FTSE 100 movers: Miners dominate fallers
17th Aug 2009 12:50
Shares in Fresnillo dropped after 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 before interest, tax, depreciation and amortisation eased 4.1% to $203.4m. Attributa
Read moreSector movers: Miners fall as markets plunge
17th Aug 2009 12:38
Mining stocks are in the firing line as markets plummet around the world and commodity prices slide. Among the heaviest fallers in the large-cap index are Xstrata, Anglo American and Rio Tinto. Copper prices fell back after stockpiles monitored by the London Metal Exchange rose again. Precious me
Read moreLondon midday: Deep in the red
17th Aug 2009 11:59
London's benchmark index is posting deep losses as miners weigh on the market on worries that the recent gains may have been overdone. Concerns grow about the health of the US economy following Friday's dismal consumer sentiment data. Asian markets were down overnight, while US futures also point l
Read moreLondon open: Miners lead decline
17th Aug 2009 08:22
London's top stocks started the week on a weak note with miners leading the fallers in early trading Monday morning. Xstrata is the worst performer, closely followed by Kazakhmys, Vedanta Resources, Antofagasta, Anglo American, Lonmin and Old Mutual. Fresnillo is also down after the silver miner s
Read moreLondon pre-open: Wall Street casts a shadow
17th Aug 2009 07:45
London stocks are set to start the week on a weak note after Friday's retreat on Wall Street in the wake of gloom consumer sentiment figures. Traders predict the FTSE 100 index will open around 30 points down from Friday's close of 4,713. Silver miner Fresnillo saw revenue slide in the first half
Read moreFresnillo reiterates production targets
17th Aug 2009 07:16
Silver miner Fresnillo saw revenue slide in the first half of 2009 as the price of silver declined. Revenue in the six months to 30 June 2009 was down 10.7% from a year earlier to $378.9m, as the realised silver price over the period dropped 21.9% to $13.92. Earnings before interest, tax, deprecia
Read moreLondon close: US confidence sours sentiment
14th Aug 2009 16:28
Weaker than expected US consumer sentiment data upset the apple cart Friday, giving investors an excuse to bank profits ahead of the weekend. Stockmarkets on both sides of the Atlantic have risen 15% in the past month, so no wonder investors were keen to trim their portfolios. Wall Street headed s
Read moreLondon afternoon: US sentiment data disappoints
14th Aug 2009 15:30
London's stockmarket overcame a technical glitch Friday afternoon only for equities to turn lower following a surprise plunge in US consumer confidence. Wall Street tumbled three figures shortly after the University of Michigan said its consumer sentiment index for August fell to 63.2 rather than t
Read moreLondon midday: Equities still on the REIT track
14th Aug 2009 11:59
Properties, miners and housebuilders were the sectors making the running this morning as London's blue-chip index strives to make it three days of rises in a row. Reports this morning suggested a consortium of some of the world's richest families is plotting a bid for British Land. Liberty Internat
Read moreLondon open: Miners help early rise
13th Aug 2009 08:17
London's top stocks have made a positive start to the day after upbeat economic data from the Continent and a strong performance on Wall Street last night. Figures out this morning showed that Germany and France staged an unexpected return to economic growth in the second quarter of the year, rais
Read moreLondon close: Financials spark good gains
6th Aug 2009 16:22
Footsie fell back in the afternoon session after the Bank of England increased its quantitative easing programme, but still finished healthily in the blue. Banks continued to rise with Royal Bank of Scotland, Lloyds Banking and Barclays all up. RBS reports its interim figures tomorrow. It is being
Read moreLondon afternoon: Footsie eases back from day's highs
6th Aug 2009 14:35
Footsie fallen back in the wake of the £50bn increase to £175bn in the Bank of England's quantitative easing programme. Interest rates, as expected, remained on hold at 0.5%. Banks continue to rise with Royal Bank of Scotland, Lloyds Banking and Barclays all up. RBS reports its interim figures tomo
Read moreLondon midday: QE increase boosts Footsie
6th Aug 2009 12:13
Footsie has reacted calmly to a surprise £50bn increase to £175bn in the Bank of England's quantitative easing programme. Interest rates, as expected, remained on hold at 0.5%. Insurer Aviva is the best performer and leads a life sector rally despite a 31% cut in the interim dividend. A plan for a
Read moreLondon open: Stocks surge ahead
6th Aug 2009 08:53
London's top stocks charge off the blocks as financials set a fast pace in early deals. Insurer Aviva is the main riser after it cut interim dividend by 31% and announced plans for a partial IPO of its Dutch business. IFRS operating profit fell to £1.05bn for the six months ended 30 June 2009 from
Read moreLondon pre-open: Footsie to resume rally
6th Aug 2009 07:54
Modest gains are expected from Footsie in early dealings after a slight fall yesterday. Insurer Aviva has cut its interim dividend by 31% and announced plans for a partial IPO of its Dutch business following a 14% drop in half year operating profit. IFRS operating profit fell to £1.05bn for the si
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