London close: US sparks Footsie recovery
26th May 2009 16:29
Footsie finished higher Tuesday after a strong performance by US shares, lifted by consumer confidence figures, hauled London's leading share index out of the red. The mining sector summed up the volatility seen on the markets today. Rio Tinto climbed after it said it had agreed a 33% cut in contra
Read moreLondon afternoon: Defensive stocks back in favour
26th May 2009 14:42
Hopes that Wall Street might provide a fillip to UK shares have been dashed as US markets open in a similarly dull fashion to London. Mining stocks and financials are the worst performers while defensive sectors such as tobaccos and supermarkets have returned to favour. Mining giant Rio Tinto is lo
Read moreFTSE 250 movers: Aveva climbs after profit hike
26th May 2009 12:07
Aveva leads the risers after profits surged forward again last year, but the computer-aided designer cautioned that the slowdown in global shipping and oil markets is now having an impact on orders. IG Group falls back after the spread betting firm said it expects the Financial Services Agency of J
Read moreLondon midday: Equities drift lower
26th May 2009 12:07
It was a dull morning session for London's leading shares, with the market following Asian markets lower after the news broke concerning North Korea's nuclear bomb test. Mining stocks and financials are the worst performers. Mining giant Rio Tinto is lower after it agreed a 33% cut in contract fin
Read moreLondon open: Slow start to short week
26th May 2009 08:41
London has made a slow start to the week after the long weekend in both the UK and the US and with little blue chip news out today so far. Miners are the best performers again. Mining giant Rio Tinto is lower has agreed a 33% cut in contract fine iron ore prices with Japan's Nippon Steel Corp for t
Read moreLondon pre-open: Dull start to short week in prospect
26th May 2009 07:40
London looks set to make a slow start to the week after the long week-end in both the UK and the USA. Traders expect the FTSE 100 will start around 28 points lower, echoing the weaker trend seen in Japan. Half-year losses have doubled at short break specialist Holidaybreak, but are in line with th
Read moreAveva cautions over orders
26th May 2009 07:17
Aveva's profits surged forward again last year, but the computer aided designer cautioned that the slowdown in global shipping and oil markets is now having an impact on orders. "As the current global economic slowdown continues and the oil price and shipping rates sit at lower levels than in rece
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