Fresnillo approves Saucito study
6th Aug 2009 07:32
Fresnillo, the world's largest primary silver producer, said the board has approved the pre-feasibility study for the development of the first stage of Saucito project in Mexico. The Saucito project is located eight kilometres southwest of the Fresnillo mine and aims to be another world class silve
Read moreLondon close: Footsie equals winning streak
27th Jul 2009 16:59
Though it was a close run thing the Footsie ended the day in the blue, equalling its record run of 11 successive days of rises. The blue-chip index was supported by a strong performance from miners and the part-nationalised banks. Lonmin was wanted after Goldman Sachs upgraded the stock to "neutr
Read moreLondon close: US surge extends Footsie's winning streak
23rd Jul 2009 16:32
Footsie's winning streak extended to nine days as US markets surged ahead on better than expected June home sales and forecast-busting results from a number of US household names. Trading had been quiet up until mid-afternoon, but as soon as the US markets started to pick up buyers returned in earn
Read moreLondon afternoon: Footsie regains 4,500
23rd Jul 2009 13:46
The Footsie's eight day winning streak looks set to become nine days as the blue chip index hit 4,500 again amid more gains for US stocks. On the positive side, miners Fresnillo, Kazakhmys, Vedanta Resources, Rio Tinto, BHP Billiton, ENRC, Xstrata and Lonmin are all among the top ten risers on hope
Read moreLondon midday: OfWat report dilutes equity strength
23rd Jul 2009 11:54
The Footsie's eight day winning streak is in danger of coming to an end today as utility companies weigh down the blue-chip index after water regulator Ofwat outlined proposals for lower water bills. The water regulator's draft proposals would see the average annual water bill fall by £14 to £330 b
Read moreLondon open: Water groups fall
23rd Jul 2009 08:17
London's top stocks have opened slightly lower, with utilities among the main fallers after Ofwat called for lower water bills. The water regulator outlined proposals that would see the average water bill fall by £14 to £330 before inflation between 2010 and 2015. United Utilities is leading the fa
Read moreLondon close: Footsie continues winning week
16th Jul 2009 16:36
London made it four positive sessions in a row Thursday as some better banks and strength at Petrofac offset largely weaker miners and a big drop at Autonomy. There was little help from Wall Street though, which was trading flat when the City shut up shop. The FTSE 100 has made up about 260 points
Read moreLondon afternoon: Advance gains momentum
16th Jul 2009 15:08
Footsie looks set to make it four days of rises in a row, with a firmer start on Wall Street giving an additional boost in the afternoon session. Risers outnumber fallers by three to one but among the fallers is data search software firm Autonomy, despite registering its 25th consecutive quarter of
Read moreLondon midday: Market rises but Autonomy disappoints
16th Jul 2009 11:53
London's blue-chip index has limped back into positive territory, despite weakness from the heavily weighted mining sector. Data search software firm Autonomy has registered its 25th consecutive quarter of year-on-year growth. Citigroup thought the results were "solid" and took "most of the bear a
Read moreLondon open: Winning streak ends
16th Jul 2009 08:12
London's top stocks have fallen back in early dealings on Thursday, ending a three day winning streak. Data search software firm Autonomy is leading the fallers despite reporting record revenues and profits for the second quarter. Adjusted profit before tax rose to $89.6m from $50.8m the year befor
Read moreLondon pre-open: Cautiously firmer start expected
16th Jul 2009 07:38
Having risen for three days in a row London looks set to extend its winning streak following the strong showing last night from US markets. City traders expect the FTSE 100 index to open around 7 points higher at 4,353. Data search software firm Autonomy reported record revenues and profits for the
Read moreFresnillo reports record silver production
16th Jul 2009 07:14
Mexico-based silver miner Fresnillo reported a record quarterly attributable silver production of 9.6 million ounces, up 6.7% from last year, and said it remains confident of achieving its full year 2009 production target levels. The second quarter 2009 gold production was steady when compared with
Read moreLondon close: Footsie in triple-digit advance
15th Jul 2009 16:29
Footsie climbed more than 100 points as optimism over the prospects of an economic recovery sent stocks soaring around the world. Insurer RSA to being talked of as a takeover target, with Italy's life assurance group Generali touted as the likely predator. Elsewhere in the sector Prudential and L
Read moreLondon afternoon: Equities continue winning streak
15th Jul 2009 14:52
London is on the rise for the third day in a row, a winning steak not previously seen this month. Resource stocks and insurers lead the way. Insurer RSA to being talked of as a takeover target, with Italy's life assurance group Generali touted as the likely predator. Elsewhere in the sector Prude
Read moreLondon midday: Footsie posts good gains
15th Jul 2009 12:17
London's blue chips are now pushing on strongly ahead of what is expected to be a strong start on Wall Street after the good numbers last night from chipmaker Intel. Over here, it is the turn of insurer RSA to enter the frame as a takeover target, with Italy's life assurance group Generali touted a
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