London 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
Read moreFresnillo 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
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