London open: Miners give markets a boost
9th Jul 2013 08:29
Strong gains from mining and banking stocks ensured a strong open for the FTSE 100 on Tuesday morning as sentiment was lifted by improving hopes for the US economy and a bailout deal in Greece. London's benchmark index opened over one per cent higher early on advancing past 6,500, a level not seen
Read moreLondon close: Stocks swing into the red as US data smashes forecasts
5th Jul 2013 16:45
The eagerly anticipated US jobs report didn't fail to disappoint on Friday, smashing consensus forecasts and sparking a surge in the dollar; but equity markets in the UK quickly dropped into the red with mining stocks providing a drag as metals prices fell. With an impressive 195,000 non-farm payro
Read moreSector movers: Miners hammered as stronger dollar hits metals prices
5th Jul 2013 15:10
Mining and metals stocks were under heavy selling pressure on Friday afternoon following a much better-than-expected US jobs report, as a stronger dollar dampened the price of metals across the board. Gold futures for August delivery on Comex were down 3.32% at a one-week low of $1,210.30 an ounce,
Read moreFTSE 100 movers: Miners drop as metals prices drop after US jobs beat
5th Jul 2013 14:38
Mining stocks were the worst performers of the day on Friday, tracking metals prices lower as the dollar the strengthened on the back of US labour-market data which smashed expectations. With an impressive 195,000 non-farm payrolls added in June - well ahead of the 165,000 forecast - and previous mo
Read moreLondon midday: Stocks hold on to gains before US jobs report
5th Jul 2013 12:00
The FTSE 100 was holding at a one-month high on Friday morning as investors awaited the US jobs report this afternoon which could spark a volatile reaction on stock markets worldwide. US futures were pointing to a strong start on Wall Street today, though volumes were on the light side as traders r
Read moreLondon midday: Markets pull back ahead of key risk events
2nd Jul 2013 11:32
The FTSE 100 was trading firmly lower on Tuesday morning with profit-taking evident after a strong performance over the past week, as investors gear up for central-bank meetings and key US data later in the week. London's benchmark index jumped 1.5% yesterday as it continued to rebound strongly af
Read moreLondon open: Stocks lower, traders take profits after recent gains
2nd Jul 2013 08:53
The FTSE 100 opened firmly lower on Tuesday morning as investors paused for breath following a decent performance over the last week. London's benchmark index jumped 1.5% yesterday as it continued to rebound strongly after hitting a five-month low of 6,029 last Monday on the back of concerns over a
Read moreFTSE 100 movers: Serco gains on growth forecast
28th Jun 2013 12:59
Public services outsourcing company Serco Group led the FTSE 100 race on Friday after saying it expects to report strong revenue growth in its full-year results. Schroders edged higher as the asset manager was upgraded by analysts at BNP Paribas to an 'outperform' rating in a research report on Fr
Read moreLondon close: Footsie´s bounce extended for a second day
26th Jun 2013 16:29
Stocks closed higher for a second day as China moved to provide liquidity assistance to its battered interbank lending maket and a member of the US Federal Reserve - Narayana Kocherlakota - described markets´ reaction to the central bank´s last policy stamtement as overdone. Back in the UK all eye
Read moreSector movers: Miners tumble as metals prices slide
26th Jun 2013 14:50
Mining stocks were suffering steep losses on Wednesday as metal prices tumbled across the board owing to a stronger dollar and the increased likelihood that the Federal Reserve will soon 'taper' stimulus if economic data continues to improve. Stronger-than-expected US data released on Tuesday - in
Read moreFTSE 100 movers: Financials rise, offset weakness amongst miners
26th Jun 2013 14:18
Gains in the financial sector were offsetting falls in the mining sector on Wednesday as bargain hunters stepped in following recent falls. Aberdeen Asset Management, Schroders, Resolution and Prudential, four stocks that have been hit hard by market volatility over the last month, were among the to
Read moreLondon midday: FTSE 100 up one per cent as sentiment improves
26th Jun 2013 11:21
Strong US data out yesterday, improving consumer confidence in Germany and measures by the Chinese central bank to ease a credit squeeze, all combined to give markets a boost on Wednesday with London's FTSE 100 jumping one per cent by midday. Nevertheless, mining stocks were under pressure in morni
Read moreLondon open: Stocks rise after German data and Chinese central-bank action
26th Jun 2013 08:51
UK stocks opened with moderate gains on Wednesday morning as markets continued to claw back from their recent sell-off, with data from Germany and central-bank action in China providing some support early on. While Germany continues to trudge through the Eurozone recession, consumer confidence is
Read moreLondon close: Markets rebound strongly, Carnival jumps late on
25th Jun 2013 16:44
The FTSE 100 rebounded strongly with a 1.2 per cent jump on Tuesday after coming close to its 2013 low the day before, as concerns over a liquidity crunch in China and reduced stimulus in the US eased, for the time being at least. London's benchmark index finished the session up 73 points at 6,102,
Read moreBroker tips: ARM, Prudential, Fresnillo
25th Jun 2013 11:55
Shares in chip designer ARM Holdings were making gains on Tuesday morning after Investec upgraded the stock from 'hold' to 'buy' and lifted its target price from 955p to 1,000p, saying that the investment case is still strong despite the recent sell-off. "Negative sentiment, but strong fundamentals
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