London midday: Five-day fall for Footsie
18th Nov 2011 11:57
With Eurozone troubles continuing to provide a drag, the Footsie had tumbled 1% by midday on Friday to 5,366, an intraday level not seen since last Thursday. This is now the fifth consecutive day of falls for London's blue chip index, which has steadily declined from last Friday's closing price of 5
Read moreLondon close: Footsie drops 1.6% as miners take a tumble
17th Nov 2011 16:39
The Footsie may have finished 50 points off its intraday low of 5,370, but the blue chip index still recorded a loss of 1.6% as the Euro-crisis showed no signs of abating. Positive economic data from the US provided a little lift in the afternoon, but the steep decline seen from the outset proved to
Read moreFTSE 100 Movers: Miners drag index lower
17th Nov 2011 14:34
The second half has been a mixed bag for top riser Rexam, with out-performance by its Beverage Cans business more or less cancelled out by continued weakness on the Plastic Packaging business. As a result, the performance of the packaging firm overall has been in line with the board's expectations.
Read moreLondon midday: Stocks weighed down by euro fears
17th Nov 2011 12:03
The Footsie was trading nearly 2% lower by midday, with early high riser Glencore even falling into the red, as concerns over the Eurozone continue to dampen market sentiment. SKY-HIGH YIELDS; CITI WARNS OF DEFAULT RISKS Markets turned sharply lower after the results of Spain's latest debt auction
Read moreAntofagasta JV hits road block in Pakistan
16th Nov 2011 13:40
Tethyan Copper Company, which is jointly owned by Chilean copper miner Antofagasta and Canadian miner Barrick Gold, has received a knock-back on a mining lease application in Pakistan. The government of the Pakistani province of Balochistan has rejected the application submitted by a Tethyan subsid
Read moreBroker snap: Evolution upgrades Antofagasta to neutral
15th Nov 2011 13:06
With Antofagasta's third quarter results showing an improvement at its Esperanza plant in Northern Chile, Evolution Securities has moved its recommendation on the stock from sell to neutral. The firm warned in June that the ramp-up of the Esperanza plant was taking longer than expected, causing it
Read moreTuesday broker round-up - UPDATE
15th Nov 2011 09:55
Lonmin: Goldman Sachs downgrades to sell from neutral. Antofagasta: Evolution Securities upgrades from sell to neutral, target cut from 1,200p to 1,110p. Standard Chartered: Evolution Securities maintains neutral rating and 1,800p target. Burberry: Merchant Securities keeps buy rating. Burberry:
Read moreLondon close: Late fall pushes Footsie into the red
10th Nov 2011 16:38
The Footsie swung between gains and losses on Thursday, but finished slightly in the red after US stocks retreated in mid-morning trade on Wall Street. US DATA OFFSET BY FRENCH CONCERNS Driving gains in the afternoon was economic news stateside. The US Labor Department said that initial unemployme
Read moreLondon midday: Italian yields fall, Experian leads recovery
10th Nov 2011 12:16
London's blue chip index has erased earlier losses to trade flat around lunchtime as Italian 10-year bond yields fell back below the critical 7% after the country's debt auction. Meanwhile, the Bank of England revealed at midday that it had kept interest rates at the record low level of 0.5%. ITALY
Read moreLondon midday: ARM & RBS lead the rise
4th Nov 2011 12:28
The Footsie's earlier gains were trimmed after midday after some key US jobs data came in worse-than-expected. The Bureau of Labor Statistics has revealed that 80,000 non-farm payrolls were added in October, well under expectations of a 95,000 gain. "Employment in the private sector rose, with mode
Read moreLondon open: Footsie heads lower as G20 heats up
3rd Nov 2011 09:08
BThe Footsie fell lower on Thursday morning, with investors keeping a cautious eye on developments in the Eurozone, as the G20 Summit begins to heat up in Cannes. GREEK ROWS ONGOING It's now make-or-break time for Greek prime minister George Papandreou, after German chancellor Angela Merkel and Fr
Read moreLondon close: US jobs data fuels rally
2nd Nov 2011 16:40
UK equities finished near their highest levels on the day after better-than-expected jobs data in the US gave a boost to markets this side of the Atlantic. The Footsie finished over 1% higher, despite falling into the red before midday, as investors continue to keep an eye on ongoing developments in
Read moreSector movers: Randgold leads miners higher
2nd Nov 2011 15:51
The mining sector was performing well on Wednesday, with constituents making average gains of 3.79%, as it recovers after bearing the brunt of a mass sell-off yesterday. Africa-focused gold miner Randgold Resources was a notable riser, jumping over 7% on the FTSE 100 after profits for the third qu
Read moreOutput up, costs down at Antofagasta
2nd Nov 2011 13:03
Chilean miner Antofagasta cranked up its production of copper and gold in the third quarter, while reducing the cost of digging the stuff out of the ground. Group copper production totalled 165,000 tonnes, a 4.0% increase compared with the previous quarter. This increase was mainly due to higher pr
Read moreLondon close: Footsie drops on fresh concerns for Greece
1st Nov 2011 16:47
With a surprise referendum vote on the Greek bail-out announced, a mass sell-off was seen in stock markets across the globe on Tuesday, not helped by some worrying manufacturing data at home and away. The Footsie may have finished some 78 points off its intraday lows, but that wasn't enough to pul
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