London open: Buoyant miners lift Footsie
8th Oct 2009 08:17
Buoyant mining shares are giving London's blue chips a lift in early dealings the day after gold hit a new record high. Nine out of the ten top FTSE 100 performers are miners. Lonmin is leading the way, closely followed by Xstrata, Rio Tinto, Fresnillo, Kazakhmys, Antofagasta, Vedanta Resources, An
Read moreLondon close: Sainsbury leads retreat
7th Oct 2009 17:03
After yesterday's 2.26% gain on the Footsie the blue-chip index took a small step backwards today, with half an eye on the US market where the third quarter results season is about to get underway. Supermarket chain Sainsbury was the worst performing blue-chip as sales growth figures disappointed.
Read moreLondon afternoon: Weak Wall St. undermines Footsie
7th Oct 2009 14:48
A soft opening by Wall Street prompted London's blue chips to take a step back, though plenty of firm features are still to be found. Supermarket Sainsbury's is off a few points after a 4.6% rise in like-for-like sales excluding fuel in the quarter to 3 October came in lower than expected. Exclud
Read moreLondon midday: Footsie trades sideways
7th Oct 2009 12:06
Footsie has traded sideways all morning with traders cautious after yesterday's surge in share and commodity prices. Predictions of a quiet start on Wall Street have added to the low key mood. Supermarket Sainsbury's is off a few points after a 4.6% rise in like-for-like sales excluding fuel in the
Read moreLondon open: Flat start for Footsie
7th Oct 2009 08:40
London's blue chips are pausing for reflection after yesterday's big gains both here and on Wall Street. Supermarket Sainsbury's is lower despite a 4.6% rise in like for like sales excluding fuel in the quarter to 3 October. Excluding the impact of the VAT cut, like-for-like sales in the quarter, t
Read moreBritish Airways soars in best ever quarter for Footsie
30th Sep 2009 17:18
Any doubts that this is a bull-market have been quashed by the FTSE 100 putting in its best ever quarterly performance since the index's inception in 1984. After closing at 5133.90 on Wednesday, 30 September 2009, the FTSE 100 was sitting 20.82% higher than at the end of June. In points terms, the
Read moreLondon close: Shares end up but down from highs
22nd Sep 2009 16:39
London's leading shares finished with slight gains but were well below earlier highs as miners eased back slightly. Eurasian Natural Resources, Lonmin, Xstrata and Vedanta Resources still posted healthy gains, while precious metals miners Fresnillo and Randgold Resources were also on the climb. R
Read moreFTSE 100 movers: Carnival climbs on upgrade
22nd Sep 2009 14:31
Bank of America Merrill Lynch has added Carnival to its 'Europe 1' list of preferred stocks ahead of the cruise ship operator's third quarter results due out Tuesday afternoon. The cruise company has been hard hit by various issues such as the credit crunch and swine flu in the last couple of year
Read moreLondon afternoon: Shares off the top
22nd Sep 2009 14:07
Shares drifted lower over the lunchtime session but are still up on the day, helped in no small part by the strength of miners, which are rising in line with firmer metals prices. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of
Read moreLondon midday: Rio's assets sale continues
22nd Sep 2009 12:10
Miners continue to lead the market higher as investors return to the market after yesterday's pause for breath. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of the Alcan Engineered Products division, to Swiss firm Schweiter Tec
Read moreLondon open: Bright start for Footsie
22nd Sep 2009 08:46
London's blue chips have made good progress this morning, buoyed by Wall St clawing back some of Monday's early losses in late trading in the US. It is resource stocks that lead the way again. Tullow Oil has recovered from the profit taking of the past two days, while Lonmin and Fresnillo are leadi
Read moreLondon midday: Miners in a hole
21st Sep 2009 12:24
Investors took an opportunity to bank profits in what has been a quiet session for news, with miners wearing the worst of the losses. Weaker metal prices have Fresnillo, Xstrata, Kazakhmys, Vedanta and Rio Tinto deep in the red. Even Antofagasta is lower now despite a positive note from Goldman Sac
Read moreLondon close: Blue chips post useful gains
17th Sep 2009 16:42
A better than expected start on Wall Street helped London post more gains by the close. Balfour Beatty was the best performer with the shares roaring ahead on plans to acquire Parsons Brinckerhoff, a US consultancy business. A rights issue to raise about £350m will fund the deal. Ian Tyler, Balfou
Read moreLondon afternoon: Holding onto gains
17th Sep 2009 14:16
London is still in the blue but off its best with futures pointing towards a flat start on Wall Street. British Airways has been the blue-chip stock to own in the third quarter of 2009 with its share price virtually doubling since the beginning of July. The shares get another lift today from Goldma
Read moreLondon midday: Traders get on board British Airways
17th Sep 2009 12:08
Risers outnumber fallers among FTSE 100 constituents by around three to one as London's strong run continues, despite flat retail sales in August. British Airways has been the blue-chip stock to own in the third quarter of 2009 with its share price virtually doubling since the beginning of July. T
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