London 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
Read moreLong-serving Fresnillo boss to step down
26th Jul 2012 11:00
Jaimes Lomelin, the 77-year-old Chief Executive Officer of silver and gold miner Fresnillo, is to retire next month to be succeeded by Fresnillo veteran Octavio Alvidréz, who is currently General Manager of Madeiro mine, one of the largest zinc mines in Mexico. Alvidréz was the unanimous choice of
Read moreFTSE 100 movers: G4S back amongst the risers
18th Jul 2012 14:46
Security solutions group G4S was performing well as it attempts to claw back some of the losses it has incurred over the last week - including today's gain, the stock is still down nearly 15% on last Wednesday. The group said on Monday that it will take a 35-50m pound loss on its Olympics contract.
Read moreLondon midday: Stocks flat with central banks in focus
18th Jul 2012 11:48
- BoE could consider rate cut in future - UK unemployment falls - Bernanke comments will be closely watched The morning's gains were pared by Wednesday lunchtime as investors digested the minutes of the latest UK policy-makers' meeting and prepared for another testimony from Federal Reserve Chairm
Read moreLondon open: Stocks edge higher ahead of BoE minutes
18th Jul 2012 08:37
- MPC minutes due out shortly - Markets still digesting Bernanke comments - Fresnillo, Ashmore, Schroders lead the risers on the Footsie The FTSE 100 edged higher on Wednesday morning ahead of the Bank of England minutes due out shortly. Meanwhile, a well-received earnings report from Swiss banking
Read moreFresnillo on pace to hit full year output targets
18th Jul 2012 08:06
Silver and gold miner Fresnillo notched up record levels of gold production in the second quarter while silver output was up quarter-on-quarter. Quarterly and half year attributable gold production reached record levels. Gold production in the second quarter of 2012 was 127,003 ounces, up 15% compa
Read moreLondon open: China concerns dampen Footsie; G4S tanks
16th Jul 2012 08:35
- China's Wen dampens sentiment - Miners drop on Chinese worries, Nomura comments - G4S tumbles on Olympics contract loss estimates London's benchmark index opened slightly lower on Monday morning as comments from China's Premier weighed heavily on stocks in the mining sector. G4S also took a tumbl
Read moreLondon open: Stocks flat after Eurogroup meeting
10th Jul 2012 08:47
- Eurogroup gives Spain extra time - Chinese trade surplus at three-year high - M&S maintains guidance despite LFL sales falling The Footsie opened broadly flat on Tuesday morning with investors digesting the the developments from yesterday's Eurogroup meeting. Eurozone finance ministers decided t
Read moreFTSE 100 movers: Aberdeen off on Credit Suisse placement
3rd Jul 2012 13:57
Making headlines this morning was the news that Bob Diamond has called its quits at Barclays, bowing in to political pressure following last week's news that the bank was involved in Libor manipulation. Marcus Agius, who said yesterday that he would resign as Chairman, is to become a full-time Chair
Read moreLondon midday: Barclays, miners provide a lift in London
3rd Jul 2012 11:44
- Investors welcome departure of Barclays CEO - Stimulus hopes drive gains for equity markets - Miners track metals prices higher Trade was choppy on Tuesday morning, but the Footsie edged higher on the back of strength in the mining sector. However, the index stayed within a narrow range with just
Read moreLondon open: Stocks rise on stimulus hopes; Barclays in focus
3rd Jul 2012 08:31
- US, UK, China and ECB stimulus hopes drive gains - Barclays hits headlines after CEO departs - Miners rise as metals prices advance Hopes that central banks will inject more stimulus into the global economy were boosting UK stocks on Tuesday morning. Yesterday's disappointing manufacturing data
Read moreLondon close: Footsie falls but banking stocks robust
22nd Jun 2012 16:57
- BoE, ECB ease pressure on lenders - Moody's downgrades 15 global banks - Resources stocks weigh on London market Resource stocks were weighing heavily on the FTSE 100 on Friday afternoon, sending the index one per cent lower, despite actions by central banks in the UK and the Eurozone to ease the
Read moreFTSE 100 movers: Lloyds leads banks higher despite Moody's downgrades
22nd Jun 2012 15:27
Banking peers Lloyds, RBS, HSBC and Barclays were all making gains on Friday afternoon despite having their credit ratings downgraded by Moody's. Lloyds, which was downgraded in a separate report to the others, was a high riser after saying Moody's has recognised "the substantial momentum we have
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