London midday: Gains pared after Spanish bank-bailout
11th Jun 2012 11:28
- Spain asks for 100bn euros for its banks - Spanish bond yields still on the up - Financials across Europe gain The FTSE 100 was firmly in positive territory by Monday lunchtime, but the index was trading well off its intraday high of 5,532 as investors digested this weekend's request from Spain f
Read moreLondon open: Banks surge after Spanish request for aid
11th Jun 2012 08:33
- Spain asks for 100bn euros in aid - Chinese trade data beats expectations - Increased risk benefits banks and miners The weekend's bailout deal for Spain fuelled a surge in London's blue chips on Monday morning, as concerns over the country's troubled financial sector eased. Spain, the fourth E
Read moreAquarius halts operations at Marikana due to low prices
11th Jun 2012 07:17
Aquarius Platinum has revealed that its operations with its Marikana Pooling and Sharing Agreement (P and SA2) are being put on hold as a result of the ongoing low PGM (platinum group metals) basket price. "Trading conditions in the platinum industry are expected to remain difficult in the short to
Read moreLondon close: Poor data sinks stocks, fuels QE3 speculation
1st Jun 2012 16:26
- Global stocks hit year-to-date low - US, UK, Chinese and Eurozone data disappoints - Gold soars on QE3 speculation after weak data Disappointing employment and manufacturing data from across the world sank global stock markets on Friday, meaning that May's heavy losses for equities were extended.
Read moreFTSE 250 movers: Aquarius Platinum down on metal price
1st Jun 2012 13:21
RIT Capital Partners, the investment trusted started by Lord Jacob Rothschild, was on the up on news the company is offering investors a big increase in dividends, despite reporting a drop in its net asset value (NAV). Also rising was Edinburgh Investment Trust, a group focused on UK securities, a
Read moreFTSE 250 movers: AVEVA leaps on record profits
28th May 2012 15:39
Engineering software company AVEVA surged on the second-tier index after it reported record profits for the 12 months ended March 21st as the firm capitalised on growing demand from deep-water oil and gas exploration. Satellite group Inmarsat also rose strongly after Jefferies upgraded its rating
Read moreAquarius Platinum reassures investors over Mimosa mine
28th May 2012 13:42
Aquarius Platinum has reassured investors that its Mimose mine has not been affected by the recent directive from the Reserve Bank of Zimbabwe relating to the suspension of banking services for certain mining companies. The miner added that directive only applies to companies that failed to comply
Read moreLondon close: Stocks sink on Greek exit speculation
23rd May 2012 16:39
- Officials warn Eurozone to prepare for Greek exit - BoE policy makers 'finely balanced' on more QE - CBO warns of US recession The FTSE 100 sunk to its lowest levels of the day by the end of trade on Wednesday as investors looked ahead to this evening's EU summit with caution as speculation incre
Read moreAquarius miners escape pit fire
23rd May 2012 08:53
Aquarius Platinum said that all the staff who had been trapped in its Mimosa mine in Zimbabwe had been safely evacuated. The firm's shares fell 6% after news of a fire at the 50-50 joint venture between Aquarius and South Africa's Impala Platinum Holdings. The blaze was caused when a conveyor belt
Read moreSector movers: Mining stocks dented by Greek concerns
15th May 2012 15:52
Mining stocks continue to bear the brunt of recent sell-offs on the back of concerns over the ongoing Eurozone debt crisis. Metals prices are under pressure again today as worries over the escalating political situation in Greece continue to prompt speculation that the nation could leave the euro i
Read moreLondon close: Footsie sets new 2012-low on Greek concerns
14th May 2012 16:27
- Footsie closes at levels not seen since mid-December - Potential Greek exit from euro hammers stocks - Banks, miners the worst performers in London The FTSE 100 closed at its lowest levels in the year-to-date on Monday as investors speculated about what a disorderly exit of Greece from the Eurozo
Read moreFriday broker round-up
11th May 2012 09:08
Aquarius Platinum: UBS cuts target from 155p to 110p, neutral rating kept. ARM Holdings: finnCap upgrades from hold to buy, target left at 575p [ARM is a corporate client of finnCap]. BT Group: Nomura reiterates buy recommendation and 295p target. Catlin: Nomura keeps buy rating and 506p target.
Read moreLondon close: Stocks snap four-day winning streak
30th Apr 2012 16:30
- Chicago PMI, US consumer spending disappoints - Spain joins the UK in recession - Global stock markets in the red With economic data missing expectations Stateside and Spain continuing to dampen the outlook for the Eurozone economy, London's FTSE 100 index slumped on Monday, snapping a four-day w
Read moreFTSE 250 movers: Essar rebounds while Aquarius plummets
30th Apr 2012 15:37
Essar Energy saw its share price jump by nearly a tenth today with analysts pinning the stock's performance to a simple correction following its recent slump. Even after taking today's rise into account, the stock is still worth less than half off its six-month high of 312.1p. Platinum producer Aqu
Read moreLondon midday: Footsie down as Man Group provides a drag
30th Apr 2012 11:48
- Spain joins the UK in recession - Man Group volatile ahead of Q1 IMS - Aberdeen up after solid first half London's blue chip index was trading near its lowest levels of the day by Monday lunchtime, snapping a four-day winning streak as Eurozone concerns were once again brought into the spotlight.
Read more