London close: Footsie closes flat
18th Jun 2009 16:34
A late afternoon rally fizzled out to leave Footsie little changed after a volatile day. Economic stories dominated the news with mixed data in the UK offset by better than expected intial jobless figures in the US. UK mortgage lending eased in May from the month before and was 58% lower than the
Read moreLondon afternoon: US rally lifts Footsie
18th Jun 2009 15:03
Better than expected US dole queue figures have lifted Footsie in the afternoon session, despite very mixed economic data here at home. Mortgage lending eased in May from the month before and was 58% lower than the same time last year, figures showed today. The Council of Mortgage Lenders (CML) s
Read moreFTSE 100 movers: Carnival rallies after figures
18th Jun 2009 12:06
Shares in mining giant Xstrata rallied as US brokers Morgan Stanley and Citigroup upped their rating on the mining giant. Morgan Stanley has upgraded Xstrata from "equal weight" to "overweight", noting that on a two to three year review, the stock represents "one of the most compelling risk-reward
Read moreLondon midday: Economic data knocks retailers
18th Jun 2009 12:02
Leading shares drift lower after disappointing retail sales and weaker mortgage lending in May. The economic data proved to be a double-whammy for DIY retailers Home Retail and Kingfisher, which feature prominently among the main fallers. Elsewhere in the retail sector fashion chain Next and Currys
Read moreLondon close: Stocks finish lower
17th Jun 2009 16:31
London's leading shares have finished in the red, not getting any help from a mixed start on Wall Street. Miners dominated the fallers with Vedanta Resources, Kazakhmys, Antofagasta, Xstrata, Eurasian Natural Resource amongst the major sliders. Sainsbury's was one of the two non mining stocks to
Read moreBroker tips: Sainsbury, BAE Systems, Shire
17th Jun 2009 13:05
Sainsbury's fund raising plans knocked the share price for six on Wednesday morning but broker Charles Stanley believes the supermarket chain's plan to accelerate expansion plans is a sensible strategic move. 'Management believes now is a particularly good time to be accelerating space growth, give
Read moreBroker snap: BAE worth £5 a share
17th Jun 2009 12:56
BAE Systems' shares are down more than 10% over the last month on concerns that a reduction in military operations in Iraq and Afghanistan would depress orders, but Evolution Securities is bullish on the stock in the wake of the Paris air show. Evolution investment analyst Nick Cunningham met with
Read moreLondon midday: Miners drag Footsie
17th Jun 2009 11:01
London's top stocks are deep in the red with miners lower and supermarket firm Sainsbury's also down. Vedanta Resources, Kazakhmys, Antofagasta, Xstrata, Eurasian Natural Resource are amongst the major fallers. Sainsbury's is the only non mining stock to perforate the top ten sliders. The superma
Read moreLondon close: Miners buoy Footsie
10th Jun 2009 16:37
Footsie finished higher but with much diminished gains after surging in early dealings led by buoyant mining stocks then falling back as Wall Street retreated. Miner ENRC surged ahead after it said sales and production volumes during the first quarter were better than prior expectations though pri
Read moreLondon afternoon: Equities off the top
10th Jun 2009 15:06
Shares have eased back in the first half of the afternoon session, though Footsie remains in positive territory. Miners and banks remain the best performers. Miner ENRC surges ahead after it said sales and production volumes during the first quarter were better than prior expectations though pricin
Read moreLondon midday: Miners continue to rally
10th Jun 2009 12:19
Footsie is up more than 100 points with miners and banking shares driving the market forward. Miner ENRC is one of the main risers. Today it said sales and production volumes during the first quarter were better than prior expectations though pricing pressures remain. Vedanta, Xstrata, Kazakhmys, R
Read moreLondon close: Footsie finishes flat
9th Jun 2009 17:05
The UK's blue-chip index spent the day flitting above and below last night's closing level so it should have been no surprise when the FTSE 100 closed virtually unchanged. Thomas Cook was the day's best performer after it calmed investors' nerves over the collapse of Arcandor, which has a 52% stake
Read moreLondon afternoon: Thos. Cook soars on bid spec
9th Jun 2009 14:39
It's been a see-saw day for London's leading shares which are now predominantly firmer, after US markets opened moderately higher. Lloyds Banking Group has confirmed press reports that it is to close its Cheltenham & Gloucester branch network in a move that will see 1,000 jobs go. Lloyds also annou
Read moreLondon close: Late rally not enough
8th Jun 2009 17:01
Footsie came off its lows towards the close of trading Monday but still finished lower, held back by a weak mining sector. Mining stocks Vedanta Resources, Eurasian Natural Resources, Anglo American, BHP Billiton, Rio Tinto, Fresnillo, Lonmin and Antofagasta all featured among the ten worst perfor
Read moreLondon afternoon: Lloyds rump placed at 60p
8th Jun 2009 14:20
Footsie clawed back some losses over the lunch time session but remains in the red, thanks largely to the weakness of miners, which are following metals prices lower. Mining stocks Vedanta Resources, Eurasian Natural Resources, Anglo American, BHP Billiton, Rio Tinto, Fresnillo, Lonmin and Antofa
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