London close: Footsie rally continues
25th Aug 2009 16:32
After an afternoon of see-sawing between the red and the blue, Footsie finished in positive territory and above the 4,900 point mark, continuing its rally. State-owned lender Royal Bank of Scotland finished with good gains after it said it will cut the level of benefits received by members of its
Read moreLondon afternoon: US data encourages Footsie
25th Aug 2009 15:11
A strong start on Wall Street is keeping London in the blue, just, with investors welcoming a bigger than expected jump in US consumer confidence. The leading index remains on course for a sixth consecutive day of gains after state-owned lender Royal Bank of Scotland said it will cut the level of b
Read moreLondon midday: Footsie still in the red
25th Aug 2009 11:54
Despite threatening to move back into positive territory an hour ago, the Footsie has slid further back down into the red. Miners are still heavily weak with seven out of the top ten losers so far from the sector. Kazakhmys, Xstrata, Antofagasta, Eurasian Natural Resources, Rio Tinto, BHP Billiton
Read moreLondon open: Miners lead decline
25th Aug 2009 08:15
Miners are leading London's top stocks lower in early dealing after a poor afternoon session in the US and weaker Asian markets. Kazakhmys is the worst performer, down more than 4%, closely followed by Lonmin, Xstrata, Antofagasta, Eurasian Natural Resources, Rio Tinto, Anglo American, BHP Billito
Read moreLondon pre-open: Early selling on the cards
25th Aug 2009 07:37
A poor afternoon session in the US and weaker Asian markets will set the tone for London this morning, with investors worried about talk of a correction following the recent rally. The FTSE 100 is expected to lose around 40 points in early deals after Wall Street gave up a big lead to finish with j
Read moreCairn to start Rajasthan production this week
25th Aug 2009 07:04
Cairn Energy fell into the red during the first half of 2009 and saw revenue slump by $100m, but the oil and gas group is over the moon as production is due to begin in Rajasthan this week. The company reported a loss after tax, but before exceptional items, of $20m for the six months to 30 June ve
Read moreLondon close: Meek end to bumper week
31st Jul 2009 16:23
Blue chips ended a near-record breaking week on a low note. Footsie closed down sharply after disappointing second quarter consumer spending figures in the US. Insurers lead the market lower ahead of the sector's results season. Standard Life, Old Mutual, RSA Insurance, Friends Provident and Leg
Read moreLondon afternoon: US consumer spending casts pall
31st Jul 2009 14:10
The Footise dropped sharply after disappointing second quarter consumer spending figures in the US. Insurers lead the market lower ahead of the sector's results season. Standard Life, Old Mutual, RSA Insurance, Friends Provident and Legal & General are the worst performers among life assurance s
Read moreLondon midday: Equities move sideways
31st Jul 2009 12:06
Leading shares remain mixed but with a slight bias to the upside, helped by improved sentiment towards travel stocks. British Airways is a bright spot after making some positive noises to accompany its first quarter results. "While traffic volumes are down considerably compared to last year, they h
Read moreLondon close: Modest gains as US struggles
9th Jul 2009 16:33
Equities held onto gains despite a lacklustre final session as Wall St struggled to make headway. Mining stocks continue to dominate the list of risers. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold miner Rand
Read moreLondon afternoon: Rally gathers pace
9th Jul 2009 14:46
Equities pushed higher over the lunch-time session, boosted by expectations of a firm start on Wall Street. Mining stocks continue to dominate the list of risers. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold min
Read moreFTSE 100 movers: Fresnillo lifted by broker upgrade
9th Jul 2009 14:25
Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast, the US bank had downgraded gold miner Randgold Resources to "hold" from "buy". Elsewhere in the sector Anglo American jumps on hopes that Xstrata will bow to institutional pressure and pay a premi
Read moreLondon close: Late rally fizzles out
6th Jul 2009 16:37
Footsie made a brief attempt to lift itself into the blue in late trading but finished where it spent most of the day: firmly in negative territory. Declining metal and oil prices took their toll on resource stocks. Copper miners Lonmin and Kazakhmys are among the big fallers, despite both stocks b
Read moreLondon afternoon: Defensives in favour as stocks slide
6th Jul 2009 14:26
Footsie is halfway to a triple digit fall as resource stocks drag the market lower, with many pundits suggesting that the market may have bounced back too far since it reversed course in March. Declining metal and oil prices are taking their toll on resource stocks. Copper miners Lonmin and Kazakhm
Read moreLondon midday: Miners drag Footsie down
6th Jul 2009 12:07
Resource stocks have dragged Footise lower and with Wall Street predicted to open lower there is little prospect of a transatlantic boost in the afternoon session. Declining metal and oil prices are taking their toll on resource stocks. Copper miners Lonmin and Kazakhmys are among the big fallers,
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