FTSE 100 movers: Miners head lower
12th Jan 2010 12:18
Footsie is well down on the day as world economic concerns take the spotlight. The fallers are dominated by mining companies. News that China is trying to dampen down the growth in its economy hit commodities. Disappointing results from aluminium producer Alcoa didn't help, either. Fresnillo, Lo
Read moreLondon midday: Retreat picks up pace
12th Jan 2010 12:11
The market's retreat is picking up pace, as the losses suffered by miners lengthen in the wake of disappointing results from Alcoa, the US aluminium producer. Alcoa, which kicked off the fourth quarter earnings reporting season in the US, declared a slightly worse than expected loss from continuing
Read moreLondon close: Footsie gives up gains
11th Jan 2010 16:41
The leading share index gave up early gains to finish only slightly higher as euphoria over strong trade figures from China in December gave way to renewed fears over recovery prospects. China's December imports jumped by 55.9% from the same month the previous year, while exports were 17.7% higher
Read moreLondon afternoon: Stocks back on the climb
11th Jan 2010 14:16
Leading shares, which had been surrendering early gains at the end of the morning, picked up again over the lunch time session, helped by expectations of a firm start by Wall Street. In the absence of much in the way of corporate events to attract attention, traders have been focused on broker note
Read moreLondon midday: Footsie loses some sparkle
11th Jan 2010 11:38
Footsie has lost some sheen as miners and property groups have given back some of their early gains. Brokers have been busy with a Citigroup review of the oil sector boosting Cairn Energy. The broker says that fast-tracking the multiwell exploration drilling programme in Greenland has made the grou
Read moreLondon open: Another bright start
11th Jan 2010 08:49
London's top stocks have opened strongly with good gains for resource stocks sending the index sharply higher. Cairn Energy leads the oil sector, while demand is strong for Rio Tinto, Kazakhmys and Fresnillo among the miners. Silver miner Fresnillo has also dropped out of the race for Canadian mini
Read moreLondon pre-open: Early gains ahead
11th Jan 2010 07:32
London's top stocks look set to open with good gains with traders expecting Footsie to add 24 points in early dealings. Cash strapped plumbers merchant Wolseley is to raise just under £24m from the sale of its Irish businesses. WIBHM, a company backed by private investor, is paying €26.5m for Wols
Read moreFresnillo concedes defeat in Canplats battle
11th Jan 2010 07:13
Silver miner Fresnillo said over the week-end that its joint venture, Minera Penmont, is throwing in the towel in its bid for Canadian mining company Canplats Resources. Minera Penmont has said it will not be revising its bid after the Canplats board recommended the ‘superior proposal’ from bullion
Read moreLondon close: Footsie flatlines
7th Jan 2010 16:46
A late afternoon rally fizzled out to leave London's blue chip index little changed on the day. Banks emerged from a sticky start as the day's best performers led by Barclays and Lloyds Bank, which both received decent write-ups in an otherwise cautious broker note from Keefe, Bruyette & Woods. It
Read moreBroker tips: Miners, Tate & Lyle
7th Jan 2010 14:32
Cazenove remains ‘overweight’ on the mining sector and expects some aggressive increases to consensus EPS forecasts for 2010. Last year was a ‘tremendous’ one for mining stocks and the broker believes some favourable, ‘albeit slightly tired themes’ remain, like BRIC economic growth, infrastructure
Read moreLondon afternoon: Banks defy broker gloom
7th Jan 2010 14:27
Leading shares are mixed, with the Footsie barely changed now miners have recovered from a weak showing in the morning session to show gains in the afternoon. Kazakhmys and Fresnillo lead the mining sector but their gains are surpassed by two stocks from the banking sector where Barclays and Lloyds
Read moreBroker snap: Caz still backs miners
7th Jan 2010 10:20
Cazenove remains 'overweight' on the mining sector and expects some aggressive increases to consensus EPS forecasts for 2010. Last year was a 'tremendous' one for mining stocks and the broker believes some favourable, 'albeit slightly tired themes' remain, like BRIC economic growth, infrastructure
Read moreLondon close: Footsie ends year 22% higher
31st Dec 2009 12:48
More gains for FTSE 100 on the last day of 2009 capped a year of strong recovery from the ravages of the economic crisis. The leading share index posted a 22% rise - its best yearly performance since 1997 -as shares recovered from the sharp declines that began as the financial crisis intensified t
Read moreLondon close: Dull day for blue chips
30th Dec 2009 16:44
Footsie closed near its low for the day after banks and miners turned down on very low volumes ahead of a short day's trading tomorrow. A flat start on Wall Street didn't help, but it was Royal Bank of Scotland, Barclays and Standard Chartered that led the the banks down while miners Fresnillo, Rio
Read moreLondon midday: Stocks slip lower
30th Dec 2009 11:43
Tops stocks are lower with two of the bigger sectors of the market weighing. Royal Bank of Scotland, Barclays and Standard Chartered are down amongst the banks while miners Fresnillo, Rio Tinto, Lonmin and Anglo American also fall. Petrofac, the oil services firm, is outperforming after news of
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