London 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 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
Read moreLondon midday: FTSE 100 slips below 6,000
12th Apr 2011 12:04
The top share index is back below 6,000 points as concerns over global economic growth weigh on sentiment. 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 year from 2%to 1.7%. Me
Read moreAviva cuts Delta Lloyd stake again
12th Apr 2011 08:48
Insurance titan Aviva is to raise £381m through the sale of part of its stake in Dutch and Belgian subsidiary Delta Lloyd. The insurer said 25m Delta Lloyd ordinary shares, representing 15% of Delta's total shares in issue, have been placed with institutional investors at a price of €17.25 per shar
Read moreFriday newspaper round-up: BP, Barclays, Aviva...
25th Mar 2011 06:24
BP's $16bn joint venture with Rosneft was blocked last night in a ruling that has thrown the company's growth strategy into turmoil. A judgment by independent arbitrators that the deal cannot progress is hugely embarrassing for Robert Dudley, BP's chief executive, since he personally negotiated it
Read moreFTSE 100 movers: ENRC doubles profit
23rd Mar 2011 16:02
Miners are on the rise and they have pushed the index higher. Underlying profits more than doubled last year at Kazakhstan-based mining giant ENRC with this year also expected to see production at "at effectively full available capacity", though it says rising costs are a worry. Record production i
Read moreLondon close: Strong end to a strong day
17th Mar 2011 16:49
London's blue chips were strong all day and boosted late on by a strong start in the US where the Dow notched up a triple-digit gain in quick time. For once, investors overlooked the ongoing bad news on the Japanese earthquake and turmoil in the Arab world to hunt out a few bargains. Heritage Oi
Read moreLondon afternoon: Shares kick on as US opens higher
17th Mar 2011 13:57
Share prices kicked on over the lunchtime session, boosted by a firm start on Wall Street, where the Dow has notched up a triple-digit gain in quick time. Though the focus remains on the aftermath of the Japanese earthquake and any response to the turbulence it has caused in the financial markets
Read moreLondon close: Japanese concerns knock Footsie
14th Mar 2011 16:47
London closed near to its low for the day as a decline on Wall Street dragged the market lower later in the day and there were concerns about the possible effects of the Japanese earthquake on financial markets and global economies. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick o
Read moreLondon afternoon: Shares stuck lower as Japan casts shadow
14th Mar 2011 14:57
London's blue chips have turned lower again following falls on Wall Street as traders continue to mull the possible effects of the Japanese earthquake. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick of the mining sector. Also going well is temporary power solutions provider Aggrek
Read moreLondon midday: Blue chips turn lower on volatile day
14th Mar 2011 12:21
London's blue chips have turned lower again as investors await the US markets' reaction to Japan's devastating earthquake. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick of the mining sector. Also going well is temporary power solutions provider Aggreko, which may find its service
Read moreLondon open: Aggreko in demand in wake of earthquake
14th Mar 2011 08:47
Mining stocks are shoring up the Footsie but the blue-chip index is still in the red, despite the price of oil ebbing. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick of the mining sector. Also going well is temporary power solutions provider Aggreko, which may find its services c
Read moreLondon midday: Japan earthquake casts shadow
11th Mar 2011 12:21
The earthquake in Japan is casting a shadow over trading today and the FTSE 100 sits just a few points above 5,800 now. The insurance sector has been hit by worries over the possible effects of the Japan earthquake. Aviva, Legal & General and Prudential are suffering losses. The damage caused by th
Read moreBroker tips: Aviva, WH Smith, WPP
4th Mar 2011 13:02
Nomura continues to believe that insurance giant Aviva offers investors good growth prospects at an attractive price after an impressive 2010. The insurance group's cost reduction and focus on higher-margin product selection were the main drivers of a 26% increase in operating earnings. However,
Read moreSector movers: Life insurers on the rise
4th Mar 2011 12:59
The life insurance sector is rising higher on Friday with blue chips Standard Life and Aviva among those performing well. Aviva - which yesterday announced it had ramped up profits by 35% last year - was given an extra lift by Japanese broker Nomura which said that the group offers investors good g
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