London midday: Eurozone GDP data lifts markets as resource stocks rise
13th Feb 2015 11:37
Stronger-than-expected Eurozone growth figures and easing concerns about Ukraine and Greece gave stocks a boost in London on Friday, with resource shares leading the advance. The FTSE 100 was trading 0.6% higher at 6,869 by midday, as metal and oil stocks tracked commodity prices higher. Eurozone g
Read moreLondon open: German GDP gives sentiment a boost as UK stocks rise
13th Feb 2015 09:13
Strong gains in the mining and oil sectors pushed UK stocks higher on Friday, as investors showed optimism after much better-than-expected growth figures from Germany. London's FTSE 100 was up 0.75% at 6,879 early on, as resource shares tracked commodity prices higher. German gross domestic product
Read moreFresnillo hit by FX and write-downs, but revalues Silverstream higher
13th Feb 2015 08:09
Mexican precious metals miner Fresnillo delivered a mixed update on Friday as it explained how movements in foreign exchange, the revaluations of assets and depreciation would affect its 2014 results. A strengthening dollar against the Mexican peso led to a significant increase to the deferred tax c
Read moreSector movers: Miners rise on Ukraine ceasefire deal, Rio Tinto jumps
12th Feb 2015 14:47
Mining stocks gained on Thursday, benefitting from an increase of risk appetite across financial markets as tensions between Ukraine and Russia eased, while Rio Tinto impressed with its annual results. Russian president Vladimir Putin on Thursday morning confirmed that the country had reached a ceas
Read moreLondon close: Greek fears rattle stocks, but miners limit downside
9th Feb 2015 16:35
London's FTSE 100 had trimmed losses by the end of the session but still finished in the red as ongoing concerns about the future of Greece weighed on market sentiment. "Eurozone equities are being ground down by Greek fears, and financial stocks across the EU are bearing the brunt of the sell-off,"
Read moreSector movers: Mining stocks in demand despite worsening outlook for China
9th Feb 2015 14:46
Mining stocks were resilient in the face of some gloomy trade figures from top metals consumer China on Monday, as hopes increased for further stimulus measures by Beijing to avert a sharp slowdown in economic growth. The Chinese trade surplus unexpectedly ballooned to a record $60bn in January from
Read moreFTSE 100 movers: Hargreaves Lansdown falls short of expectations, Sky higher on strong interim figures
4th Feb 2015 13:51
Half-yearly results from fund manager and savings outfit Hargreaves Lansdown showed record assets under administration and growing client numbers, though shares fell sharply after revenues and profits came in shy of City expectations. Analysts at Shore Capital said: "The figures show a slight improv
Read moreLondon midday: Stocks fall, but losses pared after PBoC move
4th Feb 2015 12:08
Stocks declined on Wednesday as London's FTSE 100 retreated from a five-month high, though losses were trimmed slightly after China took measures to stimulate its economy. The People's Bank of China trimmed the banks' reserve requirement ratio by 50 basis points to 19.5%, the first such cut since Ma
Read moreFTSE 100 movers: CRH surges on Holcim and Lafarge deal, Easyjet and IAG hit by rising oil prices
2nd Feb 2015 14:07
Irish building materials group CRH rose nearly 6% after confirming it will spend €6.5bn on assets from Holcim and Lafarge as the two European cement makers dispose of operations to win approval for their merger. CRH said it expected the deal to make it the "global number-three building materials pla
Read moreBroker tips: Mining stocks, CRH, Barclays
2nd Feb 2015 11:38
The recent re-rating in mining stocks and weak commodity prices has prompted Liberum to downgrade its recommendations on sector giants BHP Billiton, Glencore, Anglo American and Rio Tinto. The broker lowered its ratings on all four from 'sell' to 'hold' and slashed target prices, saying that copper
Read moreUBS cuts Fresnillo and Randgold to 'neutral' after strong run
2nd Feb 2015 11:14
UBS has lowered its ratings for precious metal miners Fresnillo and Randgold Resources from 'buy' to 'neutral' after recent strong gains from both stocks. Mexico-focused producer Fresnillo offers the most attractive long-term growth potential of the large global gold miners, with attributable silver
Read moreLondon close: UK stocks sink on Eurozone deflation, US GDP
30th Jan 2015 16:39
Macro concerns weighed on UK stock markets on Friday after Eurozone consumer prices fell more than forecasts and the rate of US economic growth slowed sharply. London's FTSE 100 finished the session down 0.9% at 6,749, ending at its lowest close since 21 January. The Eurozone fell further into defl
Read moreSector movers: Gold miners track bullion higher
30th Jan 2015 15:54
A slight rebound in gold on Friday after its worst one-day slump in over a year gave precious metals miners a boost in London. Blue-chip mining stocks such as Fresnillo and Randgold were among the best performers, up 4.7% and 5%, respectively, while FTSE 250 peers Centamin and Acacia Mining also adv
Read moreFTSE 100 movers: BT damaged by pension deficit worries, miners trading higher
30th Jan 2015 13:58
Telecoms giant BT declined despite beating analysts forecasts with a solid rise in profits in its third quarter, as it announced a new 16-year "recovery plan" to pay down its expanding pension deficit, which now stands at £7bn. The company also revealed that it would upgrade its fibre network with l
Read moreLondon midday: Deflation fears hit stocks as Eurozone consumer prices fall
30th Jan 2015 12:09
UK stocks fell on Friday on the back of concerns about the Eurozone, as data confirmed that the region fell further into deflation this month. Consumer prices in the single-currency region decline at an annual rate of 0.6% in January after a 0.2% fall in December, worse than the 0.5% drop expected.
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