London 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
Read moreFTSE 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
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