London midday: Stocks continue to fall, banks tumble
12th Dec 2011 11:49
The Footsie was trading just below the 5,500 level at midday, with banks and miners providing a drag on London's blue chip index. It seems that markets across Europe have given a lukewarm reaction to the 'fiscal compact' agreed by (some) EU leaders late last week, with indices in Paris, Frankfurt an
Read moreFTSE 100 Movers: Banks and miners head north
9th Dec 2011 14:44
The banks - Lloyds, RBS and Barclays - took the top spots, rising around 3% each, as markets digest last night's developments from the EU summit. Mining peers Fresnillo, ENRC, Kazakhmys, Xstrata and Antofagasta were also making gains. EU leaders have failed in a bid to make changes to the treatie
Read moreLondon open: Stocks flat, trading cautious after summit
9th Dec 2011 08:29
It was a flat start for the Footsie as investors digested the details coming from last night's pivotal summit, in which leaders failed to make sweeping changes to treaties which govern all 27 members of the European Union. EU SUMMIT DISAPPOINTS Britain blocked an agreement that would apply to all
Read moreLondon pre-open: Stocks seen lower after summit disappoints
9th Dec 2011 07:39
The Footsie is predicted to open with a steep fall on Friday morning after European leaders last night failed to agree on a treaty change for all 27 members of the EU. City sources predict the FTSE 100 will open down 59 points from yesterday's close of 5,484. Following a 10-hour meeting that ran i
Read moreCentrica buys Canadian gas fields
9th Dec 2011 07:06
British gas owner Centrica is to spend $58m (£37m) buying gas assets in Canada as it continues to grow its North American business. The 'Carrot Creek' assets include 80 producing wells, associated infrastructure and a gas processing plant with natural gas liquid extraction capability. Centrica cal
Read moreFaroe and Centrica complete sidetrack well
7th Dec 2011 12:44
Faroe Petroleum, an independent oil and gas company, has reported the completion of a successful initial side-track well on the Butch oil discovery, in which it has 15% stake, located in the Norwegian North Sea. An intital side-track was drilled to appraise for additional volumes of oil surrounding
Read moreLondon close: Footsie finishes flat on euro concerns
6th Dec 2011 16:53
The Footsie finished flat on Tuesday, as some worrying comments on the Eurozone by ratings agency Standard & Poor's continued to weigh on sentiment. The index traded within a narrow range of just 51 points today, with investors likely to stay cautious ahead of a pivotal EU summit scheduled at the e
Read moreLondon midday: Footsie in the blue despite S&P warning
6th Dec 2011 12:01
UK equities pushed into positive territory (albeit only slightly) by midday but trade was choppy in the morning session, as a Standard & Poor's warning over Eurozone ratings rattled markets' nerves. Nevertheless, US futures were pointing to a positive start on Wall Street, providing a lift here in
Read moreLondon open: Stocks up on euro hopes, Michael Page tanks
5th Dec 2011 08:17
London's blue chip index has opened higher, building on last week's gains of 7.5%, as a pivotal week in the Eurozone crisis kicks off. KEY WEEK FOR EURO French President Nicolas Sarkozy and German Chancellor Angela Merkel are due to meet in Paris today to discuss the centralised control of Eurozon
Read moreLondon close: Stocks up 7.5% on the week on euro hopes
2nd Dec 2011 16:39
London's Footsie pared gains in the afternoon but still finished the day nearly 1% higher as easing fears over the Eurozone crisis kept the blue chip index firmly in positive territory. Despite closing some 50 points below the best levels of the day, the Footsie has gained 7.49% over the last week,
Read moreSector movers: Banks jump, defensives sold
2nd Dec 2011 15:55
The banking sector, a category typically sensitive to the outlook for the global economy - and more recently, developments in the Eurozone - was the best performing sector today, after comments from European leaders over 'fiscal union' helped to ease fears over the sovereign debt crisis. German Cha
Read moreFriday tips round-up: Centrica, Anite, May Gurney
2nd Dec 2011 07:25
There are about six billion mobile phones on the planet. There are, as yet, just two million subscribers to the next generation, the 4G networks, mainly scattered across the United States and in the Far East, writes Tempus in The Times. That statistic tells you all you need to know about the stock m
Read moreLondon open: Thomas Cook, Dixons jump higher
24th Nov 2011 08:34
The Footsie was trading broadly flat early on, swinging between small gains and losses in the opening minutes. Weighing on sentiment was a poll by Reuters/Ipsos MORI which showed that the majority of Britons (58%) believe the economy will get worse over the next year. That is the highest figure sin
Read moreTuesday broker round-up - UPDATE
22nd Nov 2011 09:34
British Land: Bank of America-Merrill Lynch upgrades to buy from neutral. Centrica: Goldman Sachs keeps at Conviction Buy. Smith&Nephew: Citi cuts target to 492p from 507p, keeps at sell. Smith&Nephew: Citi reiterates neutral. Thomas Cook: Evolution Securities downgrades from neutral to sell, t
Read moreSector movers: Oil services stocks fall as crude sinks
21st Nov 2011 13:44
Every sector was either trading flat of registering a loss on Monday as European and US debt concerns sparked a mass sell-off. Oil equipment, services and distribution stocks were the worst performers as oil prices sank for the third day. The Finance Ministry of Japan, the third-largest crude oil c
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