London close: Gains erased as US data disappoints
22nd Apr 2013 16:21
After a strong start, the FTSE 100 slumped into the red by the close on Monday afternoon as disappointing data and corporate earnings from the US dampened the positive mood. Nevertheless, markets on the whole gave a rather muted reaction to Friday's move by Fitch to strip the UK of it prized 'AAA'
Read moreFTSE 100 movers: Randgold Resources jumps higher
22nd Apr 2013 16:04
Randgold Resources was a strong riser - particularly compared to the rest of its sector - gaining after Blackrock upped its stake in the group to 14.1 per cent, marginally higher than the 14 per cent it previously owned. An increase in risk appetite was benefiting financial stocks today with banki
Read moreSector movers: Banks edge higher ahead of results season
22nd Apr 2013 15:21
Banking stocks were performing well on Monday, rebounding after bearing the brunt of falling risk appetite over the last week. Concerns about the global growth weighed on markets heavily last week after a slowdown in China and cuts to forecasts from the International Monetary Fund dampened the econ
Read moreLondon midday: Banks provide a lift as markets shrug off UK downgrade
22nd Apr 2013 11:20
Markets were making decent gains on Monday morning, shrugging off the news that Fitch had stripped the UK of it prized 'AAA' credit rating, as investors went bargain hunting following some heavy falls the week before. Despite trimming losses after a decent rebound on Friday, the FTSE 100 still fell
Read moreLondon open: Financials lead markets higher early on
22nd Apr 2013 08:16
Equities were making decent gains on Monday morning with financial stocks on the rise in London as markets attempted to claw their way back from heavy losses last week. The FTSE 100 fell a total of 97.8 points last week, losing 1.53% of its value, as concerns about global economic growth and a sell
Read moreFriday newspaper round-up: Vodafone, Aviva, Vedanta...
19th Apr 2013 06:55
"One of the biggest corporate deals in history edged closer yesterday after Verizon said that it was 'extremely confident' it could buy Vodafone's stake in North America's largest mobile network without triggering a huge tax bill," The Times says. Vodafone owns a 45 per cent stake in Verizon Wireles
Read moreFTSE 100 movers: GSK rises on COPD treatment approval
18th Apr 2013 14:59
Shares in pharmaceuticals giant GlaxoSmithKline gained after the the US FDA approved Breo Ellipta, the company's treatment for chronic obstructive pulmonary disease (COPD). "This positive recommendation is a crucial first step towards making Breo Ellipta available for appropriate COPD patients acros
Read moreBarclays investment banking boss Rich Ricci steps down
18th Apr 2013 11:32
Barclays said its investment banking boss Rich Ricci will this month retire from the UK bank. His departure ends months of speculation that he would be ousted by new Chief Executive Antony Jenkins as part of a clampdown on executive pay. Ricci, who is one of the highest paid bankers at Barclays, w
Read moreBarclays revises 2012 profits higher after accounting changes
16th Apr 2013 15:19
Banking giant Barclays on Tuesday restated its 2012 financial results, saying that changes to accounting rules mean that last year's profits should have been over half a billion pounds higher. The company released an updated version of its full-year results that take into account the IFRS 10 and IA
Read moreTuesday newspaper round-up: Boston, Barclays, Petrol prices...
16th Apr 2013 06:49
Three people are said to have been killed and over a hundred injured by two explosions near the finishing line of the Boston marathon yesterday. "The White House said the incident would be handled as an 'act of terror'. If confirmed as terrorism, it would be the most dramatic such incident on the ma
Read moreLondon close: Resource-heavy FTSE 100 lifted by slowing Chinese inflation
9th Apr 2013 16:37
Slowing inflation in China and a strong start to the US earnings season by Alcoa boosted the UK's resource-heavy FTSE 100 stock index on Tuesday, with miners leading the surge. Meanwhile, a raft of upbeat economic data from closer to the home lifted sentiment in the UK today, including better-than-
Read moreFTSE 100 movers: Miners get boost from Alcoa and Chinese inflation
9th Apr 2013 14:31
Strong results from mining heavyweight Alcoa and slowing inflation in China were lifting resource stocks in London today, with ENRC, Vedanta, Rio Tinto, EVRAZ and Anglo American all making strong gains. The latter's shares were also lifted after the miner reported it would produce three per cent m
Read moreLondon midday: Miners lead the Footsie higher
9th Apr 2013 11:33
Miners were making impressive gains by Tuesday lunchtime after price rises in China slowed more than forecast in March, increasing hopes that the People's Bank of China will hold off from tightening policy for the time being. Chinese consumer-price inflation slowed to a 2.1% annual rate in March,
Read moreBroker tips: Centamin, FirstGroup, BP...
9th Apr 2013 11:00
Canaccord Genuity has kept its 'sell' rating and 38p target price for Egyptian gold miner Centamin despite the strong first-quarter production figures announced on Tuesday morning, saying that legal issues still remain. The broker said: "Although we would expect shares to be stronger today we think
Read moreBroker snap: Tradenext highlights buying opportunities on recent sterling weakness
9th Apr 2013 10:48
Tradenext has highlighted a list of attractive opportunities on the London stock market given the recent weakness of the sterling pound. "A fall in the value of sterling will further support FTSE100 stocks and earnings, and make it easier for UK companies to sell their products overseas," said Ronn
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