FTSE 100 movers: Miners rise on stimulus hopes
16th Aug 2012 15:33
The mining sector was broadly higher on Thursday on hopes that potential stimulus measures in China would boost the demand for commodities. Evraz, Kazakhmys, Vedanta and Fresnillo were among the best performers. Banking peers Lloyds and RBS were also making decent gains, despite news that they, al
Read moreLondon midday: Stocks fall despite retail data and stimulus hopes
16th Aug 2012 11:46
- UK retail sales beat estimates in July - Investors eye US data - Chinese stimulus hopes increase After a pretty subdued start, the Footsie had fallen further into the red by Thursday lunchtime in spite of some better-than-expected UK retail sales data. Sales volumes rose by 0.3% during July, up
Read moreSector movers: ENRC leads miners lower after profits drop
15th Aug 2012 15:48
Heavy falls for Eurasian Natural Resources Corp (ENRC) and a host of heavyweight resource stocks saw the mining sector fall to bottom of the pile on Wednesday. Diversified mining giant ENRC was trading over 8% lower in afternoon trade after reporting that it was hit by a fall in commodity prices an
Read moreFTSE 100 movers: ENRC profits slide
15th Aug 2012 13:59
Diversified mining giant Eurasian Natural Resources Corp (ENRC) dropped into the bottom spot after being hit by a fall in commodity prices and challenging economic conditions in the first half, meaning that both revenues and profits were significantly lower than the same period in 2011. The group sl
Read moreLondon midday: Footsie stays lower despite jobless data
15th Aug 2012 11:38
- MPC in wait-and-see mode - UK jobless rates falls more than expected - StanChart, Resolution lead the risers UK equities were stuck in the red by Wednesday lunchtime as minutes from the latest rate-setting meeting at the Bank of England dampened expectations that the Monetary Policy Committee (MP
Read moreLondon open: Tobacco stocks provide a drag early on
15th Aug 2012 08:28
- Greece to ask for more time - Markets await MPC minutes - Tobacco stocks fall on Australian plain packaging issue UK stocks slipped on Wednesday morning on the back of concerns over Greece and ahead of a keenly awaited report on US industrial output; tobacco companies were leading the decline in
Read moreLondon close: Stocks finish higher after late rally
8th Aug 2012 16:45
After an early fall, London's benchmark index rallied in afternoon trade to finish a few points higher, extending gains from the previous three sessions. The last time the FTSE 100 finished higher was on April 2nd when it hit 5,875. "Stocks and other risky assets have traded higher since Friday. C
Read moreFTSE 100 movers: Standard Chartered heads back up
8th Aug 2012 15:36
Following a 16 per cent slump yesterday, emerging markets-focused bank Standard Chartered was leading the risers today. It was revealed yesterday that a US banking regulator accused it of collusion with the government of Iran to hide transactions from authorities. Rio Tinto, the mining and resourc
Read moreLondon midday: Sentiment dampened by BoE and Greece
8th Aug 2012 11:46
- ECB optimism fades - S and P cuts Greek outlook to 'negative' - BoE slashes growth forecast The Footsie remained firmly in the red on Wednesday morning as optimism earlier this week about the situation in Europe began to fade, particularly as Greece's credit rating outlook was lowered by Standard
Read moreFTSE 100 movers: Miners head lower on poor data
1st Aug 2012 15:28
Mining stocks spent the day in the doghouse as China's manufacturing data provided no more encouragement for bulls of the sector than did the UK's. Russian steel giant Evraz turned lower on the data, as did miners Randgold, Vedanta, Fresnillo and ENRC, the last mentioned after a run of the mill pr
Read moreLondon close: Markets cautious before Fed decision
31st Jul 2012 16:54
- Footsie drops 1.02 per cent as risk rally fades - BP, Weir and RBS sold off - Markets await decisions from the Fed and ECB London's FTSE 100 index finished the day firmly in the red as a barrage of earning reports from some European heavyweights disappointed and investors showed caution ahead of
Read moreFTSE 100 movers: Miners lead the way
31st Jul 2012 14:25
Vedanta, Rio Tinto, Xstrata, Randgold, Glencore and Polymetal making good gains, boosted by Polymetal, Vedanta and Xstrata which all impressed with their second-quarter and first-half production reports this morning. A notable exception was Mexico-focused precious metals miner Fresnillo, which drop
Read moreLondon midday: Markets in the red despite mining strength
31st Jul 2012 11:26
- Recent global risk rally shows signs of fading - European blue-chips (BP, Weir, UBS, Deutsche Bank) - Markets await central bank action London's equity markets were broadly lower on Tuesday as sentiment was dampened by heavyweight corporates (BP, Weir, UBS, Deutsche Bank) missing analysts' estima
Read moreLondon open: Footsie flat despite falls for BP, Weir and Fresnillo
31st Jul 2012 08:28
- BP, Weir and Fresnillo provide some downward pressure - UK consumer confidence remains subdued - Markets await the Fed and ECB Some disappointing results from BP, Weir Group and Fresnillo were preventing gains for the Footsie on Tuesday morning; meanwhile, consumer confidence data in the UK showe
Read moreFresnillo suffers as silver fails to shine
31st Jul 2012 07:27
Mexico-focused precious metals miner, Fresnillo, has been hit by the falling price of silver and reduced ore quality, leading to a significant fall in first half profits. Total revenues for the six months to the end of June were $1.09bn, 2.7% up on the same point last year, but that's where the go
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