London open: FTSE 100 slips as investors await Fed minutes
21st Aug 2013 08:29
The FTSE 100 fell into the red on Wednesday morning, hitting a fresh six-week low as investors nervously awaited the minutes of the latest Federal Reserve meeting. The index dropped 0.5% to around the 6,420 mark early on. The last time the London benchmark closed lower was on July 5th when it finis
Read moreLondon open: Stocks at six-week low as earnings disappoint
20th Aug 2013 08:21
Heavy falls from Wood Group, CRH and a host of miners were weighing on the FTSE 100 in early trading on Tuesday, pushing the index to levels not seen in over six weeks. London's benchmark index sunk by around 0.8% this morning, heading towards the 6,400 mark; the last time it closed lower was on Ju
Read moreLondon close: Tapering concerns continue to hit stocks
19th Aug 2013 16:27
Concerns about the future of US stimulus continued to weigh on stocks on Monday with London's mining sector bearing the brunt of a reduction in risk appetite amongst investors. Market sentiment has been fragile in recent weeks due to heightened speculation that the Federal Reserve will taper its qu
Read moreLondon midday: Miners lead markets lower, Fed in focus
19th Aug 2013 12:09
The FTSE 100 was trading slightly lower on Monday morning with heavyweight mining stocks providing a drag as investors scaled back their appetite for risk. Markets were rangebound today with less than 30 points separating the FTSE 100's intraday low (6,477) and high (6,506). This follows the index'
Read moreLondon open: Markets lower, but Kentz rockets after AMEC approach
19th Aug 2013 08:27
The FTSE 100 opened slightly lower on Monday morning as traders continue to speculate about the future of the Federal Reserve's quantitative easing programme. The weak start follows the London benchmark's second weekly decline in a row last week and the worst weekly performance on New York's Dow Jo
Read moreLondon close: Markets edge higher after subdued session
16th Aug 2013 16:30
Friday was a relatively quiet session for equity markets in London with investor confidence shattered after a sell-off the day before and volumes down due to seasonal trends. The FTSE 100 and benchmark indices on Wall Street suffered steep falls on Thursday as better-than-expected jobless claims ig
Read moreSector movers: Mining, housing stocks making gains
16th Aug 2013 14:56
Gold and silver prices cemented recent gains on Friday due to safe-haven demand, pushing shares prices in the mining sector higher in afternoon trade. Precious metals peers Randgold Resources and Fresnillo were standout performers as gold edged closer to a two-month high while silver stayed close
Read moreFTSE 100 movers: Randgold, Fresnillo lead miners higher
16th Aug 2013 14:28
Gold and silver prices cemented recent gains on Friday due to safe-haven demand, pushing shares prices in the mining sector higher in afternoon trade. Precious metals peers Randgold Resources and Fresnillo were standout performers as gold edged closer to a two-month high while silver stayed flat at
Read moreLondon midday: Markets searching for direction after sell-off
16th Aug 2013 12:01
The FTSE 100 was broadly flat on Friday morning, swinging between gains and losses as equity markets searched for direction following a steep sell-off the day before in the UK and US. The London benchmark lost 1.6% on Thursday after better-than-expected jobless claims data in the States ignited con
Read moreLondon open: Markets rangebound after steep sell-off
16th Aug 2013 08:42
The FTSE 100 opened broadly flat on Friday morning with markets rangebound as sentiment still remained fragile following the steep sell-off the day before. The London benchmark lost 1.6% on Thursday after better-than-expected jobless claims data in the States ignited concerns that the Federal Reser
Read moreLondon midday: Stocks flat despite decent data from UK, Eurozone
14th Aug 2013 11:18
The FTSE 100 was continuing to trade more or less flat on Wednesday morning despite economic data from the UK and Eurozone coming in ahead of expectations. "The equity market continues to trade within its recent range this morning as volumes bounce along the bottom and traders struggle for motivati
Read moreLondon close: Footsie gains on upbeat data, Fresnillo jumps
13th Aug 2013 16:57
Upbeat data from home and abroad gave the FTSE 100 a lift on Tuesday, with precious metals group Fresnillo leading the heavyweight mining sector higher in London. Markets briefly dipped into negative territory in afternoon trade after US retail sales came in slightly below expectations, though a la
Read moreFTSE 100 movers: Fresnillo, Wood Group, G4S
13th Aug 2013 13:00
Fresnillo's shares surged after UBS rated its stocks a 'buy', saying it was well placed to handle the volatility of gold and silver prices by keeping costs down and generating free cash flow. Wood Group rallied after Investec raised its target price to 900p from 800p, noting the company's strong p
Read moreLondon midday: Stocks cement gains after German ZEW data
13th Aug 2013 11:21
Decent gains in the mining sector and well-received results from FTSE 100 insurer Resolution were providing markets with a boost on Tuesday morning with the upbeat mood helped by decent data from Germany. The German ZEW survey showed that the economic sentiment index jumped from 36.3 to 42 in Augus
Read moreBroker tips: Fresnillo, Old Mutual, Smith & Nephew
13th Aug 2013 11:16
The share price of precious metals miner Fresnillo continued to rebound strongly on Tuesday following recent falls, with UBS providing a boost after initiating coverage of the stock with a 'buy' rating and 1,250p target price. UBS said: "Fresnillo is one of the world's lowest-cost primary silver pr
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