FTSE 100 movers: Miners recover
17th Mar 2011 14:18
Mining shares are starting to recover today. Antofagasta and Xstrata are both ahead. Shares in Weir Group are higher after one of its directors, Lord Smith of Kelvin, bought more than £48,000 worth of shares. Legal & General has fallen even though the insurer raised its full year dividend by 2
Read moreFTSE 100 movers: BG appoints new finance chief
14th Mar 2011 13:22
BG Group is higher following the appointment of Fabio Barbosa as its finance director. Barbosa was previously finance director of miner Vale and a director of the Brazilian stock exchange. Norwegian oil and gas producer DET NORSKE OLJESELSKAP is selling a 10% stake in the PL 522 licence, which i
Read moreBroker tips: Standard Chartered, Cairn, Rotork
3rd Mar 2011 13:10
Nomura has upgraded its recommendation for Asia-focused bank Standard Chartered following the lender's confident reiteration of a target of double-digit revenue growth in 2011. The broker ups the rating to 'neutral', from 'reduce', but queries the profitability of Standard Chartered's growth and th
Read moreBroker snap: Cairn nears India sale
3rd Mar 2011 11:35
UBS raises the target price for Cairn Energy, as confidence improves in the oil producer's Greenland prospects, while the sale of its Indian unit moves closer. The target price is raised by 25p as the broker thinks that the shares are reflecting some hope of early summer mobilisation and drilling i
Read moreLondon close: Blue chips rally near close
24th Feb 2011 16:40
Shares rallied near the close despite the ongoing turmoil in Libya as Saudi Arabia indicated it would boost production to meet any shortfall caused by the unrest. Libya only produces about 2% of global output, but traders are worried the turmoil could spread to bigger oil producers, such as Algeri
Read moreFTSE 100 movers: Bumper profit from Capita
24th Feb 2011 15:27
Outsourced services provider Capita is the best performer after its figures. Capita lifted revenues and profits in 2010 despite the coalition government's cost-cutting drive. Pre-tax profits climbed to £364.2m from £325.1m on revenues that rose to £2.74bn from £2.69bn. Serco has risen on the back
Read moreLondon close: Shares applaud Mubarak exit
11th Feb 2011 16:51
Shares rallied sharply in the afternoon following strong confidence figures from the US, but it was the announcement that Egyptian president Hosni Mubarak is stepping down that really stirred up excitement. One stock in particular reacted strongly to the announcement. Shares in gold miner Centamin
Read moreFTSE 100 movers: Retailers on the slide
11th Feb 2011 14:13
Retailers are among the main fallers after some weekly sales figures from unquoted retailer John Lewis. Next, Marks & Spencer, Kingfisher and Burberry are all lower after underwhelming sales figures from the John Lewis. There was a 1% rise in sales in the week to February 5 from the same period l
Read moreLondon afternoon: L&G leads modest advance
11th Feb 2011 14:11
Leading shares are mixed but with a slightly firmer bias after rising over the lunchtime session. Insurer Legal & General (L&G) leads the advance on the back of a positive broker note from Nomura Securities. "We highlight our preference for L&G over Prudential (Reduce), given that we expect Pru to
Read moreCairn won't accept tinkering with Rajasthan deal
11th Feb 2011 12:20
Cairn Energy won't put up with any interference from the Indian government in the $9.6bn sale of its oilfields in Rajasthan to Vedanta, it has told shareholders. The Scottish oil explorer announced the deal last August and wants it to conclude before April 15, but there are concerns Indian official
Read moreLondon midday: FTSE 100 back above 6,000
11th Feb 2011 12:18
The FTSE 100 is back above 6,000 after a weaker spell earlier but remains in the red. Retailers are among the heaviest fallers after some underwhelming sales figures from the John Lewis. As the department store itself put it, the 1% rise in sales in the week to February 5 from the same period las
Read moreLondon open: Oil groups lift Footsie
11th Feb 2011 09:00
Footsie has rallied from a weak start with resources stocks sparking into life and buyers encouraged by some bid activity among the mid-caps. Support services group Carillion is moving up nicely after agreeing to pay £306.5m for green support services business Eaga. In a deal recommended by Eaga b
Read moreLondon close: Good gains for FTSE 100
7th Feb 2011 16:40
Shares held onto their gains after a decent start on Wall Street to close well in advance of 6,000 points. Gold miner Randgold Resources is wanted after it shrugged off operational and political setbacks in 2010 to post a sharp increase in profit, helped by the increase in the price of gold. Profi
Read moreLondon afternoon: Gains pared
7th Feb 2011 14:19
Leading shares saw gains trimmed over the lunch time session but the Footsie remains comfortably in positive territory, due in no small part to the strength of mining stocks, Gold miner Randgold Resources is wanted after it shrugged off operational and political setbacks in 2010 to post a sharp in
Read moreLondon midday: Miners push FTSE 100 past 6,000
7th Feb 2011 12:04
Strength in the miner sector has helped lift the FTSE 100 well above 6,000 points. Gold miner Randgold Resources as among the best performers after it shrugged off operational and political setbacks in 2010 to post a sharp increase in profit, helped by the increase in the price of gold. Profit befo
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