London midday: FTSE 100 lifted by Sage, mining stocks
23rd Jul 2013 11:38
A well-received trading update from Sage Group and strong gains in the mining sector lifted the FTSE 100 into positive territory on Tuesday morning, with sentiment lifted by reassuring comments about Chinese economic growth. Chinese Premier Li Keqiang is reported to have stood by the government ta
Read moreLondon open: Miners jump on hopes over Chinese growth
23rd Jul 2013 08:17
Fading hopes of a 'hard landing' in China lifted stocks in the heavyweight mining sector on Tuesday, meaning that the FTSE 100 opened with solid gains early on. Chinese Premier Li Keqiang assured that economic growth would not fall below the bottom line this year of 7.0%. He called for the governme
Read moreLondon close: Markets finish lower, earnings in focus this week
22nd Jul 2013 16:38
The FTSE 100 finished slightly lower on Monday as upcoming corporate earnings came into focus on a quiet day for economic data worldwide. Michael Hewson, Senior Market Analyst at CMC Markets, said: "With markets trading at multi-week highs investors appear to be adopting a 'wait and see' approach a
Read moreFTSE 100 movers: Fresnillo, Randgold, BG Group
22nd Jul 2013 13:07
Fresnillo and Randgold Resources raced ahead after JP Morgan praised the ability of the mining companies to shield their cash-flows from the impact of weak gold and silver prices. BG Group's shares rallied after the British government unveiled plans to offer tax breaks for producers of shale gas.
Read moreLondon midday: Stock fall with corporate earnings in focus
22nd Jul 2013 11:56
The FTSE 100 has started the week on a dull note, trading with moderate losses on Monday morning as traders turned nervous a busy week for corporate earnings. Markets are in for a "bumpy ride" this week with nearly a third of S&P 500 companies set to report their quarterly earnings, according to Fi
Read moreLondon midday: FTSE 100 pulls back from seven-week high
19th Jul 2013 11:25
Mining stocks were among the worst performers on Friday morning, providing a drag on the FTSE 100 as risk appetite declined following the index's seven-week high reached the day before. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th whe
Read moreLondon open: Stocks fall after gloomy figures from Microsoft, Google
19th Jul 2013 08:13
The FTSE 100 pulled back from a seven-week high on Friday morning after disappointing results from some Wall Street heavyweights last night. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th when it closed at 6,657. Both the S&P 500 and
Read moreLondon close: Stocks rally after Bernanke comments on QE
17th Jul 2013 16:58
Markets rallied on Wednesday afternoon following comments from Federal Reserve Chairman Ben Bernanke who said that quantitative easing (QE) is 'by no means on a pre-set course' and still depends on how the economic recovery plays out. "For markets, that's good news as the US economic recovery, thou
Read moreFTSE 100 movers: Miners race ahead
17th Jul 2013 12:52
Fresnillo led miners higher on Wednesday after reporting a rise in second quarter production of silver, driven by a ramp-up at Saucito and increased volumes milled at Ciénega. BHP Billiton's shares surged after saying its half-year profit and revenue climbed on the back of an increase in production
Read moreLondon midday: Unanimous MPC vote on QE takes markets by surprise
17th Jul 2013 11:53
Minutes from this month's Monetary Policy Committee (MPC) meeting took markets by surprise on Wednesday morning, with the FTSE 100 slipping into the red after it was revealed that policymakers voted unanimously to leave the Bank of England's (BoE) bond-buying programme unchanged. Investors were lar
Read moreLondon open: Miners, financials gain ahead of BoE minutes
17th Jul 2013 08:30
Markets edged higher on Wednesday morning with strong gains in the mining and financial sectors providing a lift ahead of key announcements from central banks in the UK and US. The minutes of the latest Bank of England policy meeting are due out this morning with investors waiting to hear what Mark
Read moreFresnillo posts increase in quarterly silver production
17th Jul 2013 08:05
Fresnillo reported a rise in second quarter production of silver, driven by a ramp-up at Saucito and increased volumes milled at Ciénega. Attributable silver production was up 6.3% year-on-year to 10.9m ounces for the three months to end of June. On the quarter, it grew 8.6%, as the company gaine
Read moreLondon close: Stocks slip despite mining strength
16th Jul 2013 16:55
Strong gains in the mining sector weren't enough to lift the FTSE 100 on Tuesday as a number of upcoming 'risk events' prompted investors to pause for breath following a decent performance over recent weeks. The FTSE 100 finished down 30 points at 6,556, a fall of 0.45% on the day. London's benchma
Read moreSector movers: Miners rise across the board
16th Jul 2013 15:01
Mining stocks were the best performers on Tuesday afternoon, as metals prices rose on the back of a weaker dollar. Precious metal producers Fresnillo, Randgold and Polymetal were among the highest risers on the FTSE 350 as gold and silver futures advanced. Diversified mining group Rio Tinto was a
Read moreFTSE 100 movers: Miners track metal prices higher
16th Jul 2013 14:33
Mining stocks were the best performers on Tuesday afternoon, as metals prices rose on the back of a weaker dollar. Precious metal producers Fresnillo and Randgold were among the highest risers as gold and silver futures advanced. Diversified mining group Rio Tinto was also making gains after being
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