London afternoon: London jolted by US consumer confidence data
27th Oct 2009 14:35
An unexpected fall in US consumer confidence in October has had a knock-on effect back in Blighty, with the FTSE 100 relinquishing most of the gains amassed during the morning. Household goods group Reckitt Benckiser shrugged off the recession during the third quarter, reporting a big jump in profi
Read moreLondon midday: Oil fuelled advance
27th Oct 2009 12:14
Better than expected results from BP have given the market a lift but banking shares have declined to join the party. Index heavyweight BP kicked off the oil majors results season with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shareholders came
Read moreLondon open: BP heads advance
27th Oct 2009 08:35
BP has helped investors get over last night's three-figure dive on Wall Street, leading London higher in early deals. Index heavyweight BP kicked off the oil majors results season with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shareholders came
Read moreBroker snap: Credit Suisse upgrades miners
23rd Oct 2009 12:57
Mining stocks were doing their bit to drive Footsie forward on Friday morning, helped by an upgrade on the sector by Credit Suisse, which now has a 'benchmark' rating for the miners, having downgraded the sector back in May. 'We upgrade mining because: a) global excess liquidity is at an all-time h
Read moreLondon midday: Footsie off worst but still lower
22nd Oct 2009 12:12
Footsie is off its worst but is still showing hefty falls as miners and insurers lead the market lower. Platinum miner Lonmin has again unsettled the mining sector as it saw a 20% decline in production of the precious metal in the fourth quarter after having to shut down mines for safety reasons an
Read moreLondon open: Miners drag Footsie lower
22nd Oct 2009 08:26
Miners are leading London's blue chips lower in early dealings on Thursday after both Lonmin and Anglo American updated the market. US blue chips also turned down sharply overnight as investors mulled another rush of third quarter earnings figures. Over here, platinum miner Lonmin saw a 20% declin
Read moreLondon midday: More gains for Footsie
19th Oct 2009 12:14
Mining and property stocks have sparked another strong morning for the FTSE 100 index. Miners Fresnillo, Kazakhmys, Vedanta, Anglo American, Xstrata and Antofagasta are leading the way. Property stocks are lifted by a positive note on the sector from Evolution Securities, which has upped its rat
Read moreLondon open: Bright start as buyers keep at it
19th Oct 2009 08:34
London's blue chips are storming forward again helped by another possible bid emerging for National Express and a lack of anyone selling. Only five Footsie stocks are currently in the red with Cable & Wireless the worst performer, but it is down less than 1%. Fresnillo,Vedanta and British Land are
Read moreLondon close: Triple digit gains for FTSE 100
14th Oct 2009 16:36
Footsie ended with gains in excess of 100 points amid a backdrop of cheery economic news and encouraging earnings from the US. Shares started well after US chip-maker Intel smashed forecasts with its third quarter results, were given a boost by a smaller than expected rise in unemployment, then cli
Read moreSector movers: Economic outlook cheers miners
14th Oct 2009 14:49
Mining stocks are at the forefront of the advance today as metals prices advance, helped by news that China imported more copper in September than in the previous month. Among the risers are big firms such as Fresnillo, which said silver production increased 9.3% during its third quarter and said i
Read moreLondon midday: Shares soar on US earnings optimism
14th Oct 2009 12:12
Shares are racing away after US bank JP Morgan followed Intel and smashed through forecasts for the third quarter. Futures are pointing to more than a 120 point gain for the Dow when the US kicks off and UK shares are climbing in anticipation. Intel's results came in well ahead of expectations per
Read moreFresnillo Q3 silver output up 9.3%
14th Oct 2009 07:33
Fresnillo said silver production increased 9.3% during its third quarter and said it was on track to achieve a good outcome for 2009 as a whole. Commenting on trading, chief executive officer Jaime Lomelín said, "The company will benefit from the stronger precious metal prices over the period, and
Read moreLondon close: Footsie highest in over a week
8th Oct 2009 16:33
Stocks ran out of steam mid-afternoon, trading as near to Wednesday's close as they had done all day, but strength on Wall Street inspired a late rally here. The top stocks were still mining companies as metal prices continued their march higher. Gold futures neared $1,060 an ounce as the dollar co
Read moreLondon afternoon: Equities in consolidation phase
8th Oct 2009 14:42
London's leading shares continued to trade sideways over the lunchtime session, consolidating the morning's gains. Mining stocks are responsible for much of the Footsie's buoyancy with Xstrata, ENRC, Kazakhmys, Antofagasta, Anglo American and BHP Billiton all going well. Vedanta is also on the u
Read moreLondon midday: Updates please investors
8th Oct 2009 11:46
Footsie is still in the blue as investors give a warm reaction to company announcements, though the leading share index is off its earlier highs. Vedanta leads the mining sector higher. The Indian giant said zinc, copper and aluminium operations were at full capacity during the second quarter as it
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