London 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 moreFTSE 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
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