FTSE 100 movers: Brazilian optimism for BG
1st Oct 2010 13:40
BG is higher after its Spanish peer Repsol announced a deal with the Chinese refiner Sinopec, which will result in Sinopec holding a 40% stake in Repsol's Brazilian unit. BG and Repsol have been exploring for oil in the waters of Brazil in partnership and the deal is thought likely to be beneficia
Read moreLondon close: Stocks close lower as rally fizzles out
22nd Sep 2010 17:00
Footsie gave up a brief rally to close in the red on an uncertain day's trading in the wake of Federal Reserve chairman Ben Bernanke's nervous comments on US economic prospects yesterday. Shares in the US moved lower despite having rallied earlier. Similar sentiments to those expressed by Bernank
Read moreLondon afternoon: Miners shore up Footsie
22nd Sep 2010 14:45
Leading shares made steady progress over the lunch time session returning the blue-chip index more or less back to where it finished overnight. Mining stocks are primarily responsible for the Footsie's level position, with industrial metal miners such as Antofagasta, Kazakhmys and Rio Tinto now do
Read moreLondon midday: Gold stocks shine in dull market
22nd Sep 2010 12:11
The market has been absorbed in interpreting smoke signals from the US and UK central banks today. In the US, the Federal Reserve left interest rates at just above 0% and said yesterday it expects the recovery to continue, but added "the pace of economic recovery is likely to be modest in the near-t
Read moreLondon close: Footsie makes round trip
14th Sep 2010 16:52
Footsie finished the day as it started it, marginally in positive territory, but for much of the day it languished in the red, as investors turned their attention to gold. The most actively traded contract in the yellow stuff has risen to a record high of $1,269.50 an ounce in New York trading, as
Read moreLondon close: US cheer gives Footsie another lift
1st Sep 2010 16:39
An already buoyant Footsie enjoyed a second wind in late trading as manufacturing data from the US added to hopes that the global economy remains on course for recovery. The Institute for Supply Management's factory index rose to 56.3 from 55.5 in July, against expectations of a decline. That gav
Read moreLondon afternoon: Morning's gains consolidated
1st Sep 2010 14:21
Leading shares moved sideways over the lunch time session, consolidating the morning's gains. In the battle of the "bid speculation" stocks, package tour operator TUI Travel leapfrogged over Cable & Wireless Worldwide (CWW) to claim the prize as best performing blue-chip. TUI Travel is higher on h
Read moreSector movers: Miners on the march
1st Sep 2010 13:47
Mining stocks are going well with Fresnillo, Kazakhmys and Xstrata among the top risers after China's official purchasing managers' index rose to 51.7 in August from a 17-month low of 51.2 in July, causing an improvement in commodity prices and overall sentiment. Among the smaller companies in the
Read moreLondon midday: Bid talk boosts Footsie pair
1st Sep 2010 11:58
It is a quiet day on the corporate news front and, as is often the case on such days, bid gossip is occupying the thoughts of traders. Cable & Wireless Worldwide (CWW), the demerged part of Cable & Wireless that is predominantly comprised of the telecoms giant's UK business, is being touted as a po
Read moreFTSE 100 movers: Chip acquisition boosts ARM
31st Aug 2010 16:50
Chip designer ARM is higher following yesterday's $1.4bn purchase of Infineon's wireless subsidiary by Intel. The Infineon business' chips use ARM architecture so Intel may have to push its rival's technology. Miners had a strong afternoon with Fresnillo and Randgold Resources among the highest r
Read moreWednesday tips round-up: HSBC, Taylor Wimpey, Mouchel...
4th Aug 2010 06:42
HSBC is present in 87 countries around the world but is, sensibly, focusing its firepower on Asia because it believes the Chinese economy will outstrip the US by 2020. The market is expecting substantial increases in the dividend payment over the next few years with the prospective yield for the sh
Read moreFresnillo profit soars 82%
3rd Aug 2010 07:11
Mexico based precious metal miner Fresnillo said high silver and gold prices helped it post an 82% surge in half year net profit and it is on track to reach its gold and silver production targets for the full year. Net attributable profit rose to $220.7m for the six months to 30 June 2010 from $12
Read moreEARNINGS PREVIEW: Fresnillo 1H Ebitda Seen Up 51%
2nd Aug 2010 13:38
Fresnillo (FRES.LN): 1H10 Earnings Due: August 3 at 0600 GMT Company Survey of 6 Analysts Average 1H Revenue: $570.6M, up 51% ($378.9M in 1H 2009) Average 1H Ebitda: $306.5M, up 51% ($203.4M in 1H 2009) Average 1H EPS: $0.292, up 73% ($0.169 in 1H 2009) Note: First half results are expected to r
Read moreLondon open: Strong start for Footsie
2nd Aug 2010 08:53
Banks and miners are in favour this morning, helping Footsie make a bright start. The banks' interim results season kicks off later today with HSBC's first half figures and predictions at the weekend were for strong numbers across the sector. Lloyds, Barclays and Royal Bank of Scotland are all hig
Read moreLondon close: Winning streak ends
14th Jul 2010 17:05
A spirited late rally was not enough to return Footsie into positive territory. The blue-chip index recovered from its nadir of 5,206 to rise almost 50 points in the last 90 minutes of trading. Just a third of the blue-chip index's constituents advanced on the day and chief among them was chip desi
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