London close: Triple-digit losses as Euro worries continue
19th Sep 2011 16:50
Shares failed to recover from an early slide as ongoing worries over the Eurozone situation continued to cast a shadow. The FTSE 100 closed down 108 points. Greek Prime Minister George Papandreou has cancelled a planned trip to the US to guide Greece through what could be a critical seven day peri
Read moreLondon midday: Eurozone worries cast a shadow
19th Sep 2011 12:03
London's blue chip index is stuck below 5,300 points as the Eurozone saga rumbles on. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to live up to expectations. "There is a firm 'risk-off' tone to the start of the
Read moreLondon open: Banks unwanted as euro worries continue
19th Sep 2011 08:43
London's blue chip index sank below the 5,300 level in the opening minutes on Monday, as the debt crisis in Europe took centre stage again, dampening sentiment. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to li
Read moreFTSE 100 Movers: Kingfisher bucks the trend
12th Sep 2011 13:00
Kingfisher, the company behind the DIY chain B&Q, has unveiled plans to open nine news stores in Russia in a move to cash in on the recent trend among the country's middle class for DIY home improvement. The company was joined higher by just one other company, satellite operator Inmarsat. Fresn
Read moreCopper miners tap into China growth
26th Aug 2011 10:23
Most mining companies are highly diversified, but Antofagasta and Kazakhmys are pretty much single-country, single commodity miners. Both companies mine for copper, Antofagasta in Chile, Kazakhmys in Kazakhstan. As such, investors in these firms are pretty much betting that prices for the red metal
Read moreBroker tips: Antofagasta, Premier Oil, Britvic
25th Aug 2011 12:55
UBS has cut its target price for Antofagasta by 110p after the South America-focused copper (Cu) miner's first half earnings came in below forecasts. "We are attracted by ANTO's low cost position/ strong management, but remain cautious on Cu prices near-term [...] We expect ANTO to focus more on gr
Read moreBroker snap: UBS slashes numbers at Antofagasta
25th Aug 2011 12:54
UBS has cut its target price for Antofagasta by 110p after the South America-focused copper (Cu) miner's first half earnings came in below forecasts. The company announced on Tuesday that earnings per share (EPS) for the six months to 30 June came in 4% lower than consensus estimates and 11% under
Read moreLondon close: Late rally pulls Footsie into the blue
23rd Aug 2011 16:31
After a strong start on Wall Street - which saw the three benchmark indices gain at least 1.1% each - the Footsie ended in positive territory, despite dipping into the red in the afternoon. However, gains were only modest as volatile trade continued. Security services provider G4S was the high rise
Read moreSector movers: Fresnillo, Antofagasta drag miners lower
23rd Aug 2011 15:03
Despite rising early on, the mining sector was in the red on Tuesday afternoon, led by silver and gold miner Fresnillo. Falling silver and gold prices dented Fresnillo's share price, meaning that by 15.18, shares were 7.3% lower at 1,891p. Meanwhile, South America-focused copper miner Antofagasta
Read moreLondon open: FTSE 100 gains as Antofagasta and G4S impress
23rd Aug 2011 08:24
The top share index has continued its rally with the recent gloom seemingly giving way to cautious optimism. Miners are in demand amid a perception that recent falls on worries over global economic growth may be overdone. Among the risers is South America-focused copper group Antofagasta which pos
Read moreLondon pre-open: Revival set to continue
23rd Aug 2011 07:26
Footsie is tipped to open with a 50 point gain, continuing yesterday afternoon's revival. Security services provider G4S said it is seeing organic revenue growth accelerating in most regions and business sectors, as the global economy continues its recovery from the recession. Group turnover rose 5
Read moreAntofagasta profits soar as copper rallies
23rd Aug 2011 07:10
South America-focused copper miner Antofagasta posted a sharp rise in profits for the six months to 30 June as prices for the red metal soared and said its ability to keep costs down leaves it well placed to come with recent commodity price volatility. Net earnings rose to $696.2m from $451.2m over
Read moreLondon close: Financials drag Footsie lower
17th Aug 2011 16:46
Following a steep decline early on, the blue chip index staged a partial recovery on the back of a positive start on Wall Street. Nevertheless, the Footsie still finished in the red, as losses for financial stocks outweighed gains in the mining sector. Meanwhile, it was revealed today that all nine
Read moreLondon open: Flat start as Antofagasta and Vedanta rally
9th Aug 2011 08:26
Stocks are flat this morning, despite the predictions of a resumption of the slide, though recent volatility suggests it would be foolish to rule that out. Miners are rallying from hefty losses, yesterday, with South American copper group Antofagasta and India's Vedanta posting big gains. Precious
Read moreAntofagasta ramps up producton
3rd Aug 2011 11:10
Chilean miner Antofagasta saw copper production increase by more than a fifth in the second quarter of the year as it continued to ramp up production at its Esperanza project. Group copper production hit 158,700 in the April to June quarter, up 22.3% from the preceding quarter's level. Copper prod
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