London close: Seventh day of gains for Footsie
17th Jun 2010 16:46
London's blue chips rose for the seventh day running as BP took some comfort from the $20bn deal agreed with US president Obama. Banks also rallied on the new plans for City regulation set out yesterday. This afternoon, the coalition government also axed 12 projects costing £2bn, suspended another
Read moreLondon afternoon: Stocks drift off highest levels
17th Jun 2010 14:12
Leading shares saw their gains trimmed over the lunch time session, despite expectations of a firm start on Wall Street. BP and the banks continue to lead the market higher. Under fire oil giant BP remains the top performer after yesterday's meeting between BP officials and the US president. BP h
Read moreLondon midday: Spanish bond sale boosts banks
17th Jun 2010 12:05
BP and the banks are leading the market higher, with the latter in demand after concerns over Spain's ability to raise money on the bond markets were eased by the latest Spanish bond auction, which saw a higher level of demand than the March offering. Royal Bank of Scotland, Lloyds Banking and Bar
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
17th Jun 2010 10:14
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0914 GMT [Dow Jones] Societe Generale upgrades Antofagasta (ANTO.LN) to hold from sell on valuation grounds. Reckons the m
Read moreMARKET TALK: SocGen Upgrades Antofagasta To Hold From Sell
17th Jun 2010 10:14
0914 GMT [Dow Jones] Societe Generale upgrades Antofagasta (ANTO.LN) to hold from sell on valuation grounds. Reckons the market has turned excessively gloomy on the outlook for commodities in general. Thinks base metals prices will trend higher as Chinese infrastructure spending remains very strong,
Read moreLondon open: BP shares jump
17th Jun 2010 08:29
BP is leading London's blue chips higher in early dealings on Thursday following yesterday's meeting with the US president. BP has cancelled dividends for the rest of the year and agreed to a demand from US president Obama to put $20bn in an escrow account to cover claims resulting from the oil spi
Read moreETF INVESTOR: Copper ETFs Hit By Economic Woes, Stronger Dollar
14th Jun 2010 12:52
By John Spence A DOW JONES COLUMN Copper exchange-traded funds are deep in the red for 2010 despite recovering somewhat last week, as concerns about the global economy and a rising U.S. dollar have weighed on returns. After peaking in April, copper is on its longest slide in more than a
Read moreChile Mining Sector To Benefit From Australia Tax Changes-Minister
14th Jun 2010 12:36
(This article was originally published Friday.) SANTIAGO (Dow Jones)--The Chilean mining industry stands to benefit from the stir the proposed Resource Super Profits Tax is causing among miners in Australia, said Chile's Mining Minister, Laurence Golborne. Mining companies including Anglo-A
Read moreChile Mining Sector To Benefit From Australia Tax Changes-Minister
11th Jun 2010 23:14
SANTIAGO (Dow Jones)--The Chilean mining industry stands to benefit from the stir the proposed Resource Super Profits Tax is causing among miners in Australia, said Chile's Mining Minister, Laurence Golborne. Mining companies including Anglo-Australian giants BHP Billiton (BHP.AU) and Rio Tinto
Read moreLondon afternoon: US retail sales data spooks equities
11th Jun 2010 14:40
Footsie's morning gains evaporated over the lunchtime session after much worse than expected US sales figures were released. US retail sales had been expecting to rise 0.3% in May after climbing 0.4% in April but instead of rising they took a step back for the first time since September, falling 1
Read moreLondon open: BP revival lifts Footsie
11th Jun 2010 08:58
A revival by BP has started Footsie off on the front foot this morning after a surge by oil stocks on Wall Street overnight. BP is the best performer. The company yesterday reported the amount of oil is capturing from the Gulf of Mexico leak has risen to 15,800 barrels per day, though an upward rev
Read moreAntofagasta:Los Pelambres At Full Capacity;Confirms FY Target
9th Jun 2010 12:28
LONDON (Dow Jones)--London-listed Chilean miner Antofagasta PLC (ANTO.LN) Wednesday said the brownfield plant expansion at its Los Pelambres copper mine was recently completed and is now running at full capacity, despite slight delays due to the Chilean earthquake. Antofagasta Chairman Jean-Paul
Read moreAntofagasta Welcomes Chile's Respect For Tax Regime, Changes
9th Jun 2010 00:09
By Alex MacDonald and Carolina Pica Of DOW JONES NEWSWIRES LONDON (Dow Jones)--London-listed Chilean mining company Antofagasta PLC (ANTO.LN) on Wednesday said it welcomed the Chilean government's decision to respect the stability of previous tax agreements with companies even as it consider
Read moreFTSE 100 movers: Bank shares slump
25th May 2010 15:26
Concerns about the banking sector in the EU have hit Footsie and there are no risers today. The London Interbank Offered Rate has been rising because of worries about the health of the banking system. In Spain, regulators are plotting consolidation in the Spanish banking sector. Lloyds Banking,
Read moreLondon afternoon Markets in full-scale retreat
25th May 2010 14:35
Shares are in full-scale retreat around the World with the Dow over 250 points lower soon after the opening bell. London is lower by a similar amount in percentage terms, as concerns over a possible bail-out of Spain and growing military tensions between North and South Korea. Moves by Spanish reg
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