London 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 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 moreFTSE 250 movers: Debenhams leads the way after upgrade
11th May 2012 15:12
Debenhams was a high riser following an upgrade by Bank of America to "buy" from "neutral". Analyst Aurelie Caspar said that in recent times Debenhams has "showed a department store chain with a strong multichannel offer can deliver consistent profit growth, provided the offer is sufficiently differ
Read moreLondon midday: Banks and miners weigh on Footsie
11th May 2012 11:56
- Chinese economic figures weigh on mining stocks - JP Morgan trading loss dents UK banks - UK factory gate inflation eases less than expected A surprise trading loss from US banking giant JP Morgan, weaker-than-expected Chinese economic data and ongoing concerns about the Eurozone weighed on senti
Read moreLondon open: Chinese data, JP Morgan weighs on stocks
11th May 2012 08:28
- Chinese industrial output, inflation data disappoints - Spain to ask for EFSF support, according to reports - JP Morgan surprise trading loss causes concerns The FTSE 100 fell sharply in early trading on Friday as weak Chinese data, Spanish concerns and a surprise trading loss from JP Morgan Chas
Read moreLondon close: Gains pared after comments from ECB's Draghi
3rd May 2012 16:37
- Stocks pare gains after Draghi offers no hints - US economic data comes in mixed - Mining and oil stocks weigh on Footsie After a decent start, gains for London's FTSE 100 were pared late on after a European Central Bank (ECB) press conference failed to boost confidence, meaning that the index fi
Read moreFTSE 250 movers: Betfair leaps on German licence
3rd May 2012 15:07
Online betting exchange operator Betfair became the top riser after reporting that it has been awarded a licence to operate its betting exchange in the German state of Schleswig Holstein. The firm intends to pay 20 per cent of its gross gaming revenue to the state in return for the licence. Kesa E
Read moreAvocet revenue suffers as gold production falls
3rd May 2012 12:42
West African gold exploration and mining company Avocet saw production dive in the first quarter due to availability issues with two of the excavators at its Inata mine. As a result, revenues in the first quarter of the year fell from $87.8m last year to $60.3m, while sales costs came in at $36m c
Read moreTuesday broker round-up - UPDATE
1st May 2012 08:09
Aberdeen Asset Management: Citigroup ups target from 290p to 310p, buy rating kept; Barclays Capital raises target from 260p to 285p, equal weight retained; UBS lifts target from 310p to 340p, buy rating unchanged. Avocet Mining: Nomura reiterates buy recommendation and 310p target. Cape: Arden Pa
Read moreLondon close: Footsie drops to intraday low on weak macro data
13th Apr 2012 16:36
- Macro data scares away bulls - Financials drag blue-chip index lower - Footsie down 1.3 per cent on the week The Footsie finished Friday's session close to its worst levels of the day as investors fretted about the global economic outlook; data from China and the US came in worse-than-expected a
Read moreFTSE 250 movers: Miners up on Chinese stimulus speculation
13th Apr 2012 14:29
Mining stocks Kenmare and Ferrexpo were on the up after Chinese GDP data came in below expectations, which sent rumours flying around that the 'weak' (by Chinese standards) growth may prompt the central bank to boost the economy by launching new stimulus measures. Burkina Faso-focused gold miner A
Read moreLondon midday: Eurozone, Chinese concerns weigh on market
13th Apr 2012 11:43
- Chinese GDP misses forecasts - Miners rise on speculation of police easing in China - Spanish bank borrowing nearly doubles London's blue-chip index was firmly lower by Friday lunchtime and US stock futures were pointing to a weak start on Wall Street as economic data from China and concerns over
Read moreLondon open: Cautious start after Chinese GDP data
13th Apr 2012 08:37
- Chinese GDP disappoints - Miners shrug off data - Sage downgraded by Jefferies London's blue chip index started flat in early trading on Friday as some worse-than-expected economic data from China weighed on sentiment. Gross domestic product (GDP) growth in China slowed to an annual rate of 8.1%
Read moreLondon pre-open: FTSE set for small fall following Thursday's gains
13th Apr 2012 07:25
City sources predict the FTSE 100 will open down six points from yesterday's close of 5,710, easing slightly after yesterday's rally, with confidence taking a small knock following worse-than-expected GDP figures from China. The data revealed that the country's economy had grown at its slowest rat
Read moreAvocet considering new facility at Inata mine
13th Apr 2012 07:16
Burkina Faso-focused gold miner Avocet Mining says it may have to construct a new process plant at its Inata project, rather than just extend the existing plant, in order to provide more processing flexibility. The firm is in the process of finding out the optimal processing methods, configuration
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