London close: Late rally falls short
12th May 2011 16:58
Shares clawed back some of their losses ahead of the close but still finished firmly in the red as miners sank in line with commodity prices. Metals prices were on the decline amid monetary tightening in China, hurting mining stocks such as Fresnillo, Vedanta Resrouces and Kazakhmys. Lower oil pric
Read moreLondon midday: Losses widen amid commodity slide
12th May 2011 12:05
The FTSE 100's losses have grown with miners on the back foot amid worries over global growth. Silver specialist Fresnillo leads the mining sector lower in the FTSE 100. Worries that China may further tighten monetary policy are hurting commodity prices. Lower oil prices were evident on the markets
Read moreCommodities decline on growth worries
12th May 2011 11:10
Worries over global economic growth have caused continuing declines in commodity prices. Crude prices continued sliding Thursday after the International Energy Agency (IEA) lowered its forecast for global oil demand. The Paris-based agency cut its estimate for daily consumption by 194,000 barrels
Read moreLondon close: Stocks soar past 6,000 points
10th May 2011 16:36
The top share index put its recent jittery performance behind it as hopes the Greek debt situation could move towards a solution buoyed equities. There was also a raft of company updates for traders to digest. Pace plunged after the set-top box maker lowered its full-year profits guidance. The sha
Read moreLondon midday: FTSE 100 back above 6,000
10th May 2011 12:06
Shares have moved past the 6,000 point mark with well-received company results helping to power the advance. But Pace has plunged after the set-top box maker lowered its full-year profits guidance. The shares are down nearly 40% after it said the board now expects operating profit to be in the rang
Read moreLondon open: Shares advance despite Pace collapse
10th May 2011 08:55
Stocks are higher this morning, but the share price of Pace has plunged after the set-top box maker lowered its full-year profits guidance. The shares are down more than 40% after it said the board now expects operating profit to be in the range of $150m to $170m (£97m - £110m) after the group batt
Read moreeasyJet losses nearly double
10th May 2011 08:01
No frills airline easyJet nearly doubled first half losses as fuel prices increased and as customers remain cautious about flying in difficult economic conditions. For the six months ended 31 March 2011 loss before tax widened to £153m from a loss of £79m a year earlier. Total revenue increased to
Read moreFTSE 250 movers: easyJet gains altitude
6th May 2011 14:57
Budget airline easyJet is flying higher after better-than-expected passenger figures for April. The airline carried 4.72m passengers in April, up 35.1% from the 3.49m passengers in April 2010. Hotels group Millennium & Copthorne posted higher revenues and profits in the three months to 31 March, bu
Read moreWeek Ahead: HSBC, IHG, IMPs
6th May 2011 12:50
Banking results season draws to a close with HSBC's first quarter update on Monday. The recent updates from Lloyds and Royal Bank of Scotland have not been short of detail and HSBC's statement may be similarly thorough, with updates on a number of key profit and loss items and balance sheet metrics
Read moreeasyJet emerges from under a cloud
6th May 2011 08:28
No-frills airline easyJet gained altitude Friday after better than expected passenger figures for April. The airline carried 4.72m passengers in April, up 35.1% from the 3.49m passengers in April 2010 when the airline industry was hit by a number of cancellations prompted by the volcanic ash cloud
Read moreWednesday newspaper round-up: Portugal bailout, BT, North Sea oil
4th May 2011 06:07
José Sócrates, Portugal's caretaker prime minister, said on Tuesday night that he has reached agreement on a bail-out from the EU and the International Monetary Fund. No figure was disclosed regarding the value of the loan. However, it is thought to be valued at around €78bn (£70bn), according to th
Read moreLondon close: Shares slump as worries resurface
12th Apr 2011 16:38
The top share index's losses were almost in the triple digits by the close of trade after a steady day of losses amid worries over global economic growth. The IMF lowered its US 2011 GDP growth forecast by -0.2 percentage points, to 2.8%. Nor did Britain emerge unscathed. The IMF revised down its
Read moreLondon afternoon: More losses after weak US start
12th Apr 2011 15:31
The top share index has run into further selling after a poor start on Wall Street. Worries over global growth have re-emerged. The IMF lowered its US 2011 GDP growth forecast by -0.2 percentage points, to 2.8%. Nor did Britain emerge unscathed. The IMF revised down its growth expectations this y
Read moreFTSE 250 movers: Punch disappoints as profits fall
12th Apr 2011 14:07
Punch Taverns disappointed after interim profits fell to £61m, from £66m. Financial services firm Matrix said that while the results were 'in line', there was not enough new information to warrant it changing its 'hold' rating. Pub peer Greene King, however, is among the risers. Budget airline eas
Read moreLondon midday: FTSE 100 slips below 6,000
12th Apr 2011 12:04
The top share index is back below 6,000 points as concerns over global economic growth weigh on sentiment. The IMF lowered its US 2011 GDP growth forecast by -0.2 percentage points, to 2.8%. Nor did Britain emerge unscathed. The IMF revised down its growth expectations this year from 2%to 1.7%. Me
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