London afternoon: Banks lead the fight back
3rd Jul 2009 14:30
Share prices are creeping higher after yesterday's heavy falls, with banking stocks leading the fight back. Barclays, HSBA and Lloyds Banking lead the banking sector higher while insurers such as Aviva and Legal & General are also wanted. An exception to the general strength of insurers is Friends
Read moreLondon midday: Shares remain dull
3rd Jul 2009 12:02
Trading remains quiet in London, today after yesterday's excitement following dismal US unemployment figures. Friends Provident is the worst performing blue-chip as the market adjusts its share price to take account the demerger of its 52% stake in F&C Asset Management. Resource stocks are friendl
Read moreLondon close: Footsie buoyed by global rally
1st Jun 2009 16:35
London's top stocks finished with stellar gains as optimism about the global economy boosted markets worldwide. Hopes of a recovering economy pushed forward commodities. Oil is near $68 per barrel, while copper climbed to $5,000 per tonne, its highest since October. Gold rose to $985 an ounce. C
Read moreLondon afternoon: UK joins global rally
1st Jun 2009 14:26
Footsie is still going well as markets rally globally amid further hopes that the world economy is beginning to recover. Oil rose to $68 per barrel, while copper climbed to $5,000 per tonne, its highest since October. Gold rose to $985 an ounce. Copper miner Antofagasta is one of the best perfor
Read moreLondon open: Early surge for Footsie
1st Jun 2009 08:37
London has opened sharply higher after gains in Asia overnight and with strong showings by the mining and oil sectors. There are only a handful of fallers this morning so far with the miners and oil stocks pushing the index higher. Xstrata, Vedanta and Lonmin are leading the way with Cairn Energy t
Read moreLondon close: Footsie climbs higher
18th May 2009 16:50
Footsie closed with strong gains after steady advances throughout the afternoon, supported by a good showing on Wall Street. It was India that stole the show among world markets though in the wake of the Congress party's election victory. Vedanta, which mines for copper in the country, shrugged off
Read moreLondon afternoon: Momentum gathers pace
18th May 2009 14:33
A strong start on Wall Street has given renewed impetus to London's advance, with a strong showing by the Indian stock exchange also benefiting some India-focused stocks. Vedanta is a rare bright spot among miners, benefiting from the bounce Indian stocks received in the wake of the country's elect
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