London close: Stocks finish off lows but FTSE still drops 1.4%
12th May 2015 16:33
UK stocks suffered steep declines on Tuesday as volatility in sovereign debt markets and ongoing fears about Greece sent shares 1.4% lower, with Easyjet leading the fallers on a cautious outlook. The FTSE 100 finished the session down 96.05 points, or 1.37%, at 6,933.80, though the index did finish
Read moreFTSE 100 movers: Easyjet nose dives on strikes and currency headwinds, financials lower
12th May 2015 13:10
Budget airline Easyjet led fallers despite meeting guidance and swinging to a small profit in the first half, warning it is likely to face tougher conditions in the latter part of the year. The company saw its shares sink after saying that exchange-rate movements and air traffic control strikes in F
Read moreSector movers: Oil and mining stocks fall as dollar strength hits commodities
7th May 2015 17:17
Stocks in the UK oil and mining sectors on Thursday as political uncertainty prompted an aversion to risk on London's stock market. A stronger dollar was also to blame for falls in the resources categories as crude, gold and silver prices weakened. Data released during the session showed that conti
Read moreFTSE 100 movers: Morrisons sinks 6% as sales decline continues
7th May 2015 15:06
Morrisons was the standout mover of the day on Thursday as investors reacted to deteriorating sales trends at the grocer in its first quarter. Like-for-like sales dropped 2.9% in its first three months of the fiscal year, compared with a lesser 2.6% fall in the fourth quarter. Results were not as ba
Read moreSector movers: Oil, mining stocks up but UK political uncertainty weighs on FTSE 100
5th May 2015 13:34
Natural resources oriented stocks, including oil, mining and minerals companies, largely traded in positive territory on Tuesday but election jitters weighed on much of the FTSE 100 following the May bank holiday weekend. At 16:03 BST, the blue chip index was down 25.27 points or 0.36% at 6960.68 fe
Read moreFTSE 100 movers: Shire surges on earnings growth, RBS hit by weak revenues
30th Apr 2015 13:04
Shire surged after reporting that earnings rose 20% in the first quarter as sales at the Dublin-headquartered drug company overcame a sharp drop in its Intuniv attention deficit disorder drug and dollar headwinds. Royal Dutch Shell was trading higher after revealing a better-than-expected 56% drop i
Read moreSector movers: Miners in demand as weak China data lifts stimulus hopes
23rd Apr 2015 15:53
It was a case of bad data being good news for the mining sector on Thursday as stocks surged on hopes for further stimulus in China. A HSBC survey said the Chinese manufacturing purchasing managers' index fell from 49.6 to a one-year low of 49.2, surprising analysts who had expected no change. Econ
Read moreSector movers: Rio Tinto leads miners lower on weak Q1, broker downgrade
21st Apr 2015 14:52
Mining stocks were among the worst performers on Tuesday afternoon as investors booked profits after a strong showing the previous session. Metal producers' shares had surged on Monday following news that China has lowered its reserve requirement ratio by the most since 2008 in an effort to spur ban
Read moreTuesday broker round-up
21st Apr 2015 13:18
Tullow Oil: Deutsche Bank reiterates hold and keeps target price at 370p. Tesco: Citi reiterates neutral and 235 target price. BHP Billiton: Barclays reiterates overweight and lifts target to 3,500p from 3,300p. Rio Tinto: Barclays downgrades to equalweight and lower target to 2,850p from 3,350p.
Read moreFTSE 100 movers: Pearson plunges on refund demands, Unilever higher on strong Q1
16th Apr 2015 13:38
Publishing group Pearson plummeted on reports that the Los Angeles Unified School District is seeking a refund from the firm and its technology partner, Apple, over a botched $1.3bn effort to supply students with iPads, BAE Systems dipped following a downgrade from 'buy' to 'neutral' from analysts a
Read moreLondon close: Retailers, miners and oil stocks help FTSE set new record
15th Apr 2015 16:38
Strong gains in the retail sector and a solid performance from mining and oil stocks helped the FTSE 100 set a new record high on Wednesday, amid hopes for further stimulus in China and no surprises from a policy meeting in Europe. London's benchmark Footsie rose 21.51 points (+0.3%) to a new all-ti
Read moreFTSE 100 movers: Sainsbury's breaks key technical level
15th Apr 2015 13:07
Sainbury's was top of the leaderboard due to a technical move higher, according to City traders, in what was described as a "very squeezy" market where all top risers in Europe all have big short bases. The grocer's shares started the day's move higher after breaking a key technical level in early t
Read moreLondon midday: Stocks at new all-time high on Chinese stimulus hopes
15th Apr 2015 11:38
UK stocks were at a new record on Wednesday with investors looking on the bright side of weak economic from China, with hopes for further stimulus from Beijing pushing miners higher. Chinese economic growth slowed to a six-year low, while growth in fixed-asset investment, industrial production and r
Read moreLondon open: Stocks set new record as Chinese slowdown fuels stimulus hopes
15th Apr 2015 08:44
UK stocks reached a new all-time high on Wednesday morning as a raft of weak economic figures from China gave shares in the heavyweight mining sector a boost on hopes of further stimulus from Beijing. Chinese economic growth slowed to a six-year low, while growth in fixed-asset investment, industria
Read moreFresnillo on track as silver and gold output jumps in first quarter
15th Apr 2015 08:01
Mexican precious metals producer Fresnillo made an impressive start to 2015 with both silver and gold output up significantly over last year, putting the company on track to hit its annual targets. The group said it expects to achieve its 2015 production guidance of 45-47m ounces of silver and 670,0
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