London afternoon: Rally continues
6th Jul 2010 14:03
London stocks made further headway over the lunchtime session, with banks and miners still leading the way. Antofagasta, Kazakhmys, Xstrata, Vedanta and Rio Tinto are the stand out performers in the mining sector, as commodity stocks come back into fashion after their recent buffeting, though gold
Read moreLondon midday: Equities advance on broad front
6th Jul 2010 12:14
Footsie ended the morning sporting a triple digit gain with just a couple of index constituents failing to participate in the advance. Banks and miners are vying to drive the market higher with miners winning through weight of numbers. Antofagasta, Kazakhmys, Xstrata, ENRC and Rio Tinto are the s
Read moreLondon open: Miners race away
6th Jul 2010 08:54
Miners and oil groups have sent Footsie racing ahead this morning. BP is again leading the way. It has denied looking to raise new money from sovereign wealth funds, but is just highlighting its strengths to potential investors. Tullow Oil has had a "very good" first half during which production
Read moreLondon close: Footsie drops slightly
5th Jul 2010 16:33
London's main markets closed slightly lower after trading within a tight range all day. BP was the strongest blue chip all day on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf di
Read moreLondon afternoon: London continues drifting
5th Jul 2010 14:21
London shares are stuck in neutral, with the Footsie barely changed on the day. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf disaster. The cost
Read moreMARKET TALK: Super-Tax Change Clearly Good For Miners
2nd Jul 2010 07:57
0657 GMT [Dow Jones] The replacement of the Australian resource super profits tax with another regime is clearly good news for all Australian mining companies, says Seymour Pierce. Says this is particularly good for non-ferrous producers such as Norseman Gold (NGL.LN), rated at buy. Says a policy tr
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Jul 2010 07:57
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0657 GMT [Dow Jones] The replacement of the Australian resource super profits tax with another regime is clearly good news fo
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Jul 2010 06:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0558 GMT [Dow Jones] It is not surprising that Australian government's mining super-tax has not progressed in its original f
Read moreMARKET TALK: Still A Long Way To Go For Australian Mining Tax
2nd Jul 2010 06:58
0558 GMT [Dow Jones] It is not surprising that Australian government's mining super-tax has not progressed in its original form, says a trader, considering the criticism directed towards it. Thinks now that the Australian government has negotiated a reduction in the headline rate to 30% from 40%, i
Read moreChile's Codelco,Antofagasta Plan Exploration Joint Venture:Report
30th Jun 2010 13:55
SANTIAGO (Dow Jones)--State copper company Corporacion Nacional del Cobre de Chile and London-listed Chilean mining company Antofagasta PLC (ANFGY, ANTO.LN) are planning an exploration joint venture, the newspaper El Mercurio reported Wednesday. Codelco, as the state mining company is known, wou
Read moreFTSE 100 movers: Resources companies hold up index
28th Jun 2010 15:27
Mining companies are helping to keep Footsie modestly ahead on the day. Fresnillo, Randgold Resources, Lonmin and Antofagasta are all higher. Recent index entrant Essar Energy is also strong after an initiation note from JPMorgan Cazenove was published with an overwieght rating for the Indian oi
Read moreMARKET TALK: Miners Rise As Australian PM Reportedly Quits
23rd Jun 2010 13:25
1225 GMT [Dow Jones] Miners are on the rise in London after Sky TV reports that the Australian Prime Minister has agreed to resign from his post. Traders note that miners with links to the region are rallying hard. BHP Billiton is +0.6% and Rio Tinto is +0.8%. Furthermore, the FTSE 350 mining sector
Read moreMARKET TALK: Morgan Stanley Adjusts Targets On UK Miners
23rd Jun 2010 09:45
0845 GMT [Dow Jones] Morgan Stanley adjusts target prices on UK miners, following new quarterly commodity forecasts. "Although the order of magnitude of the earnings changes is lower than in previous quarters, we focus investors' attention on the relatively undemanding valuations." Raises African Ba
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 09:45
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0845 GMT [Dow Jones] Morgan Stanley adjusts target prices on UK miners, following new quarterly commodity forecasts. "Althoug
Read moreLondon afternoon: Miners lead the advance
21st Jun 2010 14:20
China's decision to delink the yuan from the US dollar has provided UK stocks with a lift and calmed nerves ahead of tomorrow's hair-shirt Budget from chancellor of the exchequer George Osborne. Miners are the main beneficiaries of the optimism engendered by China's move, with Vedanta, Rio Tinto, X
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