London afternoon: Equities push on
18th Oct 2010 14:54
Leading shares added to the morning's gains over the lunch time session though 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 D
Read moreLondon close: Weak end to dull day
14th Oct 2010 16:35
Leading shares closed lower on a poor day for the banks and a tumble for African Barrick. Fears that Standard Chartered's rights issue yesterday could be the start of a flood of cash calls unsettled Lloyds, Royal Bank of Scotland and Barclays. Metal prices are back on the rise as the dollar heads
Read moreLondon afternoon: Footsie bottoms out
14th Oct 2010 14:17
Leading shares trod water over the lunchtime session, leaving Footsie still stranded in the red. Banks remain in the doldrums. Fears that Standard Chartered's rights issue yesterday could be the start of a flood of cash calls has unsettled Lloyds, Royal Bank of Scotland and Barclays. Metal prices
Read moreLondon midday: Downward drift quickens
14th Oct 2010 11:56
US markets may be expected to open firmer but London is determined to go its own way today, heading lower, despite a buoyant mining sector. Metal prices are back on the rise as the dollar heads in the opposite direction. That is not enough to prevent gold miner African Barrick Gold taking a tumble,
Read moreThursday tips round-up: Fresnillo, Antofagasta, Bodycote
14th Oct 2010 06:29
Fresnillo, the Mexican company that is the world's biggest producer of silver, expects to top earlier forecasts of gold and silver production this year after a strong third quarter in which production of both metals was running at record levels. A note from Liberum yesterday points out that Fresnil
Read moreLondon close: Strong gains for FTSE 100
13th Oct 2010 16:36
Footsie moved up gear following a strong start on Wall Street, and was nearly posting triple-digit gains at trading's close. US stocks are going well following strong results from processor group Intel and banking giant JP Morgan and strong indications from the Federal Reserve that further stimulus
Read moreLondon afternoon: Still up over 1%
13th Oct 2010 14:45
The leading index broke above 5,750 briefly ahead of the opening bell on Wall Street, its highest since the end of April, led by a powerful mining sector. US stocks have started well - the Dow Jones is up almost 70 points - following strong results from Intel and JP Morgan and strong indications fr
Read moreSector movers: Metal rise boosts miners, Fresnillo shines
13th Oct 2010 12:25
The mining sector is going well today, mainly due to higher metals prices, but some company updates have also impressed. Mexico based precious metals miner Fresnillo is shining after it said silver production reached a record level in the third quarter. Elsewhere in Latin American precious metals,
Read moreLondon midday: Footsie boards the Fed express
13th Oct 2010 12:05
Hints from the US Federal Reserve that it will resume its bond buying programme sooner rather than later galvanised the UK market in the morning session with mining stocks going particularly well. Xstrata, Anglo American, Rio Tinto and Antofagasta are the pick of a mining sector buoyed by the pros
Read moreLondon open: Wall St rally boosts Footsie
13th Oct 2010 08:48
Last night's recovery on Wall St following the Federal Reserve's hint at further stimulus measures has boosted London early on despite a big bank cash call. Standard Chartered, the emerging markets focused bank, is preparing for stricter capital requirements for banks with a £3.26bn cash call. The
Read moreLondon pre-open: US stimulus hopes to drive gains
13th Oct 2010 07:38
Last night's recovery in the states following the Federal Reserve's hint at further stimulus measures for the American economy should feed through to London early on. The Dow Jones managed a small gain after trading lower for much of the session. The FTSE 100 is expected to add about 30 points at t
Read moreFresnillo's silver production hits record level
13th Oct 2010 07:13
Mexico based precious metals miner Fresnillo said silver production reached a record level in the third quarter. Silver production hit 10.69m ounces, while gold production was also on the up, with 91,822 ounces of the yellow stuff unearthed in the third quarter, a 44.4% increase on the correspondin
Read moreWednesday preview: Burberry, Fresnillo
12th Oct 2010 17:56
Burberry has been setting pulses racing lately, not just at London Fashion Week, but among traders as rumours of a bid for the luxury clothing group do the rounds. A private equity group could be circling. But the focus in tomorrow's trading update is likely to be on the raw figures. JP Morgan Caze
Read moreLondon close: Footsie rallies but falls short
8th Oct 2010 16:37
Footsie made a late charge for positive territory ahead of the close, in line with buoyancy in the US, but fell just short. The positive performance in the US was in spite of non-farm payrolls declining 95,000 in September when they had been expected to remain virtually unchanged. The 'glass half f
Read moreLondon afternoon: Shares rally on QE hopes
8th Oct 2010 14:37
US jobless data proved to be much worse than expected, with non-farm payrolls declining 95,000 in September when they had been expected to remain virtually unchanged, but the 'glass half full' optimists have taken the view that this makes a resumption of economic stimulus by the Federal Reserve more
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