London midday: Mining stocks lead the slide
4th May 2011 12:16
Mining stocks have been updating the market day to mixed receptions, but with commodity prices falling, the sector, and the FTSE 100, are firmly in the red overall. South America-focused Antofagasta is among the heaviest fallers after its quarterly production report. Group copper production for th
Read moreAntofagasta misses targets in the first quarter
4th May 2011 10:23
While mining giant Antofagasta saw a year-on-year improvement in copper production in the first quarter, the amount came short of targets, causing shares to take a tumble on Wednesday. Group copper production for the first three months of the year came in at 129,800 tonnes, 10.3% higher than the fi
Read moreLondon open: Miners weigh on FTSE 100
4th May 2011 08:32
The top share index is demonstrating how it at the mercy of the global economy today, with a strong showing from the retail sector failing to offset weakness in miners as commodity prices fall. Next is higher after warm weather and the royal wedding holiday had shoppers flocking to its stores in th
Read moreSector movers: Miners out of favour
3rd May 2011 14:32
The mining sector is under the weather today on the back of falling metals prices. Metals prices have continued to fall since the death of Al-Qaeda leader Osama Bin Laden yesterday, which triggered a sell-off in the 'safe-haven' investments of precious metals, as geopolitical anxieties eased. We
Read moreFTSE 100 movers: Metals prices weigh on miners
3rd May 2011 13:54
The mining sector is out of favour on Tuesday on the back of falling metals prices. Metals prices have continued to fall since the death of Al-Qaeda leader Osama Bin Laden yesterday, which triggered a sell-off in the 'safe-haven' investments of precious metals, as geopolitical anxieties eased. We
Read moreFTSE 100 movers: Aggreko leaps on full year guidance
27th Apr 2011 13:39
Temporary power supplier Aggreko has surged ahead after saying it expects its full year profits to be slightly ahead of 2010 after a strong start to the year. Airline IAG is firmly highly, continuing from strong gains made yesterday. Engineers GKN, IMI and Weir Group are also among the best perfo
Read moreLondon close: Shares soar as updates impress
20th Apr 2011 16:47
Optimism returned to the markets in a big way Wednesday as corporate results in the UK and overseas suggested global economic recovery is underway. The FTSE 100 stormed back above 6,000 points. Chip groups ARM Holdings and Imagination Technologies were strong performers after a bullish update from
Read moreLondon midday: FTSE 100 storms past 6,000
20th Apr 2011 12:03
The top share index has soared back above the 6,000 point mark, with some well-received corporate news here and overseas whetting traders' appetites. ARM Holdings is leading the FTSE 100 higher after a strong update from its US peer Intel, while miners move ahead as metals prices advance. Antofagas
Read moreLondon open: Stocks storm higher
20th Apr 2011 08:31
Stocks have stormed ahead in early dealings, helped by some bullish updates from big US companies after Wall Street closed last night. Chipmaker Intel and web portal giant Yahoo! were among the big hitters to impress traders. Here, Intel's peer ARM Holdings is leading the FTSE 100 higher, but it i
Read moreLondon open: Resource stocks wanted
15th Apr 2011 08:37
The Footsie is sidling back up towards the 6,000 level, with resource stocks leading the way after China's economy grew faster than expected in the first quarter. ENRC, Antofagasta and Lonmin are the picks of the mining sector while among oils Cairn and Tullow are the stocks to have. Betting shops
Read moreWednesday tips round-up: Xstrata, Antofagasta, Tasty
13th Apr 2011 06:31
Glencore, the Swiss commodities trader which doubles up as miner Xstrata's single largest shareholder. In recent years, many a dull Friday on the stock market has been enlivened by rumours of Glencore looking to go the whole hog and attempting to merge with Xstrata. The possibility is tantalising, h
Read moreLondon close: Shares slump as worries resurface
12th Apr 2011 16:38
The top share index's losses were almost in the triple digits by the close of trade after a steady day of losses amid worries over global economic growth. The IMF lowered its US 2011 GDP growth forecast by -0.2 percentage points, to 2.8%. Nor did Britain emerge unscathed. The IMF revised down its
Read moreLondon afternoon: More losses after weak US start
12th Apr 2011 15:31
The top share index has run into further selling after a poor start on Wall Street. Worries over global growth have re-emerged. The IMF lowered its US 2011 GDP growth forecast by -0.2 percentage points, to 2.8%. Nor did Britain emerge unscathed. The IMF revised down its growth expectations this y
Read moreSector movers: Falling metals prices pressures mining sector lower
12th Apr 2011 14:18
The miners are on the decline Tuesday, helped lower by the falling metals prices. Copper and gold futures have fallen as the escalating crisis in Japan has bought about concerns over demand. Mining titans Kazakhmys, Eurasian Natural Resources Corp, Anglo American, Antofagasta and Fresnillo are all
Read moreFTSE 100 movers: Miners lead the decline
12th Apr 2011 13:54
Falling metals prices in response to escalating problems in Japan have pressured miners lower. Kazakhmys, Eurasian Natural Resources Corp, Anglo American, Antofagasta and Fresnillo are all losing 3% or more. Meanwhile, airline IAG and cruise operator Carnival are among the best performers, helped
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