London midday: Miners gain on QE hopes, Randgold jumps
23rd Aug 2012 11:44
- QE hopes drive stocks early on - Gains pared after Eurozone data - Randgold leads miners higher The Footsie was teetering around the 5,800 level by Thursday lunchtime as earlier optimism surrounding a potential policy easing in the US was tempered by some weak manufacturing data from the Eurozone
Read moreLondon open: Stimulus hopes drives gains after Fed minutes
23rd Aug 2012 08:44
- QE hopes increase after FOMC minutes - The ball is in Greece's court, says Juncker - Chinese manufacturing PMI falls to nine-month low Stocks bounced back after a sell-off yesterday as the details of the latest policy-rate setting meeting in the US showed that the Federal Reserve could embark upo
Read moreLondon close: Stocks sink ahead of Fed minutes
22nd Aug 2012 16:40
- Concerns about Japan and Greece pressure stocks - FOMC minutes eyed - CBO warns about 'fiscal cliff' Following steep falls from the off, losses on the Footsie were cemented today after a poor start on Wall Street as global equity markets reacted poorly to economic data from Japan and ongoing issu
Read moreFTSE 100 movers: Miners down on Japanese data
22nd Aug 2012 14:32
Metals and mining stocks dropped today after Japanese trade data disappointed, weighed on the outlook for demand. BHP Billiton fell after saying that weakness in commodity markets and industry-wide cost pressures resulted in earnings declining in the first half. The group also decided against spen
Read moreLondon midday: Footsie drops one per cent as miners fall
22nd Aug 2012 12:01
- Greece to request two more years - Japanese trade deficit concerns miners - BHP sees earnings fall in the first half London's FTSE 100 was trading a whole per cent lower by Wednesday lunchtime as markets focused on concerns about Greece and some gloomy economy data from Japan. "Traders' profit h
Read moreBroker tips: Fresnillo, Lonmin, Spirax-Sarco
22nd Aug 2012 11:59
Gold and silver miner Fresnillo is 'well-placed for recovery', that's according to Galvan Research and Trading, which has labelled the stock as a 'buy'. "Fresnillo's bumper production levels look to have been sufficient to ride out the post September decline in precious metals prices, placing the m
Read moreBroker snap: Galvan labels Fresnillo as a 'buy'
22nd Aug 2012 11:54
Gold and silver miner Fresnillo is 'well-placed for recovery', that's according to Galvan Research and Trading, which has labelled the stock as a 'buy'. The group reported record levels of gold output in the second quarter while silver production increased quarter-on-quarter, it was announced last
Read moreLondon open: Japanese data dents the miners
22nd Aug 2012 08:30
- Japan swings to massive trade deficit - Greece to ask officials for more time - BHP and the miners fall steeply early on Following a strong rise for mining stocks on Tuesday, the sector was providing a drag in London this morning after gloomy economic data from Japan dampened sentiment and scale
Read moreLondon close: Stimulus hopes drive gains
21st Aug 2012 17:13
- Miners lead the way higher on Tuesday - Central banks in China and Europe expected to act - Glencore-Xstrata merger at risk Hopes of central bank action in Europe and China boosted stocks today with the mining sector benefitting the most from increased risk appetite. Michael Hewson, the senior m
Read moreFTSE 100 movers: Xstrata rises despite Glencore CEO's comments
21st Aug 2012 14:45
Shares in Xstrata were higher throughout the day despite Glencore CEO Ivan Glasenberg saying that the proposed merger of the two companies is "not a must-do deal". Speaking to Dow Jones Newswires, he said: "If we don't do it now, we can do it in the future." Glencore was up after beating profit es
Read moreLondon midday: Stocks hold on to gains
21st Aug 2012 11:49
- Glencore-Xstrata merger dominates the headlines - Eurozone announcement could be near, says analyst - Chinese stimulus hopes lift stocks London's FTSE 100 had come off its intraday highs by lunchtime but was still trading firmly in the blue, with solid gains in the mining sector providing a lift.
Read moreLondon open: Miners provide a lift
21st Aug 2012 08:34
- Chinese stimulus hopes drive gains early on - Crisis resolution may take years, says Moody's - 'Glenstrata' merger at risk Strength in the mining sector lifted the FTSE 100 in early trading on Tuesday on the back of hopes for the Chinese economy. The People's Bank of China last night ramped up
Read moreLondon close: Bundesbank spoils the party
20th Aug 2012 16:52
- Bundesbank expresses critical opinion of ECB bond-buying - ECB considering capping bond spreads - Xstrata down on concerns over Glencore merger After a subdued start, the Footsie dropped into the red in afternoon trade as Germany's Bundesbank reiterated its critical stance on the bond-buying prop
Read moreFTSE 100 movers: Xstrata leads decliners on benchmark index
20th Aug 2012 13:31
Mining giant Xstrata was leading the decline on the Footsie on Monday after reports that Qatar Holding had raised its stake in the firm, adding to speculation that the investment fund is attempting to build its stake to block the proposed merger with Glencore International. The Qataris are demanding
Read moreLondon midday: Stocks slip as Germany dampens the mood
20th Aug 2012 11:50
- Bundesbank reiterates criticism of ECB bond-buying - ECB considering caps on bond spreads - Xstrata down on concern over Glencore merger After swinging between gains and losses for most of the morning session, the FTSE 100 was trading in the red by Monday lunchtime after Germany's Bundesbank quas
Read more