London 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
Read moreLondon close: Miners drag Footsie down 2.3%
14th Dec 2011 16:42
The FTSE 100 index finished at its lowest levels of the day on Wednesday, closing over 100 points down from Tuesday's close of 5,490. Just one stock in London, Morrison, finished in the blue, while the heavyweight mining sector dominated the downward direction. Markets remain concerned with the ong
Read moreFresnillo and Essar hit by new FTSE requirements
14th Dec 2011 14:31
Companies wanting to be included in the FTSE UK Index Series will have to have to raise their minimum free float requirement from 15% to 25%, FTSE Group has said. After consulting with "market participants from all sectors of the investment community", the index and analytical solutions provider ha
Read moreFTSE 100 Movers: Miners drag index down
14th Dec 2011 14:19
Miners were among the worst performers. Dollar-denominated metals prices were on the decline as the greenback strengthened following the Federal Open Market Committee (FOMC) statement. Fresnillo, Rio Tinto, ENRC and Antofagasta were all registering steep falls. Last night, the FOMC decided, as expe
Read moreLondon midday: Resource stocks pull Footsie to daily lows
14th Dec 2011 12:00
There were just seven risers on London's FTSE 100 at midday, as miners and oil stocks pulled the blue chip index to its daily low of 5,438, a fall of around 1%. In economic news, UK unemployment rose by 128,00 in the three months to October to a reach a total of 2.64m, according to the Office for
Read moreLondon open: Miners follow gold price lower
14th Dec 2011 08:15
Mining stocks are dragging London lower after the US central bank, the Federal Reserve, decided yesterday not to pump more funds into its quantitative easing programme. Silver and gold miner Fresnillo leads the mining sector lower, while fellow precious metals miner Randgold is also in the dog-hous
Read moreLondon close: Footsie drops 1.8% on Eurozone worries
12th Dec 2011 16:46
London's Footsie finished at its lowest levels of the day after Wall Street bourses opened sharply in the red. The Eurozone crisis appeared to be weighing heavily on investors' minds (as usual) following some downbeat comments from Moody's. The FTSE 100 finished 1.8% down at 5,428, some 101 points o
Read moreFTSE 100 Movers: Miners drag footsie lower
12th Dec 2011 15:07
Kazakhstan-focused miner, Eurasian Natural Resources (ENRC), hit the bottom spot on reports that it is said to be examining allegations of corruption at a Kazakh iron ore subsidiary - although denied on Sunday that it was the subject of a formal investigation by Britain's Serious Fraud Office (SFO),
Read moreLondon close: Banks provide a boost after summit
9th Dec 2011 16:45
The EU summit has of course dominated markets today and investors have taken the news reasonably well, with benchmark indices across Europe finishing between 2-3% higher after Eurozone nations (and some others) reached an agreement on enhancing fiscal discipline and strengthening economic policy coo
Read moreFTSE 100 Movers: Banks and miners head north
9th Dec 2011 14:44
The banks - Lloyds, RBS and Barclays - took the top spots, rising around 3% each, as markets digest last night's developments from the EU summit. Mining peers Fresnillo, ENRC, Kazakhmys, Xstrata and Antofagasta were also making gains. EU leaders have failed in a bid to make changes to the treatie
Read moreLondon midday: Footsie extends gains, banks jump
9th Dec 2011 12:02
A strong performance by the banks and the miners lifted the FTSE 100 into positive territory by lunchtime, despite a fall early on, as markets digest last night's developments from the EU summit. Bourses across the Eurozone were all in the blue ahead of the conclusion of the meeting this afternoon.
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