London midday: Banks lift Footsie 1% as stocks rebound
1st Apr 2015 11:19
UK stocks jumped nearly 1% on Wednesday morning, partly reversing steep losses experienced the previous session, as stimulus hopes in China and an improvement in global manufacturing repaired sentiment. London's FTSE 100 was up 0.98% at 6,839.14 by midday, after dropping 1.7% to 6,773.04 on Tuesday,
Read moreLondon open: Equities rebound as Chinese stimulus hopes rise
1st Apr 2015 09:02
UK stocks bounced off a two-and-a-half-week low on Wednesday morning as market sentiment recovered after a sharp sell-off. London's FTSE 100 was up 0.41% at 6,800.98 early on, after dropping 1.7% to 6,773.04 on Tuesday, its lowest close since 13 March. The rising possibility of state boost to the r
Read moreEvraz pledges share buyback plan despite reporting $1.28bn in net loss
1st Apr 2015 07:34
Russian focused steelmaker Evraz on Wednesday pledged to buy-back its shares despite reporting a net loss of $1.28bn last year. The FTSE 250 listed group's 2014 net loss was more than double its $504m loss in 2013. Group revenues decreased by 9.4% in 2014 year to $13.1bn, in line with estimates at $
Read moreEvraz sells part of North American subsidiary
6th Mar 2015 07:43
Steel maker Evraz has agreed the sale of part of its North American business for $51m in cash. Russia's largest steel maker, which is listed on the FTSE 250, said its subsidiary Evraz North America had agreed to sell its structural tubing business to Maruichi Oregon Steel Tube for roughly $51m, incl
Read moreSector movers: Miners rise on Ukraine ceasefire deal, Rio Tinto jumps
12th Feb 2015 14:47
Mining stocks gained on Thursday, benefitting from an increase of risk appetite across financial markets as tensions between Ukraine and Russia eased, while Rio Tinto impressed with its annual results. Russian president Vladimir Putin on Thursday morning confirmed that the country had reached a ceas
Read moreSector movers: ECB stimulus gives mining stocks a lift, gold rises
22nd Jan 2015 14:36
Confirmation of a massive bond-buying programme by the European Central Bank (ECB) was well-received by the market on Thursday, with mining stocks among the best performers as shares benefited from an increase in risk appetite. The ECB unveiled a quantitative easing programme totalling €1.1trn, with
Read moreLondon midday: UK stocks trim gains as miners decline
19th Jan 2015 12:17
UK stocks had pared gains and were trading more or less flat by Monday lunchtime as investors showed caution ahead of a busy week. London's FTSE 100 was up just 0.1% at 6,558 by noon, having pulled back after reaching an intra-day high of 6,589.20 early on as mining stocks extended losses. Monday's
Read moreLondon open: Stocks rise ahead of busy week with ECB in focus
19th Jan 2015 08:38
UK stocks rose on Monday morning ahead of a busy week, as investors shrugged off a sell-off on Chinese markets overnight. London's FTSE 100 was up 0.4% at 6,577 in early deals. Stocks in Shanghai plunged 8% on Monday with shares in the financial sectors faring the worst after securities regulators
Read moreEvraz reports drop in full-year production
19th Jan 2015 08:13
Evraz said full-year production was hurt by the disposal of the company's Vitkovice Steel in the Czech Republic and the shutdown of Evraz Claymont operations in the US. For the full fiscal year 2014 consolidated crude steel production and output of steel products, net of re-rolled volumes, dropped b
Read moreLondon pre-open: Positive start expected despite sell-off in China
19th Jan 2015 07:39
UK stocks were expected to rise on Monday despite a massive sell-off on Chinese markets overnight after the government cracked down on margin-trading accounts. City sources predict the FTSE 100 will open 20 points higher than Friday's close of 6,550.27. Stocks in Shanghai plunged 8% on Monday with
Read moreSector movers: Evraz leads industrial metals higher as Russia halts rouble slide
17th Dec 2014 16:10
An afternoon comeback for UK markets was led by gains in the resources sector, with industrial metals and mining stocks rebounding strongly after some heavy losses the previous session. Iron ore, copper and nickel producers dropped on Tuesday as metal prices fell on the back of concerns about a slow
Read moreLondon midday: UK stocks back in the red ahead of Fed meeting
17th Dec 2014 12:18
UK stocks were back in the red on Wednesday after their first gain in seven days the previous session, with investors scaling back risk appetite ahead of a number of risk events. Along with a host of economic data due out during the session, markets were keeping an eye out for minutes for the latest
Read moreLondon open: UK stocks drop early on as investors await risk events
17th Dec 2014 08:21
UK stocks dropped sharply on Wednesday morning as the sell-off resumed ahead of a busy session for global financial markets. The FTSE 100 was down 0.8% at 6,284 early on. The index had jumped 2.4% the previous session, snapping a six-day losing streak, as West Texas Intermediate crude futures rebou
Read moreSector movers: Industrial miners hit as metal prices fall on Chinese woes
16th Dec 2014 15:08
Data from China showing that factory output declined pressured London's industrial metals and mining sector lower on Tuesday as commodity prices fell. Miners such as Zanaga Iron Ore, URU Metals, Evraz, Ferrex, First Quantum Minerals and Ferrexpo were all trading with losses in afternoon trade. HSBC
Read moreFTSE 250 movers: Mining companies hit by pessimistic analysis from Credit Suisse
15th Dec 2014 14:16
Soco International, Afren and EnQuest all rose on Monday after a slight rebound early on in crude futures. That came after Libya declared "force majeure" at two key ports over the weekend, shutting down export capacity equivalent to 560,000 barrels per day. That seemed to give the energy sector a bo
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