London midday: Markets jump on signs of progress on Capitol Hill
15th Oct 2013 11:33
Progress on Capitol Hill pushed the UK market to its highest level in three weeks on Tuesday morning as investors showed optimism that lawmakers can strike a deal to avert a dreaded default. The FTSE 100 in London was trading up 0.7% at around 6,560 this morning; the last time it has closed higher
Read moreLondon open: Stocks rise on hopes of US debt ceiling deal
15th Oct 2013 08:19
UK stocks jumped in early trading on Tuesday as investors showed optimism that US politicians can avert a default by agreeing to raise the debt ceiling. The FTSE 100 in London was trading up 0.6% at around 6,550 this morning; the last time it has closed higher was on September 26th when it finished
Read moreLondon close: Stocks jump to two-week high on hopes over US debt deal
11th Oct 2013 16:34
Hopes that US lawmakers can lift the debt ceiling and avert a default spurred markets higher on Friday with the FTSE 100 rising to levels not seen in two weeks. Sentiment was also lifted by the successful stock-market debut of postal group Royal Mail which soared by over a third after attracting a
Read moreLondon midday: Markets pause at three-month low as UK data disappoints
9th Oct 2013 11:19
Disappointing UK production figures and the ongoing political deadlock in the US weighed on market sentiment on Wednesday morning, with the FTSE 100 subdued after hitting a three-month low the day before. London's benchmark FTSE 100 index was trading broadly flat by midday, erasing earlier losses,
Read moreLondon open: Stocks under pressure as debt ceiling looms
9th Oct 2013 08:22
Markets dropped sharply once again on Wednesday as investors' appetite for risk continues to be eroded by the ongoing government shutdown in the US. Not even the news that well-known dove Janet Yellen will be nominated as the next chair of the Federal Reserve lifted stocks this morning, with the FT
Read moreLondon pre-open: Stocks to extend yesterday's sharp decline
9th Oct 2013 07:39
City sources predict the FTSE 100 will open around 14 points lower than Tuesday's close of 6,365.83, with the index falling to levels not seen in over three months. Today's decline will track the steep falls seen in US stocks last night, dragged lower by the ongoing government shutdown and nervousn
Read moreFresnillo welcomes end of Minera Penmont permit suspension - UPDATE
9th Oct 2013 07:00
Mining group Fresnillo has announced that the temporary suspension of Minera Penmont's explosives permit at Noche Buena has been lifted and operations have restarted. The group, which has six operating mines, also said that it is confident that the temporary suspension of explosive permits at the H
Read moreLondon close: FTSE 100 at three-month low as IMF cuts global outlook
8th Oct 2013 16:39
Disappointing economic data and the ongoing US government shutdown sparked a sell-off on London's FTSE 100 on Tuesday, with the index falling to levels not seen in over three months. Meanwhile, as the budget impasse continues in Washington, the International Monetary Fund (IMF) today cut its outloo
Read moreLondon close: US budget impasse continues to knock investor sentiment
7th Oct 2013 17:15
Stocks bounced off their lows on Monday but still finished firmly in the red as the US government shutdown extended into its second week with politicians continuing to wrangle over the budget and impending debt ceiling. The FTSE 100 in London finished 16.6 points lower at 6,437.28, rallying in aft
Read moreFTSE 100 movers: M&S hit by Credit Suisse comments
7th Oct 2013 15:17
High Street department store Marks & Spencer was trading in the red after Credit Suisse retained its 'underperform' rating, saying that full-year forecasts "look demanding" after a weak first-half. The bank said the shares - trading at a 20 per cent premium to the long-term average - look "overbough
Read moreLondon midday: US budget impasse weighs heavily on stocks
7th Oct 2013 11:22
Markets started the new week on a dull note with the FTSE 100 dropping sharply on Monday morning in light of the ongoing government shutdown Stateside. US stock futures were also heading in the same direction ahead of the opening bell on Wall Street given that an absence of economic data from acros
Read moreBroker tips: Diageo, Fresnillo, M&S
7th Oct 2013 11:15
Smirnoff and Captain Morgan owner Diageo was trading lower on Monday morning after Citigroup said it expects a 'soft quarter' for the spirits industry across the board. Nevertheless, the bank kept its 'buy' rating saying that growth should improve in the coming quarters and the company is the best
Read moreBroker snap: Fresnillo a 'buy' after recent falls, says UBS
7th Oct 2013 10:51
Precious metals group Fresnillo was among the few risers on the FTSE 100 on Monday morning after UBS raised its rating for the stock from 'neutral' to 'buy', saying the recent weakness in the stock provides a buying opportunity. The bank said: "Since we initiated in August we have highlighted attra
Read moreLondon open: Stocks fall as US shutdown continues
4th Oct 2013 08:36
Markets look to end the week on a quiet note with stocks lacking direction in the absence of the all-important US jobs report; the FTSE 100 fell slightly in the red on Friday morning. Since the partial shutdown of the US government has extended into its fourth day, governmental agencies and departm
Read moreLondon close: Stocks edge higher but gains limited by US shutdown
3rd Oct 2013 16:49
Ongoing political wrangling in the States limited gains for stocks on Thursday though the FTSE 100 still managed to snap a four-day losing streak to finish slightly higher. However, markets were rangebound as investors digested mixed economic data from across the globe with service-sector activity
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