London close: Economists see MPC taking QE off the table
25th Oct 2012 16:45
- UK and US data beats expectations - UK QE off the table for November's meeting, say analysts - Miners provide a drag on the Footsie Stocks pared gains to finish flat by the close on Thursday despite a barrage of better-than-expected data the world over - including UK gross domestic product (GDP)
Read moreFTSE 100 movers: Carnival rises on Royal Caribbean's outlook
25th Oct 2012 15:14
Cruise operator Carnival rose three per cent, making it the top riser among FTSE 100 stocks in afternoon trade, buoyed by news that its US rival Royal Caribbean has raised its full-year forecast. Carnival had to cut prices to get people back on board with the idea of cruise holidays after the Costa
Read moreLondon midday: Stocks lifted by UK GDP and Japanese speculation
25th Oct 2012 11:36
- UK GDP beats expectations in Q3 - Japan to boost asset purchases, says newspaper - Unilever and AstraZeneca provide a lift after Q3 updates After a cautious start, the FTSE 100 was registering decent gains by Thursday lunchtime after UK gross domestic product (GDP) figures showed the country exit
Read moreLondon open: Corporate results impress as markets await GDP data
25th Oct 2012 08:40
- Unilever, AstraZeneca and miners rise after updates - WPP falls after Q3 disappointment - Markets higher ahead of UK GDP UK stocks edged higher on Thursday morning after a flurry of corporate updates were well received; however gains will likely will be modest this morning ahead of the UK growth
Read moreFresnillo approves feasibility study as COO departs
25th Oct 2012 08:09
Gold and silver miner Fresnillo has approved the feasibility study for the development of its wholly-owned 500m dollar San Julián silver project. The project is a key part of the company's goal to produce 65m ounces of silver and 500,000 ounces of gold per year by 2018. The firm said it is confiden
Read moreLondon close: Stocks decline after Caterpillar earnings
22nd Oct 2012 16:28
- Caterpillar disappoints with guidance - Kenny-Merkel statement apparently overinterpreted -DPA - BP falls after confirming Rosneft deal After a brief stint in positive territory, UK stocks fell into the red by the close on Monday after some disappointing guidance for US economic bellwether Caterp
Read moreFTSE 100 movers: Miners rise on improved Eurozone outlook
22nd Oct 2012 15:25
Mining and banking stocks were among the best performers on the improving outlook for the Eurozone, with Anglo American, Fresnillo, Antofagasta, Vedanta, and Glencore all rising higher. Barclays and Lloyds were also doing well, boosted by news of a decent outcome for Spanish Prime Minister Mariano
Read moreSector movers: British American and Imperial light up tobacco sector
22nd Oct 2012 15:19
Tobacco stocks were performing well on Monday afternoon with sector giants British American and Imperial lighting up the category. The stocks were up 0.74% and 0.79%, respectively, by 15:44 in London. One possible reason for the lift could be a broker note out from Credit Suisse on US peer Philip
Read moreLondon midday: Stocks push into the blue on Eurozone news
22nd Oct 2012 11:48
-Japanese exports disappoint -Merkel says Irish bank debt is a 'special case' -Miners and banks provide a lift After an earlier fall into the red, London's FTSE 100 was making slight gains by Monday lunchtime as improving news-flow from the Eurozone helped to offset some disappointing economic data
Read moreLondon pre-open: Firmer start expected
16th Oct 2012 07:29
UK stocks are set to rise strongly when markets open on Tuesday with city sources predicting that the FTSE 100 will open up around 33 points from yesterday's close of 5,806. Markets finished with just slight gains on Monday despite some better-than-expected US retail sales data and decent third-qu
Read moreFresnillo on target for 2012
15th Oct 2012 07:07
Fresnillo said it was on track to hit silver and gold production targets for 2012 and had had a record year of gold production so far. The miner announced attributable gold production of 375,637 ounces in the first nine months of the year, a 15.1% increase over the same period of 2011. The firm re
Read moreLondon close: Global slowdown concerns weigh on stocks
10th Oct 2012 17:00
London's FTSE 100 index registered its third consecutive day in negative territory as uncertainty surrounding the outlook for the global economy continued to weigh on investor sentiment. "Financial markets struggled to find direction today, drifting into the red as persistent fears over slowing glo
Read moreFTSE 100 movers: Banks top risers after FSA decision
10th Oct 2012 15:22
Banking peers Lloyds and RBS were leading the risers today after the Financial Times reported that the FSA has eased capital and liquidity rules in an attempt to boost lending. Meanwhile, according to reports this morning, RBS has agreed to sell two buildings in Frankfurt and Berlin to Axa Investm
Read moreLondon open: Stocks dented by global growth concerns
8th Oct 2012 08:21
- World Bank cuts forecasts for China - Evraz leads miners lower - BAE drops on risks to EADS merger UK stocks slid sharply on Monday morning with mining and financial shares weighing on the FTSE 100 early on as concerns over the global economy spurred a move away from 'risk'. The World Bank has c
Read moreLondon midday: Stocks continue to gain ahead of US payrolls
5th Oct 2012 11:52
- Markets await non-farm payrolls from the US - Miners lead risers in London - Tesco continues its decline The FTSE 100 was trading at its best levels of the day by Friday lunchtime ahead of a key jobs report from the US, with miners dominating the risers list in London. "European financial market
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