FTSE 100 movers: Miners fall back
16th Nov 2010 14:02
Miners and financials are falling because of concerns about the European economy. Antofagasta, Kazakhymys, Fresnillo, Rio Tinto and Xstrata are the big fallers in the mining sector as metals prices decline. Hedge fund manager Man Group is the worst performing financial. Packaging group Rexam
Read moreLondon midday: Battering for blue chips
16th Nov 2010 12:16
Footsie is deep in the mire after the late swoon on Wall Street last night and concerns over the health of the entire eurozone. Miners have tanked with metals prices, while banks are still edgy over the sovereign debt situation in Ireland. Kazakhymys, Fresnillo, Xstrata, Anglo American and Antofa
Read moreLondon open: Early losses for Footsie
16th Nov 2010 08:58
Footsie has posted substantial losses following the reversal on Wall Street last night, with miners and financial groups bearing the brunt of the selling. Kazakhymys, Fresnillo, Man and Antofagasta are the worst of the fallers so far, with chip maker Arm the best of the risers. It's another hefty
Read moreLondon close: Two-year high for blue chips
4th Nov 2010 17:01
Footsie hit a two-year high as investors piled into blue chips after yesterday's larger-than-expected stimulus package unveiled by the US Federal Reserve. But the good sentiment was not universal, with some hefty fallers on the back of disappointing trading updates. Hopes that the Bank of England's
Read moreLondon afternoon: Morning's gains consolidated
4th Nov 2010 14:23
Since the Bank of England's noon announcement extinguished the small hopes of Britain joining the US in reviving its quantitative easing programme, leading shares have marked time. Miners are still doing particularly well on hopes that the Fed's stimulus measures will help sustain the global econo
Read moreFTSE 100 movers: Funds growth for Man
4th Nov 2010 14:04
Hedge fund manager Man Group has risen more than 10% as funds under management grew in the third quarter of 2010. Man reported a rise in funds under management to $40.5bn (£25.2bn) from $38.5bn the previous quarter. The firm says that it was 'due to strong investment performance and favourable FX m
Read moreLondon midday: Market follows Man higher
4th Nov 2010 12:54
After a morning of holding its breath waiting for the Bank of England's pronouncement on quantitative easing, the admittedly small hopes that the Bank would follow the US central bank's lead and resume its asset buy-back programme were crushed by the announcement of maintenance of the status quo. N
Read moreLondon open: Shares jump after US launches second stimulus phase
4th Nov 2010 08:30
Yesterday's announcement of a second phase of quantitative easing in the US has sent shares soaring. Miners in particular are going well on hopes that the stimulus measures will help sustain the global economic recovery. BHP Billiton, Kazakhmys and Xstrata move ahead. In other sectors, Anglo-Dutc
Read moreInstitutional investors return to Man
4th Nov 2010 08:21
Funds under management (FuM) at the end of the third quarter were $1bn ahead of Man Group's expectations, helped by strong investment performance and favourable currency movements at the end of September. On 28 September the hedge fund manager had estimated FuM at the end of September would be $39
Read moreThursday preview: BoE QE, Man Group, Unilever
3rd Nov 2010 15:58
By Thursday morning markets will know whether the US Federal Open Market Committee (FOMC) has resumed quantitative easing (QE) and, if so, by how much. Attention will then turn the Bank of England's Monetary Policy Committee (MPC), which has much the same decision to make as its US counterpart. Whi
Read moreMan pledges fast integration of GLG
14th Oct 2010 11:16
The $1.6bn acquisition of investment management firm GLG Partners by hedge fund manager Man Group, first announced back in May, has finally gone through. GLG is now a wholly owned subsidiary of Man Group, an event that Man's chief executive, Peter Clarke, claimed was "a significant milestone in Man
Read moreThursday tips round-up: Fresnillo, Antofagasta, Bodycote
14th Oct 2010 06:29
Fresnillo, the Mexican company that is the world's biggest producer of silver, expects to top earlier forecasts of gold and silver production this year after a strong third quarter in which production of both metals was running at record levels. A note from Liberum yesterday points out that Fresnil
Read moreLondon close: Footsie closes on low note
7th Oct 2010 16:52
Footsie turned down in the afternoon session despite better than expected US jobs and retail sales figures. US shares did not respond to the economic data and by midday the Dow was showing strongly red. In Europe, interest rates were left on hold by both the Bank of England and European Central ba
Read moreLondon afternoon: BoNY-M stalking Man
7th Oct 2010 14:37
Better than expected US jobless figures have given the UK market a lift, with the Footsie now knocking on the door of 5700. Mining stocks are, by and large, still refusing the join the party. Copper miners Kazakhmys and Antofagasta lead the sector lower. Indian miner Vedanta is holding up though
Read moreFTSE 100 movers: Man up on bid rumours
7th Oct 2010 13:43
Hedge fund manager Man Group is rising on rumours that a US bank might bid. The shares have risen by around 15% so far this month. Like-for-like sales growth at retailer Marks & Spencer's UK stores was well ahead of market expectations in the third quarter. M&S delivered a 5.3% increase in the 13
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