London close: Stocks finish lower
17th Jun 2009 16:31
London's leading shares have finished in the red, not getting any help from a mixed start on Wall Street. Miners dominated the fallers with Vedanta Resources, Kazakhmys, Antofagasta, Xstrata, Eurasian Natural Resource amongst the major sliders. Sainsbury's was one of the two non mining stocks to
Read moreTechnical Analysis: Miners out of favour
17th Jun 2009 13:28
A sharp turn around in commodity prices has seen the mining sector go into reverse since the beginning of the month, as profit-taking on the rises of the last few weeks starts to kick in. The LMEX base metal index has dropped from a peak of 2555.1 on the 11th June to close at 2,386.6 Tuesday night
Read moreLondon midday: Miners drag Footsie
17th Jun 2009 11:01
London's top stocks are deep in the red with miners lower and supermarket firm Sainsbury's also down. Vedanta Resources, Kazakhmys, Antofagasta, Xstrata, Eurasian Natural Resource are amongst the major fallers. Sainsbury's is the only non mining stock to perforate the top ten sliders. The superma
Read moreLondon close: Triple digit fall for Footsie
15th Jun 2009 17:09
Footsie suffered a triple digit fall today with virtually all blue-chip stocks except defensive favourites such as utilities having their foot jammed hard down on the reverse pedal. Resource stocks led the decline as metals and oil prices moved lower. Platinum miner Lonmin was the weakest stock in
Read moreLondon afternoon: Prices steady at lower levels
15th Jun 2009 14:32
The market moved sideways over the lunch-time session, with the Footsie remaining deep on the red, despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almo
Read moreLondon midday: Dollar rise knocks resource stocks
15th Jun 2009 12:04
London had a difficult morning despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almost immediately squashed by the IMF saying the opposite. It believes
Read moreLonmin's Number One furnace shut down
15th Jun 2009 07:03
Lonmin is sharply lower, down more than 8%, after the platinum miner shut down its Number One furnace following a matte run-out yesterday. The group's initial estimate is that a full repair of the vessel is likely to take around 30 days. In order to mitigate the impact on production of this shut
Read moreLondon close: Footsie ends down
12th Jun 2009 16:34
London's top stocks have finished slightly lower despite a late flurry as a lacklustre start on Wall Street kept stocks down. Indian refiner and miner Vedanta led the mining sector lower after saying it is to raise $1bn through an issue of convertible bonds, though major shareholder Volcan has decl
Read moreLondon afternoon: Stocks still in the red
12th Jun 2009 15:08
London's top stocks are still in the red, with a lower start on Wall Street adding to the earlier pressures. Indian refiner and miner Vedanta leads the mining sector lower after saying it is to raise $1bn through an issue of convertible bonds, though major shareholder Volcan has declined to take p
Read moreLondon close: Banks boost Footsie late
11th Jun 2009 16:33
London rallied strongly late on, helped by gains for banks, which outweighed profit taking among the big mining stocks and weakness among oil users as the price of crude rose again. Speculation is growing about the timing of the government's withdrawal from ownership of large stakes in Royal Bank
Read moreLondon close: Miners buoy Footsie
10th Jun 2009 16:37
Footsie finished higher but with much diminished gains after surging in early dealings led by buoyant mining stocks then falling back as Wall Street retreated. Miner ENRC surged ahead after it said sales and production volumes during the first quarter were better than prior expectations though pri
Read moreLondon afternoon: Equities off the top
10th Jun 2009 15:06
Shares have eased back in the first half of the afternoon session, though Footsie remains in positive territory. Miners and banks remain the best performers. Miner ENRC surges ahead after it said sales and production volumes during the first quarter were better than prior expectations though pricin
Read moreLondon midday: Miners continue to rally
10th Jun 2009 12:19
Footsie is up more than 100 points with miners and banking shares driving the market forward. Miner ENRC is one of the main risers. Today it said sales and production volumes during the first quarter were better than prior expectations though pricing pressures remain. Vedanta, Xstrata, Kazakhmys, R
Read moreLondon open: Miners lift Footsie
10th Jun 2009 08:49
London's blue chips have made good gains early on with miners pushing on strongly. Miner ENRC leads the blue chip index. Today it said sales and production volumes during the first quarter were better than prior expectations though pricing pressures remain. Vedanta, Kazakhmys and Antofagasta are al
Read moreLondon open: Blue chips start well
9th Jun 2009 08:47
Last night's late recovery in Wall Street has given London a modest boost this morning. Lloyds is going well on reports it is to axe a further 1,500 jobs and close the branch network of Cheltenham & Gloucester. Miners are also in demand again following yesterday's rally in the US. Vedanta and Antof
Read more