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: Footsie little changed
11th Nov 2010 16:44
Footsie closed little changed, which wasn't a bad result given a triple-digit loss for the Dow when it opened. Ireland was the story breaking as the trading day closed. Yields on benchmark Irish bonds rose to over 9% on reports that the EU might have step in and bail the country out. José Manuel
Read moreLondon afternoon: Financials drag index lower
11th Nov 2010 14:24
An early three-digit loss on Wall Street has the Footsie near its worst levels of the day, with financials the biggest fallers. Insurers Aviva, L&G and Standard Life are deep in the red, as are and RBS and Barclays on fears about Irish debt. Metal heavyweights are limiting the deficit though. Most
Read moreLondon midday: Mining advance fails to lift Footsie
11th Nov 2010 12:14
Big gains from mining companies have failed to haul Footsie into positive territory. The metals groups have marched higher from the off. Antofagasta, Kazakhmys, Xstrata, Fresnillo and Rio Tinto are in demand, as is oil major BP. Iron specialist Ferrexpo is the best performer. Cash is pouring in, o
Read moreLondon open: Small improvement for Footsie
11th Nov 2010 08:16
Blue chips started pretty much as expected, posting reasonable gains in response to yesterday's steady recovery on Wall Street, with commodity plays leading the pack. The Dow Jones was trading deep in the red when London shut up shop Wednesday, but shed nerves ahead of today's G20 meeting in Seoul
Read moreLondon close: Shares fall back amid global worries
10th Nov 2010 16:34
Footsie was posting substantial losses by trading's close as losses in the mining sector cancelled out any optimism engendered by company updates. As usual, it was global economic concerns that weighed on the mining sector. US stocks are under pressure amid worries over China's efforts to curb infl
Read moreLondon afternoon: BAE takes off
10th Nov 2010 15:10
Mining stocks are dragging London lower as copper and precious metal prices come off the boil. Kazakhmys, Lonmin and ENRC are the worst performers while precious metals miners Randgold and Fresnillo fare little better. BAE Systems is the best performing blue-chip after holding an investor day ye
Read moreLondon close: Footsie boosted by US jobs
5th Nov 2010 16:52
Footsie rallied in the afternoon session on the back of better than expected US monthly jobs numbers to register its highest close since June 2008. Non-farm payrolls climbed by 151,000 in October, in spite of an 8,000 reduction in government payrolls, as private employers embarked on a recruiting s
Read moreLondon afternoon: Blue chips perk up
5th Nov 2010 15:00
Footsie has rallied as the afternoon session has progressed with miners making good gains on the back of better than expected US monthly jobs numbers. Vedanta is now the best performer, with silver miner Fresnillo, ENRC and Antofagasta all making good gains. Part-nationalised bank Royal Bank of S
Read moreLondon midday: Footsie subdued after buoyant start
1st Nov 2010 12:02
Footsie has failed to rediscover its early-morning buoyancy and sits in the blue by a few points. Among the laggards is Serco. The company, which carries out work for the government such as operating prisons and London's Docklands Light Railway, has taken a knock after it was forced to make a grove
Read moreLondon open: Footsie charges higher
1st Nov 2010 08:32
High demand for banks and miners got the week off to a good start, offsetting weakness in the outsourcing sector. Banks are going well as trading updates loom. Lloyds Banking Group is getting ready for tomorrow's statement with a 2% jump, while Royal Bank of Scotland and HSBC are also making up gr
Read moreLondon close: Footsie rallies after shaky start
18th Oct 2010 16:48
After a sluggish start to the day, shares closed with good gains following a lively start on Wall Street. Better than expected profits on the back of a decline in provisions for bad loans at Citigroup sparked buying interest. Mining giants BHP Billiton and Rio Tinto have confirmed that their propo
Read moreSector movers: Miners under pressure
18th Oct 2010 15:40
Miners remain under a cloud as metal prices retreat. Mining giants BHP Billiton and Rio Tinto have confirmed that their proposed $116bn Pilbara iron ore joint venture is dead in the water. The companies had agreed in December of last year to establish a production joint venture covering the entire
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