London close: US jobs data lifts sentiment
24th Nov 2010 16:44
Footsie put its early uncertainty behind it to close with good gains, helped by strong jobs figures from the US which cheered global markets following the jitteriness of the last couple of days. First-time jobless claims fell by a bigger than expected 34,000 to 407,000 in the week ended 20 November
Read moreLondon afternoon: Rolls celebrates another big order
24th Nov 2010 14:36
Barely a dozen or so FTSE 100 constituents are in the red today as the blue-chip index sets about clawing back some of the losses of the last two days, despite continued concerns about the Irish debt crisis and the military tensions in Korea. Better than expected jobs data from the US put investors
Read moreLondon midday: Shares holding on
24th Nov 2010 12:24
Shares remain in the blue after some well-received company updates this morning, although the euro crisis is still looming in the background. Credit ratings agency Standard & Poor's (S&P) has cut its debt rating for Ireland as the Irish government puts the finishing touches to a four-year plan to
Read moreLondon open: Footsie opens higher
24th Nov 2010 08:46
London has opened better than expected thanks to a rebound by the miners and a smattering of good trading updates. There has also been some easing of tension in Korea, though not in Europe where the EU is heaping pressure on Ireland to agree to its bail-out. UK banks are weak again becasue of the
Read moreLondon close: Miners get a hammering
23rd Nov 2010 16:57
Footsie staved off a triple-digit fall by less than half a point as worries over the situation in Korea and the prospect of other European countries joining Ireland in the queue for a bail-out nagged away at investors all day. Asia-focused bank Standard Chartered was hit by worries over the exch
Read moreFTSE 100 movers: TUI Travel bucks trend
23rd Nov 2010 12:25
Worries about European debt and tension in Korea have hit banks and miners but TUI Travel is bucking the trend. TUI Travel is the best performer for the second day running. There are rumours that 55% shareholder TUI AG wants to increase its stake. Aero-engine maker Rolls-Royce got a lift from ne
Read moreLondon midday: Tough morning for blue chips
23rd Nov 2010 11:48
Blue chips have had a difficult morning with the twin concerns of a serious outbreak of fighting in Korea and Irish bail-out worries knocking sentiment. Fears of debt contagion are pushing the banks down, with Barclays, Standard Chartered and Lloyds Banking the hardest hit. Royal Bank of Scotland
Read moreLondon open: Korea and Ireland sink markets
23rd Nov 2010 08:50
Renewed hostilities between North and South Korea and fears that the euro-crisis will spread beyond Ireland have made for a poor start on markets across Europe. Economists are lining up up to say the bail-out proposed for Ireland won't be enough to save the eurozone, while North Korea shelling a So
Read moreLondon close: Lower finish as Irish relief fades
22nd Nov 2010 16:51
Footsie was nursing significant losses as trading closed after relief over the Irish bail-out gave way to concerns that the problems will now spread to other eurozone countries. Royal Bank of Scotland, which has strong exposure to Ireland on both sides of the border through its subsidiary Ulster B
Read moreLondon midday: Footsie gives up gains
22nd Nov 2010 12:06
Footsie has turned lower as the relief over the EU bail-out of Ireland fades. Miners got a boost on hopes the bail-out will stabilise the global economy but are now mixed. Xstrata is slightly higher but BHP Billiton and Rio Tinto are among the fallers. It's a slow start to the week on the compa
Read moreLondon open: Ireland gives market a lift
22nd Nov 2010 08:42
Markets opened strongly on hopes that Ireland's decision to accept a bail-out will mean some stability for the battered eurozone. Miners are leading the market higher with banks also in demand. Xstrata, Kazakhmys and Vedanta are the best of the metals-focused firms, while Lloyds and Barclays have p
Read moreLondon close: Late recovery not quite enough
19th Nov 2010 16:57
Shares recovered heading into the weekend but not enough to haul the leading share index into the blue. Outsourcing giant Capita, which yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending, suffered more falls today. Miners continue to
Read moreLondon afternoon: Stocks still struggling
19th Nov 2010 15:31
A poor start on Wall Street has done nothing to help a recovery in London where the leading index is stuck near 5,700. Outsourcing giant Capita, which yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending, is suffering more falls today.
Read moreFTSE 100 movers: Banks and miners await Irish news
19th Nov 2010 13:49
Banks and miners are weak as the market awaits news of financial help for Ireland. BHP Billiton, Kazakhmys and ENRC head the mining fallers. Standard Chartered, Barclays and Lloyds are all sharply lower. Outsourcer Capita, which yesterday said revenue growth in the second half of 2010 had been su
Read moreLondon midday: Footsie stuck in the red as miners weigh
19th Nov 2010 12:11
Footsie remains firmly in the red amid losses in the mining sector. Outsourcing giant Capita, which yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending, is suffering more falls today. Miners Rio Tinto, BHP Billiton, Kazakhmys and Angl
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