London midday: Stocks stuck lower
15th Dec 2010 12:12
Shares are under the weather today as eurozone debt worries resurface, adding to the gloom after last night's comments from the US Federal Reserve about "disappointingly slow" growth. Two ratings agencies have issued separate warnings on the debt worries plaguing Spain and Belgium. Moody's says it
Read moreFTSE 100 movers: Miners head higher
10th Dec 2010 14:20
Strong Chinese export figures are pushing miners higher. Vedanta and Fresnillo are leading the way as investors expect Chinese demand for metals to rise. Peter Lynas will take over as BAE Systems finance director from George Rose when he retires at the end of March after 13 years in the role. Ly
Read moreLondon close: US tax cut extension boosts shares
7th Dec 2010 16:52
Shares closed with decent gains Tuesday, though off earlier highs that came after an extension of George W Bush's tax cuts in the US lifted sentiment. US president Barack Obama has said that he will agree to a two-year extension on tax-cuts from the Bush era in a compromise arrangement that bodes w
Read moreLondon afternoon: Shares extend gains
7th Dec 2010 14:23
With US stocks set to open high on the back of the tax-cuts deal between president Obama and the Republican party, London's blue-chips added to the morning's gains over the lunch time session. US president Barack Obama has said that he will agree to a two-year extension on tax-cuts from the Bush er
Read moreLondon midday: Footsie keeps climbing
7th Dec 2010 12:18
Footsie has been moving steadily upward as higher commodity prices boost resource stocks after a US tax cut extension improved optimism on global economic growth. US president Barack Obama has said that he will agree to a two-year extension on tax-cuts from the Bush era, while on this side of the A
Read moreLondon open: Blue chips firmer
7th Dec 2010 08:47
London's blue-chips have opened firmer with resources stocks in demand and a solid update from Tesco providing some encouragement for buyers. Miners and oil stocks lead the risers with the price of crude edging up towards the $90 per barrel mark. Essar, Fresnillo and Antofagasta are the best of the
Read moreLondon close: Triple digit gains for FTSE 100
1st Dec 2010 16:56
Footsie was posting triple-digit gains at trading's close as markets across the globe roared in approval at talk that the European Central Bank may take more measures to deal with the debt crisis. Shares here got an extra boost from news that activity in the manufacturing sector hit levels not seen
Read moreLondon afternoon: Footsie jumps 120 points
1st Dec 2010 14:17
After a strong morning session leading shares kicked on some more over the lunch time period, as worries over the eurozone debt situation subside. Talk that the European Central Bank may take more measures to deal with the debt crisis has buoyed European markets, with banks bouncing back more than
Read moreLondon midday: Shares keep climbing
1st Dec 2010 12:04
The leading share index looks to be heading towards triple-digit gains now as worries over the eurozone debt situation subside. Strong economic data and well-received company news here is also helping. Talk that the European Central Bank may take more measures to deal with the debt crisis has buoye
Read moreLondon open: Bright start for blue chips
1st Dec 2010 08:31
London has shrugged off yesterday's dull showing on Wall Street and is posting decent gains in the first hour. Prudential is leading the way after chief executive Tidjane Thiam made Asia the cornerstone of a plan to drive the life insurance group's profits strongly forward over the next two years.
Read moreLondon close: Miners get a hammering
23rd Nov 2010 16:57
Footsie staved off a triple-digit fall by less than half a point as worries over the situation in Korea and the prospect of other European countries joining Ireland in the queue for a bail-out nagged away at investors all day. Asia-focused bank Standard Chartered was hit by worries over the exch
Read moreLondon afternoon: TUI bid rumour revived
23rd Nov 2010 14:11
With the Dow Jones index expected to register a triple-digit fall when Wall Street opens, sentiment in London has dipped further. Fears of debt contagion in the euro-zone are pushing the banks down, with Barclays, Standard Chartered and Lloyds Banking the hardest hit. Royal Bank of Scotland defies
Read moreLondon close: Battering for miners and banks
16th Nov 2010 17:08
It was downhill almost all the way for Footsie in the afternoon session after the US opened sharply lower, with miners getting a real bashing on the prospect of a slow-down in the Chinese economy. No less an authority than star fund manager Anthony Bolton raised the prospect today, in the first set
Read moreSector movers: Vectura lifts pharma stocks after study
16th Nov 2010 14:17
Respiratory inhaler developer Vectura is among the stocks lifting the pharmaceutical sector after positive data from a Phase II clinical study of a treatment for Parkinson's disease. Vectura said the results of its study show that the Parkinson's treatment VR040 improves the control of movement in
Read moreLondon afternoon: Gloomy miners
16th Nov 2010 14:10
Footsie retreated further over the lunch time session with mining stocks largely responsible for the decline, as metal prices pull back on fears that China will act to cool down its economy in the interests of reining in inflation. Antofagasta, Kazakhymys, Fresnillo, Xstrata and Rio Tinto are t
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