London midday: FTSE 100 on the ascent
24th May 2011 12:04
Shares are still in positive territory, but the gains are modest compared to yesterday's slide. Higher commodity prices are boosting the likes of South American copper miner Antofagasta and South African platinum miner Lonmin. The banking sector is under pressure though, with Moody's considering d
Read moreLondon open: Shares win back some losses
24th May 2011 08:29
The top share index has made a modest recovery following yesterday's slide, with mining stocks setting the pace. Higher commodity prices are boosting the likes of South American copper miner Antofagasta and South African platinum miner Lonmin. The banking sector is under pressure though, with Mood
Read moreLondon close: Stocks slump as euro debt worries continue
23rd May 2011 16:51
The top share index was nursing triple-digit losses by the close of play as the eurozone debt crisis continued to rumble on. The spotlight has turned to Italy, with the ratings agency Standard & Poors changing its stance on the Mediterranean country to "negative" from "stable." The situation is of
Read moreSector movers: Miners retreat on falling metals prices
23rd May 2011 16:41
Every sector finished flat or in the red on Monday, as heavy losses were felt across the board. Metals and mining was the worst performing sector of the day as the eurozone crisis rolled on, weighing on commodity prices. The spotlight had turned to Italy, as Standard & Poors changed its stance on
Read moreFTSE 100 movers: Insurers under the weather
23rd May 2011 15:12
Analysts at Digital Look have attributed the share price weakness of insurers Admiral and Old Mutual to the Icelandic volcano, which could cause disruption to travellers across western Europe on reports of a drifting ash cloud. Airline International Consolidated Airlines is also flying lower. Also
Read moreLondon midday: Stocks slump on euro worries
23rd May 2011 12:04
Stocks are firmly in the red as the eurozone crisis continues to drag on. The spotlight has turned to Italy, with the ratings agency Standard & Poors changing its stance on the Mediterranean country to "negative" from "stable." The situation is of global concern and metals prices have taken a knoc
Read moreLondon open: Stocks dive as euro worries drag on
23rd May 2011 08:30
Continuing worries over the Eurozone debt crisis are casting a shadow over trading this morning, helping send stocks sharply lower. The spotlight has turned to Italy, with the ratings agency Standard & Poors changing its stance on the Mediterranean country to "negative" from "stable." The situatio
Read moreSector movers: Antofagasta, Rio Tinto lead the miners
16th May 2011 16:11
The mining sector is wanted today as analysts have highlighted the recent bout of profit-taking - on the back of falling commodities prices - as a good buying opportunity. Blue chip miners Antofagasta, Rio Tinto, Anglo American, Fresnillo, BHP Billiton and Vedanta Resources are all higher. Indust
Read moreFTSE 100 movers: Aggreko leads the fallers
16th May 2011 15:45
The Footsie has come off its lows but remains in the red, led by temporary power supplier Aggreko, who is trading over 3% lower. Engineers Invensys and Weir are also out of favour. Data software firm Autonomy is wanted after it announced that it is to boost its cloud computing capability with a $38
Read moreSector movers: Miners fall on commodities sell-off
12th May 2011 15:16
Unsurprisingly, the miners are the worst performing stocks on Thursday, as commodity prices continue to decline. Fresnillo, Antofagasta, Vedanta Resources, Kazakhmys and Lonmin are among the fallers on the FTSE 100. Eurasian Natural Resources Corporation is lower even though it reported a positive
Read moreFTSE 100 movers: Miners in full retreat
12th May 2011 14:39
The mining sector is out of favour Thursday as worries over global economic growth have caused continuing declines in commodity prices. Fresnillo, Antofagasta, Vedanta Resources, Eurasian Natural Resources Corp and Lonmin are among the worst performers. Meanwhile, the insurers are also on the dec
Read moreBroker tips: Antofagasta, Logica, Tarsus
5th May 2011 12:28
UBS lowers its earnings per share (EPS) forecast for South America-focused miner Antofagasta after the group reported lower-than-expected production figures on Wednesday. Group copper production reached just 129,800 tonnes in the first quarter, 22% below UBS's estimate of 166,500 tonnes, mainly as
Read moreBroker snap: Antofagasta's forecasts trimmed after production disappoint
5th May 2011 11:56
UBS lowers its earnings per share (EPS) forecast for South America-focused miner Antofagasta after the group reported lower-than-expected production figures on Wednesday. Group copper production reached just 129,800 tonnes in the first quarter, 22% below UBS's estimate of 166,500 tonnes, mainly as
Read moreLondon close: Stocks slide as global gloom deepens
4th May 2011 16:39
The top share index slumped below 6,000 points as poor economic figures from the US added to the gloom in the afternoon following a poor start to the day from the FTSE 100. Institute for Supply Management's non-manufacturing sector report fell to 52.8 points in April, from the previous month's 57.3
Read moreFTSE 100 movers: Antofagasta tumbles after disappointing production figures
4th May 2011 13:51
Miner Antofagasta is leading the decline on Wednesday after reporting production figures that missed expectations. Group copper production for the first three months of the year came in at 129,800 tonnes, below forecasts of 158,800 tonnes, reflecting delays and lower-than-budgeted grades at two of i
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