London midday: Macro data weighs on stocks
22nd Mar 2012 11:43
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks The Footsie was firmly lower by lunchtime as a result of heavy losses in the mining sector on the back of some gloomy economic data from China.
Read moreLondon open: Stocks slump on Chinese manufacturing data
22nd Mar 2012 08:33
- Chinese data dampens sentiment - Randgold plummets on Malian troubles - Broker downgrades weigh on AMEC, REIT stocks The Footsie sank in early trading on Thursday with the miners providing a drag after the release of more disappointing economic data from China. Chinese factory activity register
Read moreLondon close: Chinese fears fuel sell-off
20th Mar 2012 16:26
- Miners drop on Chinese outlook - Glencore to buy Viterra for 3.9bn pounds - Supermarket stocks rise on broker upgrades Concerns about slowing growth in China have dampened sentiment today with miners bearing the brunt of the sell-off as falling house prices and rising fuel costs are feared to be
Read moreSector movers: Miners plummet as investors seek defensives
20th Mar 2012 16:13
Miners were the laggards of the day on Tuesday with worries over the Chinese economic outlook prompting a shift into relatively 'safer' assets, such as telecoms and retailers. Concerns about slowing growth in China seem to have dampened sentiment today, with miners bearing the brunt of the sell-off
Read moreFTSE 100 movers: Miners plunge on concerns over Chinese demand
20th Mar 2012 14:00
The miners were the worst performers of the day on Tuesday on fears over the economic outlook for China. Ian Ashby, President of BHP Billiton's iron ore division, told reporters in Australia that "the (Chinese) economy is shifting, it's changing. Steel growth rates will flatten and they have flatt
Read moreLondon midday: Miners tank on Chinese growth fears
20th Mar 2012 12:02
- Inflation falls but not as much as expected - Miners fall on Chinese demand concerns - National Grid advances after a kind word from Nomura The Footsie slumped to its lowest levels of the day by midday, down a whole percentage point, after UK inflation fell at a lower-than-expected pace and worri
Read moreMiners drop on Chinese growth fears - UPDATE
20th Mar 2012 09:22
The world's biggest mining company, BHP Billiton, has said that Chinese demand for iron ore is "flattening", prompting a sell-off in the resources sector on Tuesday. Ian Ashby, President of BHP's iron ore division, told reporters in Australia that "the (Chinese) economy is shifting, it's changing.
Read moreLondon open: Miners pull the Footsie lower
20th Mar 2012 08:36
- Miners fall as BHP warns of slowing steel production in China - OBR to raise UK GDP forecasts for 2012 - ARM, National Grid, United Utilities rise after upgrades The FTSE 100 slumped in the opening hour on Tuesday as the miners dragged the blue chip index into the red for a second day. According
Read moreFTSE 100 movers: Legal and General divi rise sends shares soaring
14th Mar 2012 14:07
The legion of income investors holding shares of Legal and General were cheered by the insurance leviathan's decision to bump up the 2011 dividend by more than a third, well ahead of market expectations. The final dividend in respect of fiscal 2011 has been increased by a whopping 39% to 4.74p per
Read moreLondon midday: Financials jump despite jobs data
14th Mar 2012 11:43
- UK unemployment on the rise - Banking stocks lifted by US stress test results - Legal and General beats forecasts in 2011 Stocks held on to earlier gains by lunchtime on Wednesday despite some gloomy jobs data. Financials were leading the rise, buoyed by the results of the stress tests in the US
Read moreLondon close: Stocks rise as Greece secures bailout
9th Mar 2012 16:43
- 85.8 per cent of private creditors accept Greek bond-swap - Juncker says that bailout conditions have been met - Aggreko leads the rise after results After a subdued start, the Footsie jumped into the blue in afternoon trade on Friday, after Eurogroup President Jean-Claude Juncker said that the G
Read moreFTSE 100 movers: Aggreko up on strong revenues
9th Mar 2012 12:54
Temporary power and temperature control solutions provider Aggreko was a top riser after it saw strong growth in revenues in 2011 despite going up against tough comparative figures from 2010, a year which saw the FIFA World Cup, the Winter Olympics and the Asian Games. Group revenue rose 14% to £1,
Read moreLondon midday: Lacklustre reaction to Greek debt-swap
9th Mar 2012 11:36
- 85.8 per cent of private creditors accept Greek bond-swap. - Merkel 'pleased' with high participation. - Broker downgrades take their toll on miners, oil stocks. The FTSE 100 index was trading just a few points lower by midday as Greece's crucial debt-swap deal failed to inspire confidence in th
Read moreFriday broker round-up
9th Mar 2012 10:00
ITV: Goldman Sachs raises price target to 137p from 102p, keeps at buy. Admiral: UBS hikes target from 890p to 1,085p, neutral rating unchanged. Bank of America-Merrill Lynch downgrades to underperform from neutral. AGA Rangemaster: Merchant Securities reiterates buy rating and 102p target. Ca
Read moreLondon open: Markets cautious after Greek bond-swap
9th Mar 2012 08:23
- 85.8 per cent of private creditors accept Greek bond-swap. - Miners on the fall, Fresnillo falls after downgrade. - Weir loses out to FLSmidth. It was a tentative start for the FTSE 100 on Friday as news of Greece receiving a high participation rate in its debt-swap deal underwhelmed investors wi
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