FTSE 100 movers: Invensys disappoints
20th Jan 2011 13:30
Engineer Invensys is leading the market lower even though it says it is "on track" during the third quarter. However, orders fell at the rail division and there was a "softening" in demand for controls which knocked its profit contribution. Operating profit before exceptional items was the same as
Read moreLondon close: Shares close lower despite M&A buzz
17th Jan 2011 16:39
London's leading share index is back below the 6,000 point mark after a sluggish day which saw downbeat miners offsetting mergers and acquisitions excitement. Miners such as Kazakhmys and Fresnillo were out of favour amid lower metals prices after China increased reserve requirements for banks in a
Read moreLondon afternoon: Footsie dips
17th Jan 2011 14:40
Leading shares lost ground over the lunchtime session, taking the Footsie back below the 6,000 level, with financials and miners featuring prominently among the losers. Miners such as Kazakhmys and Fresnillo are out of favour amid lower metals prices after China increased reserve requirements for b
Read moreLondon close: Late recovery not enough
14th Jan 2011 16:39
Shares came off their lows ahead of the close, helped by an improvement on Wall Street, but still finished in the red, with miners among the fallers. The sector was hurt by speculation that commodity hungry China may raise interest rates to cool inflation. The economic powerhouse has lifted reserve
Read moreLondon afternoon: Deficit narrows
14th Jan 2011 15:15
A recovery on Wall Street has helped London narrow losses, although the leading index is in danger of ending the week below 6,000. Miners are still lower amid speculation that commodity hungry China may raise interest rates to cool inflation. The economic powerhouse has lifted reserve requirements
Read moreLondon midday: Mining retreat drags FTSE 100 lower
14th Jan 2011 12:11
FTSE 100 is now firmly in the red as miners retreat amid speculation that commodity hungry China may raise interest rates to cool inflation. The east Asian economic powerhouse has lifted reserve requirements on banks, underlining its determination to deal with inflation. Meanwhile, an increase in
Read moreLondon open: Intel results give ARM a leg-up
14th Jan 2011 08:37
Leading shares are mixed at the outset leaving the blue-chip index barely changed. Sparkling results after the bell in New York yesterday from chip-maker Intel has whetted appetite for chip designer ARM Holdings. The stock smashes its way to another 52-week high and is up 40% over the last month.
Read moreLondon pre-open: Dull start in store
14th Jan 2011 07:32
UK equities are set to open slightly lower, though there has been some cheer provided by housebuilder Bovis Homes, which is se to resume dividend payments after a strong performance in 2010. Bovis Homes predicts profits for 2010 will beat consensus estimates. A "significant" improvement in profits
Read moreFresnillo production soars in 2010
14th Jan 2011 07:12
Mexico-based silver and gold miner Fresnillo produced record amounts of both metals last year with output expected to increase again over the coming twelve months. The last three months of 2010 saw silver production rise 3.6% to 10.5m oz, making a total for the year of 42.1m oz, up 2% year on year
Read moreLondon afternoon: Miners a drag
10th Jan 2011 14:20
Footsie moved sideways over the lunch time trading session. Mining stocks continue to weigh the blue-chip index down, but oil stocks provide some cheer. A decline in copper imports into commodity-hungry China sent prices for the red metal lower. Kazakhmys, which transports copper from its Kazakhsta
Read moreLondon afternoon: Triple digit rise for Footsie
4th Jan 2011 14:31
Bid speculation is adding froth to a London stock market already playing catch-up with European and US markets that posted strong gains yesterday. Oil giant BPis boosted by reports that rival Shell looked into making a bid for the company in the wake of last year's Gulf of Mexico oil spill, which s
Read moreFTSE 100 movers: Banks push higher
4th Jan 2011 13:40
Banks are helping to push the index higher on the back of positive economic data published yesterday. RBS, Barclays and Lloyds are all ahead. Bid rumours have boosted BP with talk that Shell has considered an offer for the giant oil company. Silver miner Fresnillo continues to rise on the bac
Read moreLondon midday: FTSE 100 roars past 6,000 points
4th Jan 2011 12:01
The top share index's storming start to 2011 continues, with the FTSE 100 now well clear of 6,000 points and sitting at levels not seen since the first half of 2008. Among today's high fliers is BP, with the oil giant boosted by reports that rival Shell looked into making a bid for the company in t
Read moreLondon open: Blue chips open 2001 in buoyant mood
4th Jan 2011 08:46
Big gains in the US overnight and a strong display in Asia this morning have encouraged a rush of buying in London. Banks are strong led by Royal Bank of Scotland on good economic data coming out of Europe and the US yesterday, while Bank or America's settlement with Fannie Mae and Freddie Mac has
Read moreLondon close: Weak finish to strong year
31st Dec 2010 12:44
The FTSE 100 finished the year well below the 6,000 point barrier, having briefly surpassed that psychologically important barrier just ahead of Christmas, but still closed with strong gains for the full year. The top share index has climbed by 25% from its lows earlier in the year, to hit levels n
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