London close: Footsie finishes in the red
13th Apr 2010 16:16
Footsie finished slightly in the red but recovered from earlier lows as the benchmark index slumped in the afternoon following a poor start on Wall Street. US aluminum producer Alcoa fell after revenue came in short of expectations, which weighed on the mining sector in the UK. Kazakhmys, Fresnill
Read moreLondon afternoon: Losses pared
13th Apr 2010 14:25
Footsie perked up over the lunch time session despite expectations of a weak start on Wall Street. Retail sales data has given a boost to retailers such as Kingfisher, Marks & Spencer, Next and Tesco. UK retail sales in March rose at their fastest rate in almost four years thanks to the earlier t
Read moreLondon midday: Equities drift lower
13th Apr 2010 12:07
Mining stocks remain a drag on the Footsie but retailers see some support following the release of upbeat retail sales data. UK retail sales in March rose at their fastest rate in almost four years thanks to the earlier timing of Easter this year, new figures from the British Retail Consortium show
Read moreLondon close: Footsie ends week higher
9th Apr 2010 16:58
Footsie bounced back from Thursday's decline and ended the week strongly. The index is nearly 0.5% higher over the week as a whole. Resource stocks were a positive influence in the Footsie with silver miner Fresnillo top of the tree. Xstrata ended the week well following reports in the Australian
Read moreLondon afternoon: Stocks still in the same range
9th Apr 2010 14:06
Footsie is performing in the same range and is unlikely to get any direction from the US, which is due to start with modest gains. Resource stocks are underpinning strength in the Footsie with silver miner Fresnillo top of the tree. Xstrata is going well following reports in the Australian press th
Read moreFTSE 100 movers: Miners race ahead
9th Apr 2010 13:58
Miners are leading the way, with silver miner Fresnillo top of the tree. Xstrata is going well following reports in the Australian press that it is contemplating a bid for MacArthur Coal, the Australian miner that is, itself, attempting to take over smaller Australian rival Gloucester Coal. Mining
Read moreLondon midday: Oil and mining stocks boost Footsie
9th Apr 2010 12:14
Resource stocks are underpinning strength in the Footsie today. Miners lead the way, with silver miner Fresnillo top of the tree. Xstrata is going well following reports in the Australian press that it is contemplating a bid for MacArthur Coal, the Australian miner that is, itself, attempting to ta
Read moreFTSE 100 movers: Financials negate mining gains
30th Mar 2010 12:14
Mining companies remain the best performers in the Footsie but they can't totally offset the decline in financials. Strong demand for metals plus news that BHP Billiton has successfully persuaded several of its iron ore customers in Asia to move to shorter term contracts has boosted the whole sect
Read moreLondon midday: Equities mark time
30th Mar 2010 12:01
Footsie finished the morning little changed despite a strong showing from the mining sector. Mining giant BHP Billiton is higher after saying it has successfully persuaded several of its iron ore customers in Asia to move to shorter term contracts. The renegotiated contracts cover the majority of B
Read moreFTSE 100 movers: G4S slides for second day
17th Mar 2010 14:40
After being under the cosh yesterday following disappointing results security services group G4S has taken another battering today as rumours circulate that a massive placing of the company's shares is underway in the City. Around 141m shares have reportedly been placed by RBS at 250p per share. T
Read moreLondon open: Footsie pushes on
17th Mar 2010 08:47
London has pushed on again this morning following strength on Wall Street late yesterday as US interest rates remained on hold. Miners have picked up as the dollar weakened after the decision by the Federal Reserve. Best performers so far include silver miner Fresnillo, Xstrata and ENRC. Aquarius P
Read moreLondon close: Miners pull index lower
11th Mar 2010 17:02
London bounced off 5,600 despite a weak start on Wall Street but still closed in the red on a poor day for miners. Falling commodity prices and China inflation concerns prompted profit taking in Fresnillo, Randgold, Rio Tinto, ENRC, Kazakhmys, BHP Billiton and Xstrata. Speculation rose that Chin
Read moreFTSE 100 movers: Miners spooked by China
11th Mar 2010 15:56
Miners dominate the fallers on the Footsie today as they are hit by fears that the Chinese government may try to hold back growth in the Chinese economy. Kazakhmys and Fresnillo are the biggest fallers. Wound care company Smith & Nephew lost a US patent infringement case brought by Kinetic Concept
Read moreFTSE 100 movers: Footsie ahead despite ex-dividends
10th Mar 2010 16:19
Resources companies and banks are heading the risers on the Footsie, while the forward momentum has been held back by a raft of companies going ex-dividend. Rising copper prices have boosted the shares of Fresnillo, Eurasian Natural Resources and Xstrata. RBS upgraded oil services provider Petro
Read moreLondon open: Footsie rising again
5th Mar 2010 08:47
UK equities have opened firmly helped by another good session on Wall St and more gains for the banks. Schroders, Royal Bank of Scotland, Barclays and Standard Chartered lead the financials higher, while Fresnillo, Lonmin and Xstrata are strong among the miners. Swiss group Glencore International
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