London afternoon: Winning streak in danger
27th Jul 2009 14:34
Footsie has dipped back into the red, with sentiment taking a knock from Wall Street's soft opening. Were the Footsie to finish higher today it would equal a record streak of 11 successive days of gains. Pearson remains the best performer on a much better than expected trading update. The publishin
Read moreLondon midday: Pearson beats expectations
27th Jul 2009 12:07
Strong mining stocks are supporting the Footsie's quest to achieve a record breaking 12th successive day of gains today. Lonmin leads the mining sector higher after Goldman Sachs upgraded the stock to "neutral" from "sell". Kazakhmys and Antofagasta are the next best performers. Pearson remains th
Read moreLondon open: Footsie on course for record streak
27th Jul 2009 08:20
London's winning streak continues with Footsie still firmly on course for a record-equalling eleventh straight day of gains. Twelve days of gains would make this streak the best ever for Footsie. Pearson is the best performer on a much better than expected trading update. Pearson upped its interim
Read moreLondon close: Stocks pull out of tailspin
14th Jul 2009 17:09
Indecision on Wall Street prompted a spell of profit taking in the UK in the middle of the afternoon session which threatened to wipe out the morning's gains, but London's blue-chips rallied at the death to keep the Footsie in the blue. Mining stocks were the best performers with silver miner Fresn
Read moreAntofagasta buys stake in Hornitos power plant
13th Jul 2009 15:57
Antofagasta said its Antofagasta Railway unit has exercised an option on 3 July to acquire a 40% stake in Inversiones Hornitos from French energy giant GDF Suez, which will continue to hold the remaining 60% interest. Inversiones Hornitos is the owner of the 150 MW Hornitos thermoelectric power p
Read moreBroker tips: Astra, Tullow, Miners
8th Jul 2009 12:02
Producers of generic alternatives to AstraZeneca's prostate cancer drug Casodex have been slow off the mark and this has created an unexpected windfall for the UK drugs giant. US drugs firms Mylan and Caraco received approval from the US Food and Drugs Administration (FDA) yesterday to start shippi
Read moreBroker snap: Bargains to be had in mining sector
8th Jul 2009 11:12
Mining stocks have fallen out of favour over the last month, with the sector down by one-seventh, and this has encouraged brokers Investec and Citigroup to advise clients to look at the sector for bargains. Investec has upgraded BHP Billiton and Rio Tinto from "hold" to "buy" in the wake of share p
Read moreLondon open: Down as banks await fate
8th Jul 2009 09:00
Footsie has slipped in early dealings after a three-digit fall on Wall Street last night. Miners are going well despite the fall on Wall St overnight led by Rio Tinto, BHP Billiton and Antofagasta. Banks will be in focus later on when Chancellor Alistair Darling unveils the government's White Pape
Read moreLondon close: Late rally fizzles out
6th Jul 2009 16:37
Footsie made a brief attempt to lift itself into the blue in late trading but finished where it spent most of the day: firmly in negative territory. Declining metal and oil prices took their toll on resource stocks. Copper miners Lonmin and Kazakhmys are among the big fallers, despite both stocks b
Read moreLondon afternoon: Defensives in favour as stocks slide
6th Jul 2009 14:26
Footsie is halfway to a triple digit fall as resource stocks drag the market lower, with many pundits suggesting that the market may have bounced back too far since it reversed course in March. Declining metal and oil prices are taking their toll on resource stocks. Copper miners Lonmin and Kazakhm
Read moreBroker tips: Miners, Housebuilders, Aegis
6th Jul 2009 13:11
Mining stocks dragged the Footsie lower on Monday morning despite some positive comment from Deutsche Bank. The German bank has upgraded Latin American copper miner Antofagasta from "sell" to "hold" and bumped up the target price from 317p to 527p. Kazakhi copper miner Kazakhmys also gets the upg
Read moreLondon midday: Miners drag Footsie down
6th Jul 2009 12:07
Resource stocks have dragged Footise lower and with Wall Street predicted to open lower there is little prospect of a transatlantic boost in the afternoon session. Declining metal and oil prices are taking their toll on resource stocks. Copper miners Lonmin and Kazakhmys are among the big fallers,
Read moreBroker snap: Copper and platinum miners get a lift
6th Jul 2009 12:01
Mining stocks dragged the Footsie lower on Monday morning despite some positive comment from Deutsche Bank. The German bank has upgraded Latin American copper miner Antofagasta from "sell" to "hold" and bumped up the target price from 317p to 527p. Last week Antofagasta announced plans to team up
Read moreFTSE 100 movers: Miners prove popular
1st Jul 2009 15:37
Miners are hot property midweek as metal prices rally. Vedanta Resources, Eurasian Natural Resources, Antofagasta, Kazakhmys and Xstrata hog the top spots as gold jumped over $13 an ounce and copper improved. The red metal headed higher following strong Chinese manufacturing data, while decreasing
Read moreLondon close: US economic data hits Footsie
30th Jun 2009 16:26
It looked like another flat day for the FTSE 100 heading into the second half of the year until shares took a sharp dive following some unappetizing economic date in the US. The US Conference Board's index of consumer sentiment fell to 49.3 in June, down from a revised 54.8 in May. Economists had b
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