London afternoon: Imagination hit by Samsung rumour
12th Nov 2010 14:27
Considering mining shares are in the dumper Footsie, though lower on the day, is faring reasonably well, after a lunch time session that saw share prices move sideways. Miners are big fallers on disappointment with the outcome at the G20 meeting and the possibility of a currency free-for-all. Talk
Read moreFTSE 100 movers: Rolls-Royce recovers
12th Nov 2010 13:16
Shares in Rolls-Royce have recovered even though it will have to spend money solving the problems of the Trent 900 engine. This extra cost will hit 2010 profit. An investigation into the engine explosion on the Trent 900 powered A380 Qantas super-jumbo has found the failure was confined to one com
Read moreLondon midday: Footsie flat after recovery
12th Nov 2010 12:13
Shares are looking for direction now after staging an impressive recovery from this morning's losses. Aero-engine maker Rolls-Royce is going well despite warning solving the problems on its Trent 900 engine will mean it making less money than expected in 2010. Centrica is also higher after the Br
Read moreBritish Gas lifts prices by 7%
12th Nov 2010 09:35
British Gas will raise householders' gas and electricity bills by an average of 7% from 10 December, the utility group's owner Centrica has announced. The price change will amount to a weekly increase of £1.50 on the average bill and will affect about 8m customers on British Gas's standard and vari
Read moreLondon afternoon: Footsie returns to blue
29th Oct 2010 15:15
London has finally pulled itself back into the blue helped by a solid start on Wall Street after GDP numbers disappointed slightly. Over here, GfK NOP's consumer confidence index improved to -19 in October, confounding economists' expectations of a slide to -22 or even lower. The survey was taken b
Read moreSSE ups gas prices by 9%
29th Oct 2010 12:39
Scottish and Southern Energy has put its gas tariffs up by 9.4% just a day before the clocks go back and nights get darker. The new prices kick in from the start of December and will affect 3.6m customers. It is the first price rise by one of the 'big six' suppliers for two years and could pave t
Read moreLondon close: Miners keep Footsie in the blue
25th Oct 2010 17:04
Were it not for the strength of miners today Footsie would undoubtedly have ended in the red, as many share prices experienced a late swoon. Miners were wanted on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end
Read moreLondon afternoon: Miners retain most of their gains
25th Oct 2010 14:28
London has lost some of its gains in the early afternoon but it is showing signs of a renewed upturn. Miners remain the best performers on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end to so-called currency w
Read moreLondon midday: Banks miss out
25th Oct 2010 12:05
Having got off to a flying start London spent the mid-morning period slowly relinquishing its gains before regaining impetus just before midday. Miners continue to lead the advance on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adh
Read moreLondon open: Currency issues lift miners
25th Oct 2010 08:48
Blue chip rose sharply as the softer dollar lifted commodity prices higher. Most Asian markets did well as the G20 economic powerhouses promised to work together to avoid "competitive devaluation" of currencies. That has been interpreted as a signal for the dollar to slide further, which has encou
Read moreLondon pre-open: Metals to lead rally
25th Oct 2010 07:41
City trading screens will be turning blue on Monday as the softer dollar gets commodity prices moving higher. Most Asian markets did well this morning as the G20 economic powerhouses promised to work together to avoid "competitive devaluation" of currencies. That was taken as a negative for the gre
Read moreMonday newspaper round-up: Jobs, G20, EMI...
25th Oct 2010 06:19
David Cameron faces warnings from business leaders today that Britain cannot "cut its way to prosperity" as the Government braces itself for figures suggesting that the economy may be heading for a double-dip recession. The Prime Minister will insist that he can attract investment in vital UK servi
Read moreSunday newspaper round-up: Rio Tinto, BHP Billiton, Vedanta, Immigration
17th Oct 2010 13:21
Two of the world's largest mining companies are set to abandon a £70 billion merger of their iron-ore operations after Europe indicated it would block the deal. BHP Billiton and Rio Tinto wanted to put their Australian operations into a joint venture that would have controlled about a third of the w
Read moreLondon open: Footsie slightly lower after updates' mixed reception
7th Oct 2010 08:33
Shares have fallen back in early dealings following a mixed reception for company updates. Traders may also be looking ahead to today's announcement from the Bank of England on whether it will resume the quantitative easing (QE) programme. There have been calls for more QE from within the nine-mem
Read moreLondon pre-open: Traders keep powder dry
7th Oct 2010 07:30
Investors seem to be in the mood to sit on their hands ahead of today's announcement from the Bank of England on whether it will resume the quantitative easing (QE) programme, with City sources suggesting the FTSE 100 index will open just a couple of points lower. There have been calls for more QE
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