London close: Paltry gains for FTSE 100
12th Apr 2010 16:36
Footsie closed just a few points in the blue after an unusually sluggish day, even for a Monday. In the absence of any blockbusting company news much of the share price activity has been generated by newspaper or broker comment. Antofagasta was one of many laggards in a soft mining sector after
Read moreLondon afternoon: London lays low
12th Apr 2010 14:36
Traders who stuck to their dealing screens over the lunchtime session were left wondering why they bothered as they market remained as quiet and as uneventful as it had been in the morning session. In the absence of any blockbusting company news much of the share price activity has been generated b
Read moreLondon midday: Home Retail rises on bid talk
12th Apr 2010 11:59
Hopes that news of the rescue package for Greece would give renewed impetus to London's advance are proving unfounded, as the Footsie is weighed down by weak miners. Xstrata leads the mining sector lower, with ENRC and Antofagasta not far behind. The last mentioned was recently downgraded to 'hold'
Read moreLondon open: Greece deal boosts Footsie
12th Apr 2010 08:25
London's top stocks have made a good start to the new week on news that euro zone finance ministers have approved a €30bn emergency aid package for debt-stricken Greece. Under the terms of the deal, Greece would receive the potential aid via a three-year loan with an interest rate of around 5%, wel
Read moreMonday newspaper round-up: RBS, Banks, Greece
12th Apr 2010 06:11
Royal Bank of Scotland has said that it may extend its loans to Liverpool to help the club's unpopular American owners to sell it. It emerged over the weekend that Tom Hicks and George Gillett Jr have abandoned plans to sell a minority stake to Rhône Capital, an American private-equity firm, instead
Read moreBarclays hunts for Liverpool FC buyer, reports
11th Apr 2010 12:24
Barclays is backing a £300m refinancing that will lead to the sale of Liverpool FC, according to weekend press reports. The Sunday Times writes that the bank is this weekend finalising a deal that will see it displace the club's current lenders, provide additional funds to manager Rafa Benitez and
Read moreSunday newspaper round-up: Liverpool FC, Cadbury, Anglo American
11th Apr 2010 11:49
Barclays is to make a shock intervention at Liverpool FC, backing a £300m refinancing that will lead to the sale of the club. The bank is this weekend finalising a deal that will see it displace the club's current lenders, provide additional funds to Rafa Benitez, the manager, and install as chairma
Read moreLondon close: Footsie stays in red
8th Apr 2010 16:51
Footsie remained in the red by close with banks and miners weighing, while ongoing concerns over Greece's debt problems caused uncertainty in most European markets. Miners were out of favour as metal prices show signs of fatigue. Vedanta Resources provided a spot of cheer to the sector, saying it
Read moreLondon afternoon: Footsie dips below 5700
8th Apr 2010 14:21
Footsie has slipped back below 5700 with banks joining miners in the doghouse this afternoon. Miners are out of favour as metal prices show signs of fatigue. Vedanta Resources provided a spot of cheer to the sector, saying it saw a significant uplift in annual production at all its businesses in fi
Read moreNorthern Rock boss paid £1.3m
31st Mar 2010 14:42
Northern Rock's new boss received more in salary and bonuses last year than in his previous job at Barclays even though he waived a £700,000 bonus, accounts from the nationalised bank revealed. Gary Hoffman was paid £1.3m in 2009, consisting of £700,000 salary, pension contributions and £400,000 fo
Read moreLondon close: Footsie takes a late tumble
30th Mar 2010 16:55
A late dive in line with a slide into the red on Wall Street sent shares lower ahead of the close. US stocks were hit by worries over the sovereign debt situation. The retreat came as rating agency Standard & Poors cut Iceland's rating and after subdued demand for an auction of 12-year Greek debt.
Read moreSector movers: Miners on the march
30th Mar 2010 14:48
The mining sector is higher after a couple of updates from big players. BHP Billiton has successfully persuaded several of its iron ore customers in Asia to move to shorter term contracts. The group said it has reached agreement with a significant number of customers throughout Asia to move existin
Read moreLondon afternoon: Footsie seeking direction
30th Mar 2010 14:20
Footsie is still marking time as gains in the mining sector struggle to offset losses among banking stocks. Mining giant BHP Billiton is higher after saying it has successfully persuaded several of its iron ore customers in Asia to move to shorter term contracts. The renegotiated contracts cover th
Read moreFTSE 100 movers: Financials negate mining gains
30th Mar 2010 12:14
Mining companies remain the best performers in the Footsie but they can't totally offset the decline in financials. Strong demand for metals plus news that BHP Billiton has successfully persuaded several of its iron ore customers in Asia to move to shorter term contracts has boosted the whole sect
Read moreLondon midday: Equities mark time
30th Mar 2010 12:01
Footsie finished the morning little changed despite a strong showing from the mining sector. Mining giant BHP Billiton is higher after saying it has successfully persuaded several of its iron ore customers in Asia to move to shorter term contracts. The renegotiated contracts cover the majority of B
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