London open: Gains short-lived
4th Oct 2010 08:37
Renewed interest in the insurance sector and strong miners nudged London into positive territory, but Monday morning blues soon kicked in and stocks are now in the red. Reports in his morning's papers reveal RSA, Resolution, Switzerland's Zurich Financial Services and Germany's Allianz discussed mo
Read moreLondon close: Footsie rallies after shaky start
24th Sep 2010 16:50
The roller coaster ride continued heading into the weekend, with shares rallying to finish with good gains following a drop in the morning. Shares have been jittery for most of the week, with traders unsure how to react to Federal Reserve chairman Ben Bernanke's comments on the US economy on Tuesd
Read moreFTSE 100 movers: Arm bid rumours
24th Sep 2010 14:52
Chip designer ARM is higher due to bid rumours. Oracle says that it is interested in buying chip companies and ARM is a potential target, although US firm AMD is probably more likely. Miners are the worst performers headed by Antofagasta, Kazakhmys, and Anglo American after a downbeat note from UB
Read moreLondon midday: Miners do the damage
24th Sep 2010 12:05
It's been a rollercoaster morning for London's blue chips, although pretty much all the volatility has happened in negative territory as miners struggle. HSBC, little changed at lunchtime, has hogged the headlines. Reports suggest that current chief executive Mike Geohegan will leave at the end of
Read moreLondon open: Heavyweights drag Footsie lower
24th Sep 2010 08:57
Footsie has opened lower with the heavyweight sectors of banks and miners both heading south. Speculation over the power struggle at the top of global banking giant HSBC has dominated early proceedings in London. Reports suggest that current chief executive Mike Geohegan will leave at the end of th
Read moreLondon close: Late rally trims losses
23rd Sep 2010 16:40
London staged a last hour rally but didn't rise by enough to eliminate losses sparked by a weak start on Wall Street. News that Brazilian oil company Petrobas will launch a world record $78bn rights issue helped other oil companies. BP, Shell and Cairn all picked up near the close. Expectation t
Read moreLondon afternoon: US shadow increases London gloom
23rd Sep 2010 14:24
Expectations of a weak start on Wall Street, after poor US jobless data, sent London lower still over the lunch time session, with banks and miners continuing to feature prominently among the blue-chip fallers. Lloyds and Standard Chartered are the worst performing banking stocks as worries resur
Read moreLondon midday: Blue-chips in the red
23rd Sep 2010 12:12
London's blue-chips are beating a rapid retreat but second liners are having a slightly better time of it, though most are still in arrears. Banks and miners are prominent among the blue-chip fallers. Lloyds and Standard Chartered are the worst performing banking stocks while HSBC is also lower a
Read moreLondon close: Stocks close lower as rally fizzles out
22nd Sep 2010 17:00
Footsie gave up a brief rally to close in the red on an uncertain day's trading in the wake of Federal Reserve chairman Ben Bernanke's nervous comments on US economic prospects yesterday. Shares in the US moved lower despite having rallied earlier. Similar sentiments to those expressed by Bernank
Read moreLondon afternoon: Miners shore up Footsie
22nd Sep 2010 14:45
Leading shares made steady progress over the lunch time session returning the blue-chip index more or less back to where it finished overnight. Mining stocks are primarily responsible for the Footsie's level position, with industrial metal miners such as Antofagasta, Kazakhmys and Rio Tinto now do
Read moreFTSE 100 movers: Miners head higher
22nd Sep 2010 13:03
Gold continues to rise in price as the dollar declines and that is propelling mining companies higher. Gold miners, such as Randgold Resources and African Barrick Gold, are higher while other miners, such as Xstrata and Antofagasta, are hoping that there will be more stimulus measures for the glob
Read moreLondon midday: Gold stocks shine in dull market
22nd Sep 2010 12:11
The market has been absorbed in interpreting smoke signals from the US and UK central banks today. In the US, the Federal Reserve left interest rates at just above 0% and said yesterday it expects the recovery to continue, but added "the pace of economic recovery is likely to be modest in the near-t
Read moreLondon close: Footsie gives up gains
17th Sep 2010 16:39
London's leading share index certainly made up for its early sluggishness on the last day of trading this week, but the day ended in disappointment as strong early gains evaporated. As is often the case, it was the US that was mostly responsible. Shares on Wall Street are broadly in the red followi
Read moreLondon afternoon: Footsie goes flat
17th Sep 2010 14:45
The afternoon session has seen Footsie heading backwards and even dipping below last night's level at one stage, and with company news thin on the ground the temptation for traders to make an early start to the week-end must be high. Invensys has been usurped from its position as best performing bl
Read moreLondon midday: Prices come off the top
17th Sep 2010 12:27
Having enjoyed a brief foray above 5,600 Footsie has slipped back below that level as miners come off the top, though the index remains in positive territory on the day. Invensys leads the way overall after the engineer became the exclusive supplier of railway signalling to Chinese rolling stock ma
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