FTSE 100 movers: BP heads higher
17th Jun 2010 14:56
BP and banks are pushing Footsie higher today. Clarity on the issue of BP's dividends and the staggered nature of payments into Escrow has reassured investors. BP has cancelled dividends for the rest of the year and agreed to a demand from US president Obama to put $20bn in an escrow account to c
Read moreLondon afternoon: Stocks drift off highest levels
17th Jun 2010 14:12
Leading shares saw their gains trimmed over the lunch time session, despite expectations of a firm start on Wall Street. BP and the banks continue to lead the market higher. Under fire oil giant BP remains the top performer after yesterday's meeting between BP officials and the US president. BP h
Read moreLondon midday: Spanish bond sale boosts banks
17th Jun 2010 12:05
BP and the banks are leading the market higher, with the latter in demand after concerns over Spain's ability to raise money on the bond markets were eased by the latest Spanish bond auction, which saw a higher level of demand than the March offering. Royal Bank of Scotland, Lloyds Banking and Bar
Read moreLondon open: BP shares jump
17th Jun 2010 08:29
BP is leading London's blue chips higher in early dealings on Thursday following yesterday's meeting with the US president. BP has cancelled dividends for the rest of the year and agreed to a demand from US president Obama to put $20bn in an escrow account to cover claims resulting from the oil spi
Read moreMARKET TALK: Citigroup Boosts Fresnillo Target Price
16th Jun 2010 07:58
0658 GMT [Dow Jones] Citigroup lifts Fresnillo (FRES.LN) target price to 1225p from 860p, derived by a combination of price to net present value and enterprise value to Ebitda valuations. Maintains a buy rating on the stock, saying it's one of its favored precious metal stocks at the moment, especia
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 07:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0658 GMT [Dow Jones] Citigroup lifts Fresnillo (FRES.LN) target price to 1225p from 860p, derived by a combination of price t
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 07:48
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0648 GMT [Dow Jones] JPMorgan Cazenove downgrades BHP Billiton (BLT.LN), Fresnillo (FRES.LN) and Lonmin (LMI.LN) to underweig
Read moreMARKET TALK: JPMorgan Cuts BHP, Fresnillo To Underweight
16th Jun 2010 07:48
0648 GMT [Dow Jones] JPMorgan Cazenove downgrades BHP Billiton (BLT.LN), Fresnillo (FRES.LN) and Lonmin (LMI.LN) to underweight from neutral. For BHP, the rating cut reflects the stock's valuation premium against peers and lack of operational and financial leverage to any one commodity, says JPM. Fo
Read moreLondon close: Mining stocks boost Footsie
14th Jun 2010 16:49
Footsie finished with good gains as mining stocks enjoyed a boost from higher metals prices. Mining companies Kazakhmys, Vedanta and BHP Billiton went well but it was silver and gold miner Fresnillo that led the way on rumours that the company is under the bid microscope. BP's slide continues. Th
Read moreFTSE 100 movers: BP hit again
14th Jun 2010 14:23
BP returned to its position at the bottom of the FTSE 100 on fears it will be hit with a financial penalty in addition to a suspension of the dividend. Proposals from US senators could mean the oil firm places $20bn in an escrow account to pay for the impact of the spill in the Gulf of Mexico. Pre
Read moreLondon afternoon: Fresnillo adds lustre to Footsie
14th Jun 2010 14:12
Expectations of a firm start on Wall Street and a paring of the morning's losses suffered by BP enabled the Footsie to extend its rise over the lunchtime session. Mining companies are enjoying a lift from stronger metals prices. Kazakhmys, Vedanta and BHP Billiton are all going well but it is silve
Read moreLondon open: Miners move higher
14th Jun 2010 08:57
London has opened higher lifted by a late rally on Wall Street on Friday and a good showing by the miners this morning. BP is the worst performer this morning. The oil disaster in the Gulf of Mexico has now cost BP £1.1bn ($1.6bn) and the pressure on the oil giant is likely to intensify over the ne
Read moreLondon close: Miners lift Footsie
9th Jun 2010 16:55
Footsie closed with strong gains after a volatile day for the leading share index. Mining stocks dragged the market higher as metal prices bounced on reports of an exports surge in China. A news agency is reporting that China's exports in May were 50% higher than a year earlier. That news has boo
Read moreLondon afternoon: Miners drive Footsie higher
9th Jun 2010 14:45
Mining stocks are dragging the market higher as metal prices bounce on reports of an exports surge in China. A news agency is reporting that China's exports in May were 50% higher than a year earlier. That news has boosted demand for the likes of Fresnillo, Kazakhmys, Xstrata and Vedanta. While si
Read moreFTSE 100 movers: China growth boosts miners
9th Jun 2010 14:19
Positive economic news in China has pushed up most of the miners in the Footsie. Metals prices are higher on news that China's exports in May were 50% higher than one year earlier. Fresnillo, Kazakhmys, Xstrata and Vedanta are all higher but a fall in the gold price has knocked Randgold Resources.
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