London close: Euro worries drag Footsie down 1.1%
30th Jan 2012 17:13
Just nine stocks in the FTSE 100 finished above water on Monday as the Eurozone crisis weighed heavily on sentiment. With the borrowing rate of Portuguese debt surging, Greek talks still unresolved and an EU summit taking place, a risk-off attitude swept across the market today with resource stocks
Read moreFTSE 100 movers: Banks and miners weigh footsie down
30th Jan 2012 13:18
The banks were in the red as the euro crisis drags on, with Lloyds, Standard Chartered and Royal Bank of Scotland (RBS) among the worst performers. Lloyds is rumoured to be shaking up its management structure, according to the Financial Times. Sources quoted by Reuters indicate that an announcement
Read moreLondon open: Banks weigh on Footsie lower early on
30th Jan 2012 08:18
The FTSE 100 slipped towards the 5,700 level in early trade, with the banks providing a drag as investors digested the downgrade of five Eurozone nations and the ongoing talks in Greece. Fitch announced late on Friday to downgrade the ratings of five Eurozone nations - Italy, Spain, Belgium, Cyprus
Read moreLondon close: Post-Fed mining surge lifts Footsie up 1.3%
26th Jan 2012 16:41
- Stocks finish near day's best levels. - Miners surge as Fed pledges low rates. - IIF willing to accept coupon rate of below 4% With gold prices jumping to a six-week high on the back of last night's statement by the US Federal Reserve, miners dominated the risers on London's FTSE 100, which clo
Read moreFTSE 100 movers: Kazakhmys leads miners higher
26th Jan 2012 13:42
With the Federal Reserve pledging to do its best to strengthen the US economy last night, the dollar weakened against the euro, sending metals prices higher. As such, the miners were dominating the risers on Thursday afternoon. Kazakhstan-based copper miner Kazakhmys was in the top spot after sayin
Read moreLondon midday: Miners gain after Fed, Polymetal rises on merger rumours
26th Jan 2012 11:50
- Miners surge as Fed pledges low rates. - IIF willing to accept coupon rate of below 4%. - Ireland returns to international bond markets. The Footsie was up 1% by midday with miners leading the advance after the Federal Reserve's move to keep interest rates low last night weakened the dollar and m
Read moreFTSE 100 movers: Ashmore rises on Barclays upgrade
25th Jan 2012 13:34
Investment manager Ashmore was the best performer, rising over 5%, bouncing back after a poor performance yesterday on the back of a downgrade from Royal Bank of Scotland. Today, however, the stock was given a boost after Barclays upgraded it to overweight from neutral. ARM Holdings, the chip desi
Read moreLondon midday: Banks fall as GDP figures disappoint
25th Jan 2012 11:55
- UK GDP contracts in the fourth quarter. - BoE unanimous in decision to maintain rates. - Mortgage approvals rise. In spite of a strong start, London's FTSE 100 experienced a sharp decline in morning trade following some disappointing gross domestic product figures which came in worse than expecte
Read moreLondon close: Stocks down on Greek concerns
24th Jan 2012 16:41
- Banks sold off as Greek talks continue. - S&P downgrades three French banks. - IMF cuts world GDP growth forecast. UK stocks were off their intraday lows but still finished firmly in the red on Tuesday, with global markets in negative territory as European leaders continue to argue over Greece
Read moreFTSE 100 movers: Banks dip lower
24th Jan 2012 13:04
Banks are leading the way lower as investors feel the waves of worry over the ongoing Greek talks and the impact of the downgrades on three French banks. Lloyds became the biggest faller after losing more than 5%, closely followed by RBS and Barclays. Shares in the latter have taken a hit from a n
Read moreLondon midday: Banks drag Footsie lower
24th Jan 2012 11:44
- Banks sold off as Greek talks continue. - S&P downgrades three French banks. - Defensives in demand. The banks had dragged London's blue chip index to its lowest levels of the day by lunchtime as eyes continued to be fixed on the Eurozone. While the attention seems to be mostly on Greece, the d
Read moreLondon close: Oil stocks weigh on FTSE 100
20th Jan 2012 17:03
- Oil stocks track prices lower. - Chinese manufacturing disappoints. - Greek talks ongoing, sides close to a deal. UK stocks finished Friday's session down an average 0.2% with oil stocks providing a drag on the FTSE 100, tracking oil prices lower. The blue chip index swung between gains and loss
Read moreFTSE 100 movers: RBS up on news of ECB loan
20th Jan 2012 14:05
Shares in RBS rose on news the part-nationalised lender, which is 84% owned by taxpayers, last month borrowed emergency funds offered by the European Central Bank through its long-term refinancing operations (LTRO). It means that the lender can avoid the need to sell-off assets to meet heightened sh
Read moreLondon midday: Footsie unchanged, RBS leads risers
20th Jan 2012 11:57
- Greek talks still in progress. - RBS taps ECB emergency facility. - Vodafone up on Indian tax ruling. The Footsie was rather flat at midday, after swinging between gains and losses in the mid-morning session. Neverthess, the blue chip index was trading within a narrow range with just 26 points se
Read moreLondon open: Footsie flat, Vodafone rises on Indian tax ruling
20th Jan 2012 08:28
The Footsie opened flat on Friday morning, with a rise in the banking sector being offset by resource stocks. The blue chip index nudged just a few points lower to 5,738 in early trading, following yesterday's 0.7% rise on the back of strong macro data and an improving outlook in the Eurozone. In o
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