London open: Retailers slide as sales decline
9th Jun 2011 08:21
Retailers are posting hefty losses after a raft of updates but a rally in mining stocks is helping to cushion the blow. In the FTSE 100, Marks & Spencer and B&Q owner Kingfisher are among the heaviest fallers, while South American copper miner Antofagasta rallies after declining on the back of the
Read moreLondon close: FTSE 100 slides as worries persist
8th Jun 2011 16:38
Stocks finished firmly in negative territory as worries over the state of the global economy continued. Stocks finished lower in the US last night after downbeat comments from Federal Reserve president Ben Bernanke on US economic prospects. After a hesitant start, London's leading share index took
Read moreSector movers: Miners track metals prices lower
8th Jun 2011 15:44
There are no sectors making gains today, as the markets have dropped sharply into the red on the back of economic concerns. Comments from Moody's this morning have set nerves on edge. The ratings agency still sees the UK's outlook as stable, but adds "As we've been saying for a while, in a situatio
Read moreFTSE 100 movers: Sharp drop for Antofagasta
8th Jun 2011 15:14
Antofagasta is heading the fallers, losing more than 5%, after warning that the ramp-up of the Esperanza plant in northern Chile is taking longer than expected, causing the group to scale back its total copper production guidance for 2011. Group copper production for 2011 is expected to be between
Read moreAntofagasta cuts copper production guidance for 2011
8th Jun 2011 13:46
Antofagasta has warned that the ramp-up of the Esperanza plant in northern Chile is taking longer than expected, causing the group to scale back its total copper production guidance for 2011. The plant, which has operated at nearly 60% of capacity during April and May, produced just 21,000 tonnes o
Read moreLondon midday: Stocks dive as worries grip markets
8th Jun 2011 12:13
The top share index is deep in the red now as global economic worries continue to overshadow trading. Stocks finished lower in the US last night after downbeat comments from Federal Reserve president Ben Bernanke on US economic prospects. After a hesitant start, London's leading share index took a
Read moreLondon close: Footsie falls as Greece and US fuel sell-off
2nd Jun 2011 16:55
Despite trading sideways for most of the day after a relatively sharp fall early on, the Footsie took another dive in late afternoon to finish over 1.3% lower. The mood was uneasy on Thursday as a result of sovereign debt fears in Europe and worrying news from the US, amid a host of underwhelming re
Read moreFTSE 100 movers: Johnson Matthey's results disappoint
2nd Jun 2011 15:45
Full-year profits from speciality chemicals group Johnson Matthey came in ahead of market expectations with good performances in all parts of the business. However, investors seemed underwhelmed as the stock sunk on the blue chip index on Thursday. The miners are falling lower, as metals prices dec
Read moreLondon close: Stocks hold on to gains
27th May 2011 16:46
Stocks held on to gains going into a long weekend, as Wall Street opened up higher. After a sharp rise in early trading, the Footsie maintained its level around the 5,930-40 mark for the rest of the day, helped by strong showings from the miners and the banks. Just seven stocks finished in the red.
Read moreSector movers: Metals prices boost demand for miners
27th May 2011 14:39
The mining sector is heading higher on Friday afternoon, as stocks track metals prices upwards. Copper, gold and silver prices are firmer on a weak US dollar, as investors look to 'safe-haven' qualities of precious metals. Blue chips Antofagasta, Kazakhmys, Lonmin and Randgold Resources are all in
Read moreFTSE 100 movers: Essar rises over 5% to lead risers
27th May 2011 14:10
Energy firm Essar Energy is topping the risers, making a +5% gain as of Friday afternoon. Meanwhile, Cairn Energy is the heaviest faller, edging just 0.5% lower. Only five stocks are in the red, all recording minor losses. The miners are tracking metals prices higher. Antofagasta, Kazakhmys, Rio Ti
Read moreLondon midday: Banks provide a boost
27th May 2011 12:05
The Footsie is around 1% higher at the midday point, holding on to early gains. The banking sector is performing well today after positive comments from Citigroup. The US bank upped its rating on European banks to 'overweight', saying that the recent decline in the share prices provides a good entr
Read moreFTSE 100 movers: Weir rises above the rest
26th May 2011 14:37
Engineering titan Weir is a strongest gainer, roaring over 5% higher on Thursday afternoon. Meanwhile, the mining sector is dominating the risers, with Antofagasta, Lonmin, Anglo American and Fresnillo in demand, Man Group, the hedge fund manager, is performing well after full-year pre-tax profit
Read moreFTSE 100 movers: Glencore falls lower on debut
25th May 2011 15:26
The new kid on the block is new-floated commodity trading house Glencore, which has fallen lower on its debut on the FTSE 100. The Telegraph today labelled the group with its 'avoid' rating "as there are likely to be better opportunities elsewhere that carry less risk." Oil groups Essar Energy and
Read moreFTSE 100 movers: Miners rise on metals prices
24th May 2011 15:40
The miners are in demand as precious metals prices continue to ascend. Fresnillo is the highest riser, gaining over 4%. Cairn Energy, Antofagasta, Kazakhmys, Randgold Resources, Xstrata and Rio Tinto are also firmer. Oil groups BG and BP are rising higher, along with crude oil prices. Goldman Sa
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