London open: Bank news knocks Footsie
8th Jun 2009 08:40
Banking shares have dominated early trading after news from both Barclays and Lloyds, but investors have reacted cautiously in both instances. Barclays has confirmed talks are underway with US firm BlackRock over the future over its fund management arm Barclays Global Investors (BGI), which includ
Read moreFTSE 100 movers: Rio deal uncertainty dominates day
4th Jun 2009 15:03
Rio Tinto dominated trading as its deal with Chinese giant Chinalco looked all but dead in the water as the mining giant confirmed it is considering its options. A rights issue to raise up to $15bn could be announced as soon as tomorrow according to reports in Australia. Rio shares slumped by nearl
Read moreLondon midday: Financials lead rally
4th Jun 2009 12:03
The Bank of England's interest rate decision was every bit the non-event economists had been predicting, with the key lending rate left unchanged at 0.25% while no further changes to the quantitative easing programme have been made. Equities remain slightly firmer, with financials recovering some o
Read moreTechnical Analysis: Gold slips back
4th Jun 2009 10:23
After yesterdays rally in the US dollar, Gold has again slipped back ahead of the key $1,000 resistance level, after making a high of $990. It would appear that the market is still a little reluctant to get overly long of the yellow metal, given the reaction on the last two occasions that the mark
Read moreLondon open: Bright start for Footsie
29th May 2009 08:39
London has started the session in style following last night's three-figure gains on Wall Street. Retailers are pushing ahead led by Debenhams, Marks & Spencer and Kesa. The latest house price index from Nationwide showed a jump of 1.2% in May providing further hope that the housing market slump is
Read moreLondon close: Footsie limps back into positive territory
27th May 2009 17:02
The movements of London's blue-chip index looked as if they were being directed by the grand old Duke of York today, with the index starting the day on the up, then heading lower over the lunchtime session before finishing roughly where it started. Sterling moved above $1.60 for the first time sin
Read moreLondon afternoon: Footsie drifts into the red
27th May 2009 14:58
London's leading shares are mixed in quiet trading. Hopes of receiving a lift from a strong start on Wall Street have been dashed, with the US market trading indecisively as London as traders await the release of US existing home sales data. Water companies receive a boost ahead of the sector's res
Read moreLondon midday: Water companies keep Footsie afloat
27th May 2009 12:10
The Footsie is barely keeping its head above water, despite expectations of a moderately firm start on Wall Street. Water companies receive a boost ahead of the sector's results season which starts this week, with Credit Suisse claiming the sector's rally is set to continue. The Swiss bank has upgr
Read moreLondon open: Modest gains for blue chips
27th May 2009 08:52
Footsie has made modest gains in early dealings after a strong showing on Wall Street last night. Mexico-based silver miner Fresnillo reports a strong start to 2009, with silver production up 9% on last year and stable gold production. Tullow Oil said the Awaka-1 exploration well, located in the
Read moreLondon pre-open: Footsie to keep gains
27th May 2009 07:46
Footsie is expected add slightly to yesterday's gains after a strong showing on Wall Street last night. Mexico-based silver miner Fresnillo reports a strong start to 2009, with silver production up 9% on last year and stable gold production. "In US dollar terms, our costs are declining compared to
Read moreFresnillo silver output up 9%
27th May 2009 07:10
Mexico-based silver miner Fresnillo reports a strong start to 2009, with silver production up 9% on last year and stable gold production. "In US dollar terms, our costs are declining compared to last year due to a higher exchange rate, lower input costs and our ongoing cost control programme. This
Read moreLondon afternoon: Wall St. sparks London rally
20th May 2009 14:49
A buoyant opening on Wall Street has encouraged UK shares to claw back the morning's losses and the FTSE 100 is now virtually back up to its overnight level. Banks are leading the revival, with Lonmin, Rio Tinto, Vedanta, Randgold, Antofagasta and Kazakhmys all going well, while silver and gold pro
Read moreLondon midday: Financials drag Footsie down
20th May 2009 12:01
Leading shares remain mixed with the Footsie in negative territory thanks, in part, to weak performance by financial stocks. The share price of Lloyds Banking Group has been adjusted to take into account the fact that the shares no longer carry the right to participate in the group's compensatory o
Read moreLondon opening: Footsie opens quietly
20th May 2009 08:40
Wall Street's weaker tone is being echoed in London with blue chips struggling to make headway. Credit checking firm Experian hailed its revenue and profit growth last year despite exceptionally difficult market conditions. Revenue rose to $3,873m in the year to 31 March 2009 from $3,789m a year ea
Read moreLondon pre-open: Equities to follow Wall St. lower
20th May 2009 07:43
Wall Street's weaker tone looks set to be echoed in London at the outset, with City sources expecting the FTSE 100 index to open around 18 points down from last night's close of 4,482. Credit checking firm Experian hailed its revenue and profit growth last year despite exceptionally difficult marke
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