FTSE 100 Movers: Man Group leads the way lower
1st Nov 2011 13:57
Man Group was heading lower despite Credit Suisse reiterating its outperform rating and 235p target on the stock. The stock has been contaminated by association with its former subsidiary, US futures broker MF Global, which applied for bankruptcy yesterday. Barclays was close behind after UBS downg
Read moreLondon midday: Mass sell-off on Greek default risks
1st Nov 2011 12:02
News that Greece is to hold a referendum on its latest bailout package and some worrying economic data at home and away rattled the markets on Tuesday, with the Footsie dropping close to 3%, while other European benchmarks fell by between 4% and 5%. GREEK REFERENDUM SCARES MARKETS The decision by
Read moreLondon open: Greek referendum rattles Footsie
1st Nov 2011 09:12
The Footsie lost a further 2% on Tuesday morning on the news that Greece is to hold a referendum on the latest bailout announced last week. The decision by George Papandreou, the Greek Prime Minister, to hold a referendum on the details of the Greek bailout tortuously negotiated by Eurozone leaders
Read moreLondon close: Miners plummet, Footsie drops 2.8%
31st Oct 2011 16:33
London's blue chips registered an average fall of 2.77% on Monday as a steep sell-off in the heavyweight mining sector dragged the Footsie down to 5,544, 158 points off Friday's close of 5,702. Just three stocks finished the day with gains. The steady decline continued following a dreary start on W
Read moreLondon close: Nervy FTSE 100 closes higher
26th Oct 2011 16:47
It was another see-saw day for the FTSE 100 amid continued wrangling over the Eurozone crisis, but the top share index closed higher in line with a broadly higher showing on Wall Street. MARKETS AWAIT CRUCIAL MEETING Today's planned meeting of European Union Finance Ministers (ECOFIN) has been re
Read moreFTSE 100 Movers: Next takes a tumble
26th Oct 2011 13:03
Next was one of the worst performing stocks on the FTSE 100 on Wednesday after Deutsche Bank downgraded the high street giant from buy to hold, saying that it expects share price upside to remain muted until after Christmas. The German broker notes that Next has been the second best performing sto
Read moreLondon midday: Miners gain on euro risk aversion
26th Oct 2011 12:00
The Footsie traded sideways in morning trade, as investors cautiously await today's key EU summit. Markets will be vigilant to any developments in the Eurozone during today's session, but many are expecting European leaders not to provide the "comprehensive solution" that they had initially promised
Read moreLondon close: Banks drag market lower after Fitch downgrade
13th Oct 2011 16:34
A late rally drove the Footsie back above the 5,400 mark, but the blue chip index still finished 0.71% down after Fitch dampened sentiment in the banking sector. Not helping the mood was the International Monetary Fund (IMF) which lowered its growth forecasts for Asia for this year and next. The re
Read moreFTSE 100 movers: Rolls-Royce tops the chart
13th Oct 2011 12:36
Global power systems firm Rolls-Royce was the high riser on Thursday after it revealed two major initiatives which are expected to significantly raise its operating profits in the future. Following close behind was Hargreaves Lansdown, after the wealth management stockbroking firm said first-quart
Read moreLondon close: Stocks close lower despite rally
11th Oct 2011 16:35
Stocks rallied towards the close as uncertainty over the euro situation continues to stoke volatility, but the top share index still finished in the red. A much awaited vote in Slovakia has yet to take place. Opposition parties in the small central European state could move to block Slovakian appro
Read moreLondon midday: Stocks fall as euro nerves resurface
11th Oct 2011 12:23
Stocks are firmly in the red now as investors nervously await a vote in Slovakia on ratification of the Eurozone rescue fund. Opposition parties in the small central European state could move to block Slovakian approval of the bailout fund, arguing that they shouldn't have to cough up to help Gree
Read moreLondon close: Strong finish for FTSE 100
10th Oct 2011 16:32
Stocks were posting big gains at the close of play, with a strong start on Wall Street supporting earlier gains in London. With stocks news thin on the ground, it was the Eurozone saga that was once again the centre of attention. Global stocks rose moderately on Monday on hopes that an agreement be
Read moreLondon midday: Eurozone hopes lift stocks
10th Oct 2011 12:09
Hopes that Eurozone heavyweights France and Germany will be able to sort out the crisis in the single currency zone have sent shares higher. German chancellor Angela Merkel and French prime minister Nicolas Sarkozy have agreed on a "long-lasting, complete package" to battle the region's ongoing deb
Read moreLondon open: Modest gains on hopes for Eurozone
10th Oct 2011 08:30
The Footsie edged higher in early trading on Monday, helped by developments in the Eurozone at the weekend. German chancellor Angela Merkel and French prime minister Nicolas Sarkozy have agreed on a "long-lasting, complete package" to battle the region's ongoing debt crisis, but specific details ar
Read moreLondon close: Late surge propels Footsie 3.7% higher
6th Oct 2011 16:35
The Footsie finished at the highest level of the day, with just four stocks in the red, as gains were built on after the opening bell in New York, which saw stocks rise on the back of a better-than-expected unemployment claims report. It was a busy day on the macroeconomic front with policy rate de
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