London close: Strong gains for FTSE 100
13th Oct 2010 16:36
Footsie moved up gear following a strong start on Wall Street, and was nearly posting triple-digit gains at trading's close. US stocks are going well following strong results from processor group Intel and banking giant JP Morgan and strong indications from the Federal Reserve that further stimulus
Read moreLondon afternoon: Still up over 1%
13th Oct 2010 14:45
The leading index broke above 5,750 briefly ahead of the opening bell on Wall Street, its highest since the end of April, led by a powerful mining sector. US stocks have started well - the Dow Jones is up almost 70 points - following strong results from Intel and JP Morgan and strong indications fr
Read moreFTSE 100 movers: Miners stimulated by US hopes
13th Oct 2010 13:31
Xstrata, Vedanta Resources, Anglo American and Rio Tinto are higher on hopes of a fiscal stimulus in the US. Oil services group Petrofac is upgraded to 'overweight' from 'equal-weight' by broker Morgan Stanley, which thinks business opportunities in Britain, Iraq and Algeria will boost the company
Read moreSector movers: Metal rise boosts miners, Fresnillo shines
13th Oct 2010 12:25
The mining sector is going well today, mainly due to higher metals prices, but some company updates have also impressed. Mexico based precious metals miner Fresnillo is shining after it said silver production reached a record level in the third quarter. Elsewhere in Latin American precious metals,
Read moreLondon midday: Footsie boards the Fed express
13th Oct 2010 12:05
Hints from the US Federal Reserve that it will resume its bond buying programme sooner rather than later galvanised the UK market in the morning session with mining stocks going particularly well. Xstrata, Anglo American, Rio Tinto and Antofagasta are the pick of a mining sector buoyed by the pros
Read moreLondon open: Wall St rally boosts Footsie
13th Oct 2010 08:48
Last night's recovery on Wall St following the Federal Reserve's hint at further stimulus measures has boosted London early on despite a big bank cash call. Standard Chartered, the emerging markets focused bank, is preparing for stricter capital requirements for banks with a £3.26bn cash call. The
Read moreLondon pre-open: US stimulus hopes to drive gains
13th Oct 2010 07:38
Last night's recovery in the states following the Federal Reserve's hint at further stimulus measures for the American economy should feed through to London early on. The Dow Jones managed a small gain after trading lower for much of the session. The FTSE 100 is expected to add about 30 points at t
Read moreBurberry predicts 'top half' year
13th Oct 2010 07:03
Burberry's underlying sales matched forecasts for the first half and the trendy clothing group is predicting full-year profit to be in the top half of the range of estimates. Underlying sales for the six months to 30 September jumped 17%, or 21% on a reported basis, to £641m. Comparable store sales
Read moreWednesday preview: Burberry, Fresnillo
12th Oct 2010 17:56
Burberry has been setting pulses racing lately, not just at London Fashion Week, but among traders as rumours of a bid for the luxury clothing group do the rounds. A private equity group could be circling. But the focus in tomorrow's trading update is likely to be on the raw figures. JP Morgan Caze
Read moreSunday newspaper round-up: Potash, BP, George Osborne...
10th Oct 2010 10:52
One of Canada's biggest pension funds is plotting an audacious bid to spoil BHP Billiton's $39bn (£24.5bn) hostile takeover of Potash Corporation of Saskatchewan, the world's biggest fertiliser producer. Ontario Teachers Pension Plan, which controls a C$96bn (£60bn) portfolio that includes Camelot,
Read moreFTSE 100 movers: Brazilian optimism for BG
1st Oct 2010 13:40
BG is higher after its Spanish peer Repsol announced a deal with the Chinese refiner Sinopec, which will result in Sinopec holding a 40% stake in Repsol's Brazilian unit. BG and Repsol have been exploring for oil in the waters of Brazil in partnership and the deal is thought likely to be beneficia
Read moreLondon close: Footsie slumps in last hour
30th Sep 2010 16:48
A last hour slump sent Footsie into the red by the close of a roller-coaster day. The index had been over 50 points higher in mid-afternoon after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. But the Dow turned down sharply soon after, draggin
Read moreLondon afternoon: US GDP data jolts Footsie into life
30th Sep 2010 15:02
Leading equities stormed higher after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. Although this represented a slow-down from the 3.7% gain in the first quarter economists had not been expecting any improvement on the previous estimated gain,
Read moreFTSE 100 movers: Burberry bid rumours
30th Sep 2010 13:42
Luxury brands supplier Burberry is continuing its strong rise during September. The shares are more than one-fifth higher this month. There are rumours of an overseas bidder. Man has made up much of the loss from earlier in the week when it disappointed the market by admitting that first half pr
Read moreCSC finance boss goes shopping
10th Aug 2010 16:21
Matthew Roberts, finance director of the property group Capital Shopping Centres (CSC), has opened his account in the company, spending more than £100,000 on shares. He took 30,000 shares at 335p a time, his first purchase of shares in CSC, which owns the Lakeside shopping centre in Essex as well
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