London midday: Triple-digit losses for the Footsie
23rd May 2012 11:30
- Papademos says preparations being made for Greek exit - CBO warns of US recession - Chinese growth to be hampered if Greece leaves euro London blue-chip index was registering steep losses on Wednesday as gains from the last two days were almost completely erased ahead of the EU summit this evenin
Read moreFTSE 100 movers: Miners wanted as risk appetite increases
22nd May 2012 15:48
There were just a handful of stocks registering losses on Tuesday afternoon, mainly the defensives, as investors shifted back into 'riskier' assets following a week of heavy losses. Real estate investment trust (REIT) peers Land Securities and Hammerson were among the worst performers, joined by su
Read moreLondon midday: Stocks rise ahead of EU summit
22nd May 2012 12:00
- Miners wanted on Chinese stimulus speculation - Fitch downgrades Japanese rating - Markets await EU summit tomorrow, OECD backs eurobonds The FTSE 100 held on to its earlier gains by Tuesday lunchtime as investors look ahead to tomorrow's EU summit with optimism, as pressure builds on Eurozone l
Read moreLondon open: Footsie jumps one per cent early on
22nd May 2012 08:45
- ECB provides 100bn euros to Greece - Markets await EU summit - Miners, financials on the up early on London's blue chips surged in early morning trading on Tuesday as stocks continued to rebound following a poor performance last week ahead of an eagerly awaited summit of European leaders tomorrow
Read moreFTSE 100 movers: Miners start to edge higher
18th May 2012 14:47
Miners have been firmly under a cloud since Goldman Sachs lowered its forecast for second quarter growth in China's gross domestic product (GDP) to 7.9% from 8.5% previously, but today several stocks were seen to be rising. Fresnillo, Antofagasta, Polymetal and Kazakhmys were all seen heading high
Read moreLondon close: Footsie suffers another sell-off on euro concerns
17th May 2012 16:28
- Bank run speculation across Europe grips markets - Barroso wants Greece to stay in Eurozone - Moody's could downgrade Spanish banks Concerns over a potential bank run in Greece and uncertainty surrounding its possible exit from the Eurozone fuelled another sell-off on Thursday. Since the start of
Read moreLondon midday: Greek crisis continues to dampen sentiment
17th May 2012 11:59
- IMF tells Greece to stick to austerity - FOMC expresses concerns over euro crisis - Yields rise at Spanish bond auction, again Greek uncertainties, gloomy comments from the US Federal Reserve and rising bond yields in Spain knocked another one per cent off the value of the FTSE 100 on Thursday, a
Read moreBroker snap: Jefferies cuts targets across the mining sector
17th May 2012 10:41
Jefferies has reduced its target prices for miners under its coverage by around a tenth on average as macroeconomic concerns have increased in recent weeks. "Mining shares have recently underperformed commodities and the broader equity markets. We attribute this underperformance to several factors,
Read moreLondon open: Greek contagion fears sink stocks again
17th May 2012 08:41
- Greek exit contagion fears grip markets again - ECB stops support for some Greek banks - FOMC reveal concerns over the euro crisis The FTSE 100 was heading for a fourth straight fall on Thursday as concerns over contagion from the Greek debt crisis continued to cloud the outlook for the global ec
Read moreLondon pre-open: Stocks to track Asian stocks higher
17th May 2012 07:28
City sources predict the FTSE 100 will open up 14 points from yesterday's close of 5,405, tracking Asian stocks higher after Japan's economy expanded at an annualised rate of 4.1 percent in the first quarter of the year. Diversified mining group Vedanta Resources saw robust growth in revenue in th
Read moreAntofagasta's earnings have golden hue
17th May 2012 07:03
Higher gold prices and improved production volumes of copper and gold gave Antofagasta a boost in the first quarter of 2012. Group turnover rose 38.9% to $1,762m in the three months ended March 31st from $1,269m the year before, feeding through to group[ earnings before interest, tax, depreciation
Read moreMonday broker round-up - UPDATE
14th May 2012 07:48
Antofagasta: AlphaValue downgrades from add to sell, target cut from 1,201.3p to 915p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Chariot Oil & Gas: Jefferies keeps buy rating and 355p target; Merchant Securities keeps buy recommendation and 232.1p target. Dignity: In
Read moreLondon midday: Stocks lower before US non-farm payrolls
4th May 2012 12:10
- Miners drop on macro concerns, Australian growth - RBS rises after Q1 update - Markets await US non-farm payrolls The Footsie was firmly lower by Friday lunchtime as a sell-off in the mining sector outweighed a strong performance by the banks after some well-received results from Royal Bank of Sc
Read moreLondon open: Stocks fall but RBS bucks the trend
4th May 2012 08:29
- RBA cut GDP forecasts for 2012 - Markets await US non-farm payrolls - RBS rises after Q1 update, miners fall Miners dragged the Footsie into the red on Friday morning after Australia cut its economic growth forecast. Markets were showing caution ahead of non-farm payroll data due out in the US la
Read moreLondon close: Gains pared after comments from ECB's Draghi
3rd May 2012 16:37
- Stocks pare gains after Draghi offers no hints - US economic data comes in mixed - Mining and oil stocks weigh on Footsie After a decent start, gains for London's FTSE 100 were pared late on after a European Central Bank (ECB) press conference failed to boost confidence, meaning that the index fi
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