London open: ICAP leads strong rise for Footsie
1st Feb 2012 08:23
The Footsie opened in positive territory, rising well above the 5,700 level, after better-than-expected Chinese data and rumours of progress in Greece lifting the mood early on. European markets have opened strongly as investors await Eurozone manufacturing data later this morning. The HSBC China m
Read moreAntofagasta beats 2011 copper output targets
1st Feb 2012 07:31
Mining giant Antofagasta saw full-year production rise 22.9% to surpass its earlier guidance after a strong end to the year. Group copper production rose 13.3% in the fourth quarter to 187,000 tonnes, helping full-year production increase to 640,500 tonnes, compared with 521,100 tonnes in 2010. Ant
Read moreLondon close: Euro worries drag Footsie down 1.1%
30th Jan 2012 17:13
Just nine stocks in the FTSE 100 finished above water on Monday as the Eurozone crisis weighed heavily on sentiment. With the borrowing rate of Portuguese debt surging, Greek talks still unresolved and an EU summit taking place, a risk-off attitude swept across the market today with resource stocks
Read moreFTSE 100 movers: Banks and miners weigh footsie down
30th Jan 2012 13:18
The banks were in the red as the euro crisis drags on, with Lloyds, Standard Chartered and Royal Bank of Scotland (RBS) among the worst performers. Lloyds is rumoured to be shaking up its management structure, according to the Financial Times. Sources quoted by Reuters indicate that an announcement
Read moreLondon midday: Stocks fall ahead of EU summit
30th Jan 2012 11:55
London's blue chip index had fallen close to its lowest levels of the day by lunchtime ahead of the EU summit in Brussels. Meanwhile, markets were still digesting the downgrade of five Eurozone nations on Friday and the talks between the Greek government and private creditors that are still ongoing.
Read moreLondon close: US data, Greek talks weigh on FTSE 100
27th Jan 2012 16:26
With economic growth in the world's largest economy surprising to the downside, miners and oil stocks were sold off on Friday, dragging the Footsie near to its lowest levels of the day by the close. Meanwhile, uncertainty in regards to debt-swap talks in Greece continued to weigh on investors' minds
Read moreLondon open: Footsie flat, Vodafone rises on Indian tax ruling
20th Jan 2012 08:28
The Footsie opened flat on Friday morning, with a rise in the banking sector being offset by resource stocks. The blue chip index nudged just a few points lower to 5,738 in early trading, following yesterday's 0.7% rise on the back of strong macro data and an improving outlook in the Eurozone. In o
Read moreLondon open: Footsie pulls back early on
11th Jan 2012 08:16
The FTSE 100 nudged lower in early trading on Wednesday despite a decent start for retailers, as investors pause for breath following yesterday's sharp rise, which was sparked by the announcement that Fitch does not intend to downgrade France this year. After a strong showing yesterday, the heavywe
Read moreSector movers: Miners rise on China data
10th Jan 2012 17:07
Miners were posting impressive gains on Tuesday after China posted a better-than-expected trade surplus. According to analyst Colin Cieszynski from CMC Markets, "This was due to much lower than expected imports suggesting that the Chinese economy remains sluggish and increasing speculation that mo
Read moreLondon close: Footsie closes up 1.5% on mining surge
10th Jan 2012 16:53
The Footsie closed near its highest levels of the day at 5,697, breaking through the 5,700 mark briefly in late afternoon trade. Upbeat economic data from China along with news that Fitch doesn't intend to downgrade France this year lifted the mood across Europe today with benchmark indices across t
Read moreFTSE 100 Movers: Miners lead index higher
10th Jan 2012 14:46
Miners were leading the rise on Tuesday, with Vedanta Resources, Kazakhmys and Antofagasta gaining ground after some positive economic data from China boosted sentiment. China's trade balance widened from $145.3bn to $165.2bn in December and while import growth on the whole had slowed, imports for c
Read moreLondon midday: Resource stocks lift Footsie, Gulf Keystone jumps
10th Jan 2012 12:00
Resource stocks performed well in morning trade, lifting the FTSE 100 over 1.1% higher. Miners were gaining ground after some positive economic data from China boosted sentiment, while Cairn Energy was on the up after detailing its $3.5bn cash return to shareholders. A big mover was Gulf Keystone,
Read moreLondon close: Footsie drops after Merkozy meeting
9th Jan 2012 16:59
The FTSE 100 finished close to its lowest levels of the day with resource, pharmaceuticals and banking stocks providing a drag in the afternoon session. German Chancellor Angela Merkel and French President Nicolas Sarkozy gave a press conference earlier today in which they outlined details of their
Read moreFTSE 100 Movers: InterContinental rises after upgrade
9th Jan 2012 15:27
InterContinental Hotels was rising after Deutsche Bank upgraded its rating from hold to buy. Investec has kept its positive stance on the temporary power rental market and says that the investment case remains "compelling", with the temporary power and temperature control provider Aggreko getting a
Read moreLondon midday: Eyes on Merkozy meeting as Footsie falls
9th Jan 2012 11:43
London's blue chip index was trading slightly lower by midday, following a moderate rise early on, with all eyes on the meeting between Angela Merkel and Nicolas Sarkozy. The German Chancellor and French Prime Minister are to hold a press conference in the next hour in which they are expected to d
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