Sector movers: Miners lead losses on weak outlook for prices
15th Dec 2014 19:32
A renewed drop in oil prices coincided with a renewed bout of selling in equities across the globe. However, the largest losses were in fact sustained by miners. In a research note e-mailed to clients on Monday morning analysts at Credit Suisse explained the reasoning behind the substantial downgrad
Read moreLondon open: Sell-off continues as UK resource stocks tank
12th Dec 2014 08:42
The dramatic sell-off on the FTSE 100 continued into its fifth straight day on Friday as a weak finish on Wall Street and disappointing data from China hammered already-fragile sentiment on the market. London's benchmark index was down a staggering 1.3% at 6,377 early on, dropping below the 6,400 le
Read moreSector movers: Mining and oil stocks drop as ECB holds off on stimulus
4th Dec 2014 15:09
Cyclical sectors such as mining and oil were the worst performers of the day on Thursday as the wider stock market weakened in the absence of stimulus measures from the European Central Bank (ECB). The ECB held off from making a move at its meeting, saying instead that it would look at injecting sti
Read moreLondon pre-open: FTSE to extend gains ahead of busy session
3rd Dec 2014 07:44
Tracking gains seen in the US overnight, but tempered by a mixed session in Asia, City sources predict the FTSE 100 will open around 11 points higher than Tuesday's close of 6,742.10. Attention is expected to move some degree away from oil, which has dominated markets in recent days, and turn instea
Read moreCodelco veteran jumps ship to Antofagasta
3rd Dec 2014 07:08
Chile-focused copper producer Antofagasta has pinched a resource industry veteran from rival Codelco, naming him as the new boss of its mining division. Iván Arriagada Herrera will become the chief executive officer (CEO) of Antofagasta Minerals on 16 February 2015. Arriagada, 51, has been working
Read moreLondon midday: UK stocks on track for two-week low as factory data disappoints
1st Dec 2014 11:28
UK stocks dropped on Monday and were set to close at their lowest level in over two weeks as disappointing economic data and weaker oil prices pushed shares in the resource sectors lower. Aberdeen Asset Management was a standout riser after impressing with its annual results, but oil producers and m
Read moreFTSE 100 movers: Mining and telecom stocks on the rise
26th Nov 2014 15:29
MIning stocks were leading the risers on the FTSE 100 on Wednesday, rebounding after recent declines. Antofagasta topped the list, rising 3.7%, with peers Anglo American, Fresnillo and Randgold also registering decent gains. BT Group was continuing to rise after saying that it was in talks with vari
Read moreLondon midday: UK stocks rise but gains limited by Kingfisher, resource stocks
25th Nov 2014 11:31
UK stocks edged higher on Tuesday, though gains were being limited by falls in the heavyweight resources sector and a drop in the share price of DIY retailer Kingfisher. The FTSE 100 trading 0.1% higher at 6,737 by midday, though was underperforming stocks across Europe with the STOXX Europe 600 ind
Read moreLondon open: Oil and mining stocks limit gains on FTSE
25th Nov 2014 08:22
Falling oil and mining stocks and a poorly-received update from Kingfisher were limiting gains on the FTSE 100 on Tuesday morning, as investors awaited a wave of global economic data. London's benchmark index was trading just 0.1% higher at 6,737 within the opening hour. The Footsie had dropped 0.3
Read moreTuesday tips round-up: Petrofac, Miners
25th Nov 2014 07:12
As an investment alternative Petrofac is fit for purpose, if you're a gambler of course. Yes, there is the decline in the oil price to contend with, but the root of the problem lies in its energy services division, which was supposed to be the engine for growth. An integral part of its business mode
Read moreSector movers: Mining stocks rally on Chinese stimulus, but defensives fall
21st Nov 2014 15:20
A surprise interest-rate cut in China saw equity markets surge on Friday with cyclical mining stocks benefiting and defensive stocks feeling the brunt from an increase in risk appetite. Cyclical sectors are those that are closely and positively correlated to economic activity and, in the case of the
Read moreFTSE 100 movers: Miners jump as China cuts interest rates, oil stocks rise
21st Nov 2014 15:03
Mining stocks were dominating the risers list on the FTSE 100 on Friday after China's central bank surprised with an interest-rate cut in an effort to boost growth, raising hopes that the top metals consumer will be able to avert a hard landing. Anglo American, Fresnillo, BHP Billiton, Rio Tinto, An
Read moreLondon midday: UK stocks surge on PBoC stimulus, ECB hopes
21st Nov 2014 12:00
UK stocks jumped on Friday as resources shares raced ahead after China's central bank surprised the market with its first interest-rate cut in two years in an effort to boost growth. After falling for the last two sessions, the FTSE 100 was up 0.8% at 6,733 by midday with the heavyweight mining and
Read moreLondon open: Oil and mining stocks push FTSE higher early on
21st Nov 2014 08:35
The UK stock market rebounded on Friday morning after two days of declines, as mining shares recovered after recent losses. Concerns about slumping iron-ore prices - currently trading at five-year lows - and slowing growth in China weighed heavily on the heavyweight resources sector in London on Thu
Read moreSector movers: Miners sideswiped as Chinese manufacturing stagnates
20th Nov 2014 14:32
UK-listed mining stocks were bearing the brunt of the selling pressure on Thursday as disappointing economic data from across the globe - China in particular - hit market sentiment. Resource shares, often sensitive to news-flow from top metals user China, took a hit when it emerged that the nation's
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