Antofagasta are the worst hit of the miners, though the whole sector is lower. Metals prices have fallen back as the
Read moreLondon midday: Bid rumours lift Standard Chartered
12th Oct 2010 12:13
The second half of the morning session was better than the first for Footsie, with leading stocks trimming early losses, but the blue-chip index remains in the red, largely thanks to the weakness of resource stocks. Xstrata, Lonmin, and Antofagasta are the worst hit of the miners, though the whole
Read moreLondon open: Footsie on back foot
12th Oct 2010 08:53
London has started on the back foot with miners and oil companies under heavy selling pressure. Xstrata, ENRC, and Antofagasta are the worst hit of the miners, though the whole sector is lower. Oil groups are also suffering. Tullow and BG are the worst hit of the FTSE 100 groups, but Soco is the r
Read moreLondon close: Higher finish for Footsie as miners march ahead
6th Oct 2010 16:48
It was the surge in US shares yesterday rather than today's nervous performance that provided a lead for Footsie, helping London's top share index close with good gains. A nasty jobs report sent jitters through US markets. Private sector employers cut 39,000 jobs in September, against a gain of 10,
Read moreLondon afternoon: Airlines flying high
6th Oct 2010 14:30
Profit takers have skimmed off some of the cream of the gains seen this morning on mining stocks while the two big trading updates of the day have also sparked negative reactions, but Footsie remains comfortably in positive territory. Metals prices have strengthened in line with a weaker dollar, w
Read moreSector movers: Metals rise boosts miners
6th Oct 2010 14:22
With metals prices on the rise mining stocks are going well. Antofagasta, Anglo American, Kazakhmys and Xstrata are still sporting handsome gains. Metals prices have strengthened in line with a weaker dollar, which comes amid speculation the Federal Reserve will implement more monetary stimulus mea
Read moreLondon midday: Autonomy cuts revenue guidance
6th Oct 2010 12:01
With metals prices on the rise mining stocks were the shares to hold in a morning session that saw Footsie make an assault on the 5700 level before falling away in the hour before noon. Antofagasta, Anglo American, Kazakhmys and Xstrata are still sporting handsome gains. Metals prices have strength
Read moreLondon open: Blue chips power forward
6th Oct 2010 08:52
London's leading index has hit fresh five-month highs after the surge on Wall Street overnight. Footsie is now at its highest since April. Miners are driving the gains this morning with the top five risers all mining companies. Antofagasta, Anglo American, Kazakhmys and Xstrata are the best perform
Read moreLondon midday: Inmarsat hit by stake sale talk
4th Oct 2010 12:02
Resource stocks remain a drag on the Footsie which ended the morning in arrears after a moderately firm start. BP, Cairn Energy and Melrose Resources are among the big hitters in the oil sector nursing losses, while in the mining sector Xstrata, Lonmin and Antofagasta are under the cosh. Anglo-Swi
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