London open: Tullow, BHP lead resource stocks lower
18th Jan 2012 08:21
Yesterday's optimism - on the back of positive macro data from China, Germany and the US - seems to have been short-lived, with the FTSE 100 falling in to the red in early trading on Wednesday. Eurozone concerns are now again in focus with meetings between the Greek government an private creditors s
Read moreFresnillo beats full year gold target
18th Jan 2012 07:06
FTSE100 miner Fresnillo said record gold production in the final three months of 2011 meant it had beaten its full year target. However, the Mexico-focused miner said silver production remained flat and would continue to do so into 2012. The firm plans to boost its 2012 exploration budget to $264m
Read moreLondon close: Macro data provides a boost, but Essar plunges
17th Jan 2012 16:38
The Footsie finished higher on Tuesday, close to the 5,700 level, but gains were steadily trimmed since the mid-morning. Providing a drag on the blue chip index in afternoon trading was oil and gas giant Essar Energy, which plunged nearly 30% after a negative tax ruling in India. MACRO DATA PROVID
Read moreFTSE 100 Movers: RBS in top spot for a second day running
13th Jan 2012 12:44
Royal Bank of Scotland (RBS) led the way higher on Friday morning, extending gains from yesterday, when the shares bounced after the lender revealed a massive shake-up to its investment banking and wholesale businesses, including a mass job cull of 3,500. Seymour Pierce fuelled gains after upgrading
Read moreLondon open: RBS rises after shake-up, Tesco plummets
12th Jan 2012 08:28
A sharp fall for the retailers was met with a strong showing by the banks this morning, equating to a flat start for the FTSE 100. It has been reasonably busy on the corporate front, with several firms providing trading statements, but RBS and Tesco dominated the headlines early on. MARKETS CELEBRA
Read moreLondon close: Footsie closes up 1.5% on mining surge
10th Jan 2012 16:53
The Footsie closed near its highest levels of the day at 5,697, breaking through the 5,700 mark briefly in late afternoon trade. Upbeat economic data from China along with news that Fitch doesn't intend to downgrade France this year lifted the mood across Europe today with benchmark indices across t
Read moreFTSE 100 Movers: Miners lead index higher
10th Jan 2012 14:46
Miners were leading the rise on Tuesday, with Vedanta Resources, Kazakhmys and Antofagasta gaining ground after some positive economic data from China boosted sentiment. China's trade balance widened from $145.3bn to $165.2bn in December and while import growth on the whole had slowed, imports for c
Read moreLondon midday: Eyes on Merkozy meeting as Footsie falls
9th Jan 2012 11:43
London's blue chip index was trading slightly lower by midday, following a moderate rise early on, with all eyes on the meeting between Angela Merkel and Nicolas Sarkozy. The German Chancellor and French Prime Minister are to hold a press conference in the next hour in which they are expected to d
Read moreMonday broker round-up - UPDATE
9th Jan 2012 09:19
InterContinental Hotels: Deutsche Bank upgrades to buy from hold. Fresnillo: Deutsche Bank upgrades to buy from hold. Antofagasta: Deutsche Bank downgrades to hold from buy. ARM Holdings: Citi reiterates buy. Capita: Panmure Gordon downgrades from hold to sell, target cut from 700p to 560p. Mor
Read moreLondon close: London hitches ride on Wall Street's coat-tails
29th Dec 2011 15:31
London's reaction to the keenly awaited Italian bond auction bordered on indifference, but investors took heart from US business activity data. Propelled by Wall Street's tail-winds, Footsie finished on a high for the day. Italy sold €2.5bn worth of benchmark 10-year bonds at an interest rate of 6
Read moreLondon close: Euro concerns drag Footsie into the red
16th Dec 2011 17:04
London's blue chip index took a late tumble late on to finished slightly in the red on a choppy day's trade. European bourses finished broadly down as worries over the Eurozone continue to dampen the mood. EUROZONE WORRIES CONTINUE France may have entered a recession this quarter which will last
Read moreFTSE 100 Movers: Kazakhmys leads the miners higher
16th Dec 2011 14:14
Kazakhmys leapt into the top spot after investors learnt that it has signed a memorandum of understanding with the China Development Bank Corporation for a $1.5bn loan facility, which is to be used for the development of the major copper project at Aktogay, East Kazakhstan. The facility consists of
Read moreSector movers: Kazakhmys leads miners higher after securing funding
16th Dec 2011 13:50
The miners were the best performers on Friday afternoon, with stocks averaging gains of nearly 2% by 13:50. Leading the charge was copper giant Kazakhmys after a $1.5bn loan facility signed for the Aktogay copper project in East Kazakhstan meant that it has now secured funding for all of its develo
Read moreLondon midday: Footsie up 0.5% as miners rise
16th Dec 2011 11:47
The Footsie extended gains by midday, with miners leading the advance, despite some gloomy comments by leaders in the Eurozone. The blue chip index was trading just 27 points higher by lunchtime, up 0.5% at 5,427, while bourses in Europe edged lower. EUROZONE WORRIES CONTINUE France may have ente
Read moreFTSE 100 Movers: Old Mutual jumps into first place
15th Dec 2011 14:36
Old Mutual, the savings and investment group, leapt into the top spot on news it is to sell its Nordic business Skandia AB for £2.1bn in an effort to "reduce complexity" and pay down debt. The deal, which still needs regulatory and shareholder approval, is expected to complete during the first quar
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