London afternoon: Blue chips power on
11th Sep 2009 14:16
Footsie has had another good day with demand for the miners again providing the momentum. Silver miner Fresnillo, copper group Antofagasta and platinum specialist Lonmin are among the best performers. Hedge fund giant Man Group is also going well helped by the rising markets. British Airways conti
Read moreLondon midday: Footsie stays ahead
11th Sep 2009 12:08
Footsie remains on the front foot, with miners still in the driving seat. Silver miner Fresnillo, copper group Antofagasta and platinum specialist Lonmin are among the best performers today. British Airways continues its recent ascent. The airline's shares are up again today making a near 20% rise
Read moreLondon open: Footsie opens strongly
11th Sep 2009 08:44
London's blue chips opened comfortably higher with buyers encouraged by indices in the US hitting new highs for the year. Miners remain the driving force behind the London market's recent surge. It is second-liners Fresnillo and Antofagasta that are the best performers today on hopes that economic
Read moreLondon close: Footsie clings on to gains
8th Sep 2009 17:01
Leading London shares closed mixed, with strong gains on resource stocks counter-balanced by losses on life assurance stocks. Kazakhmys, Antofagasta, Rio Tinto, Xstrata and Vedanta Resources led the mining sector higher, as metal prices improved. Gold miners Fresnillo and Randgold Resources were
Read moreFTSE 100 movers: Miners on the march
8th Sep 2009 10:56
Mining sector giants including Kazakhmys, Fresnillo, Vedanta and Rio Tinto lift Footsie higher as metals prices advance. In precious metals, Randgold Resources is higher after gold broke through the symbolic $1,000 an ounce level. Outside the mining sector, Intercontinental Hotels is now the best
Read moreLondon open: Footsie starts flat
3rd Sep 2009 08:17
Footsie is flat in early deals with miners pushing the markets in one direction and financials and defensives dragging it the other. Amongst the major risers so far are miners Randgold Resources, Lonmin, Xstrata, Kazakhmys, Rio Tinto, Fresnillo and Vedanta Resources. the big fallers are RSA Insuran
Read moreLondon close: Footsie runs out of steam
26th Aug 2009 16:27
Wall Street's inability to hold onto new home sale-inspired gains was the final nail in the coffin for London, bringing to an end a six-day winning streak. Much of the blame lay with the UK-listed miners who hogged the list of largest losers on weaker metal prices. Antofagasta was among the worst
Read moreLondon afternoon: RBS buoyed by pension moves
26th Aug 2009 14:32
Equity prices are mixed with a lower bias. The Footsie continues to drift lower, weighed down by underperforming resource stocks. Pre-tax profits plunged at Tullow in the first half of the year as the firm felt the pinch of the slide in oil prices. The oil company posted a pre-tax profit of £34.
Read moreLondon midday: Resource stocks a drag
26th Aug 2009 12:09
Given that resource stocks are in the dog-house the Footsie is doing well to be only moderately in the red on a day of mixed results for blue chips. Pre-tax profits plunged at Tullow in the first half of the year as the firm felt the pinch of the slide in oil prices. The oil company posted a pre-t
Read moreLondon open: Miners on the rise
24th Aug 2009 08:21
Miners are leading the way in early dealings on Monday, with silver miner Fresnillo the best performer. Fresnillo is up almost 3%, with Eurasian Natural Resources, Randgold Resources and BHP Billiton also going well. Oil services group Petrofac lifted its dividend for the six months to June 30 as
Read moreLondon afternoon: Lloyds provides some cheer
19th Aug 2009 14:14
The bears are back in command today with the blue-chip index in the red, though the size of the decline has been exacerbated by a number of index constituents trading in ex-dividend form. Former Bank of Ireland governor Richard Burrows is to be the new chairman of Lucky Strike maker British Americ
Read moreLondon midday: Shares stable at lower levels
19th Aug 2009 11:54
Equities are back on the slide again today with little hope of a boost from the other side of the Atlantic where the Dow Jones 30 is expected to open around 80 points lower. ENRC is a bright spot despite reporting a 63% slide in pre-tax profits for the first half of 2009. The dividend has been cut
Read moreWednesday's tips round-up: Mears, Fresnillo, James Fisher
19th Aug 2009 06:29
The experts say buy Mears, but put their target price at 260p, below its current level. With momentum strongly behind the equity markets as confidence slowly returns, The Independent suggests it is the wrong time to buy Mears. If the economy takes a turn for the worst, fill your boots, but if the s
Read moreTuesday tips round-up: Fresnillo, Michael Page, Shaftesbury
18th Aug 2009 06:05
Fresnillo argues that the twin drivers ? fundamental demand from industry and speculative investment by hoarders ? will keep silver's price buoyant over the next year. However, a glance at the price shows that it has decoupled from gold and in recent months has been more influenced by base metals. I
Read moreTechnical Analysis Snap: Fresnillo loses its shine
17th Aug 2009 15:47
Since the end of 2008 one of the star performers in the FTSE100 has been Fresnillo. In figures released on Monday the silver miner saw revenue slide in the first half of 2009 by 10.7% from a year earlier to $378.9m, as the realised silver price over the period dropped 21.9% to $13.92. Earnings b
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