FTSE 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
Read moreBroker snap: Fresnillo attractive in uncertain environment, says UBS
13th Aug 2013 11:14
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. Since Fresnillo's first-half report on August 6th - in which the company
Read moreLondon open: Resolution leads markets higher ahead of economic data
13th Aug 2013 08:44
Markets gained strongly on Tuesday morning with insurance firm Resolution providing a lift ahead of a flurry of economic data due out later on, as stocks rebounded strongly following a relatively quiet session the day before. On the schedule for today is consumer sentiment figures in Germany, UK in
Read moreLondon close: Markets finish lower despite mining strength
12th Aug 2013 16:44
Markets were choppy on Monday with early gains on the FTSE 100 being erased by the end of trade as traders reacted to mixed newsflow from Asia and Europe. Even a strong performance in the heavyweight mining sector wasn't enough to push the London benchmark into positive territory today, with Financ
Read moreSector movers: Miners jump on Chinese stimulus hopes
12th Aug 2013 15:35
Rumours of stimulus measures from top consumer China sparked some strong gains in the mining sector on Monday as stocks extended gains following last week's upbeat economic data from the Asian powerhouse. Traders were reacting to a report from the South China Morning Post (SCNP) which suggested tha
Read moreFTSE 100 movers: Prudential lifts H1 profits
12th Aug 2013 15:00
Higher income from the US and growth in Asia boosted first half operating profits at insurer Prudential by 22 per cent to 1.415bn pounds. The shares surged to the highest level since at least 1988 as the group raised its interim dividend 16 per cent to 9.73p per share. Silver miner Fresnillo and Ra
Read moreLondon midday: Markets fall on low volumes, Japan data
12th Aug 2013 11:52
In spite of a decent start, the FTSE 100 had swung into the red by Monday lunchtime, with analysts citing low volumes and weaker-than-expected economic data from Japan. Asian markets were mixed overnight with Chinese benchmarks performing well on an improved outlook in China, while Tokyo's Nikkei w
Read moreLondon open: Miners, RBS lead markets higher early on
12th Aug 2013 08:17
Markets edged higher in early trading on Monday as stocks reacted to an improving outlook in China and shrugged off disappointing economic figures from Japan. Sentiment surrounding China brightened last week as better-than-expected trade figures, strong industrial production data and subdued inflat
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