London close: Miners lead the decline as China cuts GDP forecast
5th Mar 2012 16:36
- Chinese growth forecasts dampens miners. - UK and Eurozone PMIs disappoint. - Steering Committee to participate in Greek debt swap. London's blue chip index fell to its lowest level of the day on Monday as concerns over the global economy dampened the mood. Miners bore the brunt of the sell-off i
Read moreLondon close: Stocks finish higher after volatile session
28th Feb 2012 17:08
- Ireland to hold referendum on fiscal compact. - US economic data comes in mixed. - GKN leads fallers after full-year results. The Footsie finished just 0.2 percent higher on Tuesday as losses over lunchtime were pared in the afternoon with stocks seesawing on some mixed economic data in the US. S
Read moreFTSE 100 movers: GKN drops despite hiking divi
28th Feb 2012 14:49
Automotive and aerospace engineer GKN dropped into the bottom spot despite hiking its total dividend by a fifth after seeing double-digit growth in both sales and profits in 2011. The group did report a subdued performance in GKN Aerospace as it has struggled with governments' defence spending remai
Read moreLondon open: Lloyds tumbles but Footsie stays flat
24th Feb 2012 08:26
- Lloyds drops after gloomy outlook. - Hammerson up as NAV rises 7%. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie opened broadly flat on Friday as a strong rise by Capita and Hammerson managed to offset a fall in the mining and banking sectors following a negative reaction t
Read moreLondon midday: Risk appetite increases on Greek bailout hopes
20th Feb 2012 11:32
- Miners jump as investors seek riskier assets. - Officials optimistic about securing Greek bailout. - PBoC cuts RRR for banks. With the possibility of a Greek bailout edging closer, and China moving to ease fears of a 'hard-landing' over the weekend, UK stocks had extended gains by lunchtime, wit
Read moreLondon open: Buying boosted by Greece, China
20th Feb 2012 08:26
- Decision day for Greece, hopes of a bailout approval boost stocks. - PBoC cuts RRR for banks. - Miners, oil stocks perform well early on. Just a handful of stocks were in the red in early trading on Monday, as market sentiment was lifted by hopes that Greece can secure its next tranche of aid. Me
Read moreLondon close: Losses pared after US data, Greece still a concern
16th Feb 2012 16:35
- Losses pared after US data. - Miners track metals prices lower. - European leaders weighing up ECB role in Greek aid. London's blue chip index finished in the red on Thursday but well off its intraday lows after US economic data came in stronger than expected in the afternoon. Nonetheless, concer
Read moreSector movers: Thorntons surges as retailers rise
16th Feb 2012 15:53
Food and drug retailers were on the rise on Thursday as developments in Europe's crisis prompted investors to shift away from (relatively) 'riskier' assets such as mining stocks. Sector heavyweights Sainsbury, Morrison and Tesco were among the top 10 rising stocks on the FTSE 100 in afternoon tradi
Read moreLondon midday: Stocks off lows but still firmly in the red
16th Feb 2012 11:40
- Greek bailout hit by more delays. - Moody's reviews ratings on 114 European financial institutions. - Real Eurozone GDP forecasts slashed in ECB survey. The FTSE 100 has come off its intraday low of 5,831 but still remains firmly in the red as delays in Greece, a warning to banks from Moody's an
Read moreLondon close: Greek optimism buoys Footsie
13th Feb 2012 16:39
- Stocks rise as Greece approves austerity package. - CBI cuts UK GDP forecasts. - Vodafone confirms potential takeover of C&W Worldwide. Stocks managed to hold on to gains on Monday as Greece moves one step closer to securing the next crucial tranche of aid. Mining and financial stocks led the ri
Read moreSector movers: Miners rise as Greek outlook improves
13th Feb 2012 14:48
Miners were the best performers of the day on Monday on the back of the improving outlook for Greece. Yesterday, Greek politicians voted to approve the austerity measures designed to cut €3.3bn from the deficit and achieve the approval of the issuance of the second financing package. The new €130bn
Read moreFTSE 100 movers: Miners buoyed by Greek deal
13th Feb 2012 13:07
Antofagasta lead the risers, closely followed by its fellow miners, after the Greek deal sparked a rise in the euro against the dollar, sending greenback-denominated metals´ prices higher. Anglo American, Kazakhmys, Rio Tinto and Xstrata were all making gains of at least 2%, with Anglo American pe
Read moreLondon midday: Stocks extend gains and banks, miners advance
13th Feb 2012 11:40
- Stocks rise as Greece approves austerity package. - Banks miss 'Project Merlin' lending targets. - Vodafone confirms potential takeover of C&W Worldwide. The Footsie was trading a whole percentage point higher by midday, with banks and miners extending gains from the morning session, following
Read moreLondon open: Stocks jump on Greek austerity vote
13th Feb 2012 08:21
- Stocks rise as Greece approves austerity package. - Vodafone confirms potential takeover of C&W Worldwide. - Miners track metal prices higher. UK stocks rose strongly on Monday morning following the news that the Greek parliament voted to approve the tough austerity measures needed to secure the
Read moreLondon open: Footsie down after Eurogroup, but Barclays rises
10th Feb 2012 08:34
- Barclays rises after cutting bonuses, but profits fall. - Eurogroup fails to approve Greek package. - BCC welcomes BoE's QE boost. UK stocks opened cautiously with Eurozone finance ministers last night failing to approve the latest round of Greek aid. Yesterday afternoon, Greek Prime Minister Lu
Read more