London close: Footsie drops nearly 2 percent on Greek worries
6th Mar 2012 16:57
- Uncertainties surrounding Greek debt-swap participation. - Oil falls as EU restarts talks with Iran. - Polymetal tumbles after UBS downgrade. Global stock markets tanked on Tuesday on the back of speculation that the Greek debt-swap may not receive as many acceptances as hoped for. The miners wer
Read moreLondon midday: Greek default fears fuel sell-off
6th Mar 2012 11:24
- IIF warns of fall-out in case of Greek default. - Polymetal leads miners lower, Fresnillo bucks trend after results. - Centamin plummets after halting operations at Sukari. The FTSE 100 was trading over a whole percentage point lower by midday as Greek default fears rattled the markets just two d
Read moreLondon open: Stocks fall ahead of Greek debt-swap
6th Mar 2012 08:33
- IIF warns of 1trn euro damage to Eurozone. - Fresnillo bucks sector trend to rise after results. - Defensives in demand. With just a couple days to go before the Greek debt-swap deadline, investors were in a cautious mood as the Footsie slipped lower in early trading on Tuesday. Europe is awaiti
Read moreLondon pre-open: Slight drop predicted for FTSE opening
6th Mar 2012 07:39
City sources predict the FTSE 100 will open down five points from yesterday's close of 5,875, as concerns over China's economy linger on and positive US data fails to boost investor sentiment. Worth noting, today's Financial Times Deutschland is running an article entitled "Troika is preparing for
Read moreFresnillo hikes divi after strong 2011 - UPDATE
6th Mar 2012 07:04
Fresnillo, the world's largest primary silver producer and second largest gold producer in Mexico, saw sales rise by more than a half in 2011, helped by a surge in metals prices and an increase in production. Despite the sell-off seen in the wider mining sector on Tuesday morning, shares in Fresnil
Read moreLondon close: Miners lead the decline as China cuts GDP forecast
5th Mar 2012 16:36
- Chinese growth forecasts dampens miners. - UK and Eurozone PMIs disappoint. - Steering Committee to participate in Greek debt swap. London's blue chip index fell to its lowest level of the day on Monday as concerns over the global economy dampened the mood. Miners bore the brunt of the sell-off i
Read moreLondon open: Miners fall as China cuts GDP target
5th Mar 2012 08:32
- China cuts 2012 GDP target to 7.5%. - Miners drag Footsie lower early on; Glencore declines after results. - BP up after Macondo settlement. With China cutting its growth forecast to the lowest level since 2004, miners were the worst performers in early trading on Monday, dragging London's FTSE 1
Read moreLondon close: Stocks finish higher after volatile session
28th Feb 2012 17:08
- Ireland to hold referendum on fiscal compact. - US economic data comes in mixed. - GKN leads fallers after full-year results. The Footsie finished just 0.2 percent higher on Tuesday as losses over lunchtime were pared in the afternoon with stocks seesawing on some mixed economic data in the US. S
Read moreLondon close: Losses pared after US data, Greece still a concern
16th Feb 2012 16:35
- Losses pared after US data. - Miners track metals prices lower. - European leaders weighing up ECB role in Greek aid. London's blue chip index finished in the red on Thursday but well off its intraday lows after US economic data came in stronger than expected in the afternoon. Nonetheless, concer
Read moreFTSE 100 movers: ARM hits the bottom spot, ICAP soars
1st Feb 2012 13:46
Chip designer ARM Holdings proved to be the day's big faller, pulling back after yesterday's well-received results. The Financial Times' Lex column is today singing the virtues of ARM's "strong fundamentals", but adds that the company's valuation, at 47 times expected earnings, is "through the roof.
Read moreLondon close: Footsie finishes up but gains pared after US data
31st Jan 2012 16:32
Early gains were trimmed by the end of trade on Tuesday after consumer confidence data in the US disappointed, sending US benchmarks into the red. The Footsie finished just 11 points higher at 5,682, well below the intraday high of 5,730 seen in the morning session. Meanwhile, Greek debt-swap talks
Read moreLondon open: Miners jump after Fed pledges low rates
26th Jan 2012 08:33
London's blue chip stocks rose in early trading on Thursday, following on from a surge last night on Wall Street after the Federal Reserve pledged to keep the federal funds rate low until late 2014. Meanwhile, Greece is again in focus as talks resume between private creditors and the government. The
Read moreLondon open: Footsie flat, Vodafone rises on Indian tax ruling
20th Jan 2012 08:28
The Footsie opened flat on Friday morning, with a rise in the banking sector being offset by resource stocks. The blue chip index nudged just a few points lower to 5,738 in early trading, following yesterday's 0.7% rise on the back of strong macro data and an improving outlook in the Eurozone. In o
Read moreLondon close: Stocks edge higher on IMF hopes
18th Jan 2012 16:33
- IMF looks to boost lending capacity by $500bn - UK jobless rate rises to 8.4% - Essar bounces back after Indian tax ruling UK stocks finished moderately higher on Wednesday, with reports that the IMF is boosting its lending capacity lifting the mood across European markets. The International Mo
Read moreLondon midday: Essar recovery pushes Footsie into the blue
18th Jan 2012 12:01
The Footsie pushed into positive territory in late morning trade, helped the blue chip index nudge above the 5,700 mark, helped by a strong recovery from Essar Energy and a well-received trading update from Man Group. Nevertheless, investors are keeping a close eye on Athens today as Greek private
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