London open: Stocks sink early on, Essar leads the fall
27th Feb 2012 08:55
- Essar drops after full-year results. - Vedanta confirms merger of Indian subsidiaries. - HSBC beats expectations in 2011. London's blue chip index fell sharply in early trading on Monday after a G20 meeting failed to alleviate concerns over the economic crisis in Europe. Essar Energy and the mine
Read moreLondon close: Subdued finish for Footsie, but Vedanta jumps
24th Feb 2012 17:07
- Vedanta jumps on further speculation of restructuring in India. - Lloyds falls on tough outlook for 2012. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie finished flat on Friday after the blue chip index swung between gains and losses in a tight range of just 20 points or so
Read moreLondon midday: Footsie nudges higher ahead of US open
24th Feb 2012 11:49
- Lloyds falls on tough outlook for 2012. - Consumer product groups Unilever, Reckitt sold off. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie was trading just a few points higher by midday on Friday, as a decline in consumer products stocks, miners and Lloyds was offset by a
Read moreLondon close: US data provides a lift
23rd Feb 2012 16:28
- US data comes in better-than-expected. - EC cuts GDP estimates across the board. - RBS, Capita lead risers after full-year results. London's blue chip index finished strongly on Thursday, gaining nearly 40 points in the final two hours, after some better-than-expected economic data Stateside bo
Read moreLondon midday: Gains trimmed after gloomy EU growth forecasts
23rd Feb 2012 11:56
- EC cuts GDP estimates across the board. - RBS, Capita lead risers after full-year results. - German IFO survey comes in at six-month high. After a strong start, gains for the Footsie were pared by lunchtime after the European Commission cut its forecasts for economic growth. The market reaction t
Read moreLondon open: RBS provides a boost early on
23rd Feb 2012 08:25
- RBS leads banks higher after results. - Capita rises strongly after bullish outlook. - EU expected to cut Eurozone GDP forecasts. The Footsie opened slightly higher on Thursday as the markets digested a host of results, with heavyweights such as Royal Bank of Scotland (RBS), Capita, Centrica, RSA
Read moreFTSE 100 movers: Vedanta retreats into last place
22nd Feb 2012 14:16
Vedanta Resources fell into the bottom spot, pulling back after yesterday's 7% surge on the back of speculation that it is looking to merge its two Indian subsidiaries, Sterlite and Sesa Goa. Credit Suisse has said today that "any progress on restructuring or minority buy-outs would be a strong po
Read moreLondon midday: Stocks fall as Fitch downgrades Greece
22nd Feb 2012 11:47
- Fitch downgrades Greece from 'CCC' to 'C'. - MPC divided on level of QE. - Vedanta pulls back after yesterday's strong surge. UK stocks fell further into the red by midday after Fitch downgraded Greece's sovereign debt rating. While the decision was unarguably crucial to help the heavily-indebted
Read moreLondon open: Footsie slips as ex-div stocks provide a drag
22nd Feb 2012 08:35
- Shell makes near-£1bn bid for Cove Energy. - Markets digest Greek bailout, China data. - Ex-div stocks provide a drag. The FTSE 100 slipped slightly into the red in the opening hour on Wednesday as investors continue to digest the Greek bailout approved on Monday night. Meanwhile, Chinese manufac
Read moreLondon close: Stocks slip as doubts remain over Greece
21st Feb 2012 16:32
- Doubts still remain over Greek despite €130bn bailout. - Vedanta jumps on speculation of restructuring. - Kenmare rises on takeover rumours. London's blue chip index finished the day slightly lower as last night's approval by Eurozone finance ministers to grant Greece its next aid package underwh
Read moreLondon midday: Stocks continue to fall after Greek bailout
21st Feb 2012 12:01
- Eurogroup approves Greek bailout. - Oil stocks drag Footsie lower. - Tullow Oil drops despite oil find in Sierra Leone. London's benchmark index was trading close to its intraday low at midday as investors pondered the future of the Eurozone following last night's Eurogroup approval of the next t
Read moreLondon open: Stocks slip after Greek bailout approval
21st Feb 2012 08:19
- Eurogroup approves Greek bailout. - Euro strengthens after announcement. - Footsie slips early on with oil stocks weighing on index. Despite Eurozone finance ministers doing what many had expected by approving the next tranche of aid for Greece, the Footsie opened moderately lower on Tuesday morn
Read moreLondon close: Optimistic mood ahead of Eurogroup, but risks remain
17th Feb 2012 17:10
-Merkel optimistic about Eurogroup meeting. -Miners lead gains on Footsie. -Retailer rise on economic data. London's benchmark index finished the week strongly - up 53 points on last Friday's close of 5,852 - as markets expressed confidence that the next Greek bailout can be secured on Monday. Af
Read moreFTSE 100 movers: Hopes for Greece boost stocks
17th Feb 2012 14:32
Miners were in demand today, buoyed by rising metals prices which leapt on optimism over a Greek bailout. The latest reports from the troubled country are pointing to confirmation of the European Central Bank's participation in the debt swap and an increased control over the bailout by Eurozone offi
Read moreLondon midday: Greek optimism lifts the Footsie
17th Feb 2012 11:41
- Footsie rises as Greek optimism boosts buying. - Resources stocks track commodities prices higher. - UK retail sales beat expectations. The FTSE 100 had held on to gains by lunchtime - keeping its head above the 5,900 mark - as Greece comes ever closer to its crucial second bailout. Meanwhile a
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