FTSE 100 Movers: Wolseley on the rise
6th Dec 2011 13:57
Wolseley, a distributor of plumbing and heating products, hit the top spot after reporting that it has seen like-for-like revenue growth of 5% in the three months to the end of October, compared to the same period of 2010. Total revenues were £3,641m. On a like-for-like basis Wolseley's biggest mar
Read moreLondon open: Flat start after S&P warning
6th Dec 2011 08:23
UK stocks opened flat on Tuesday morning as yesterday's optimism surrounding the key Merkel-Sarkozy meeting and an upcoming EU summit was outweighed by some worrying comments from Standard & Poor's (S&P). S&P WARNS OF MASS EUROZONE DOWNGRADE Reports of a impending credit rating agency action on th
Read moreFresnillo adds $300m interim dividend
6th Dec 2011 07:06
FTSE100 miner Fresnillo said it will pay a second interim dividend of $300m after the firm's cash pile was boosted by metal prices in 2011. The pay out, equivalent to 41.85c per share, will be made on 30 December 2011 to shareholders on the register on 16 December. The firm said it has decided on
Read moreLondon midday: Footsie nudges higher despite poor data
1st Dec 2011 12:02
UK stocks have jumped into positive territory after European bond auctions saw strong demand, but gains are likely to be limited by a string of poor manufacturing data out this morning. Investors will still be digesting the news of a co-ordinated intervention by major central banks to provide cheap
Read moreFTSE 100 movers: Miners recover, Vedanta tops the risers
24th Nov 2011 13:41
With metals prices recovering on Thursday after yesterday's falls - on the back of ongoing worries in the Eurozone and some disappointing Chinese manufacturing data - the miners were in demand. Vedanta Resources, Fresnillo, Kazakhmys and Xstrata were all performing well. The sector was making an av
Read moreLondon midday: Global concerns spark mass sell-off
21st Nov 2011 12:13
After a steep sell-off early on, the FTSE 100 traded sideways in the morning session and remained firmly below the 5,300 level, registering triple-digit losses, as of midday. Stocks markets across Europe suffered falls of between 2% and 3%, while US futures were also pointing to sharp decline, as ne
Read moreLondon open: Footsie sinks to 5,300 early on
21st Nov 2011 08:28
The Footsie sunk towards the 5,300 level in early trading with worrying economic news from Asia weighing on sentiment. Also impacting market sentiment negatively, reports that a U.S. congressional super-committee may have failed to reach an agreement on which budget deficit reduction measures are ne
Read moreLondon close: Footsie finishes down 3.28% on the week
18th Nov 2011 16:23
In quite a volatile trading session, the Footsie finished over 1% lower on Friday. For the week, the top share index closed down 3.28% on last Friday's close of 5,545, after a steady five-day fall on the back of a lack of progress in Eurozone. UK-GERMAN MEETING, DRAGHI EXPRESSES CONCERNS Britain'
Read moreFTSE 100 Movers: Capita falls on disappointing guidance
18th Nov 2011 14:56
This is now the fifth consecutive day of falls for London's blue chip index, which has steadily declined from last Friday's closing price of 5,545 (-3.3%). Capita occupied one of the bottom spots after saying it expects to see organic revenue growth decline 7% in 2011. Following the statement, Inv
Read moreLondon midday: Five-day fall for Footsie
18th Nov 2011 11:57
With Eurozone troubles continuing to provide a drag, the Footsie had tumbled 1% by midday on Friday to 5,366, an intraday level not seen since last Thursday. This is now the fifth consecutive day of falls for London's blue chip index, which has steadily declined from last Friday's closing price of 5
Read moreLondon close: Footsie drops 1.6% as miners take a tumble
17th Nov 2011 16:39
The Footsie may have finished 50 points off its intraday low of 5,370, but the blue chip index still recorded a loss of 1.6% as the Euro-crisis showed no signs of abating. Positive economic data from the US provided a little lift in the afternoon, but the steep decline seen from the outset proved to
Read moreFTSE 100 Movers: Miners drag index lower
17th Nov 2011 14:34
The second half has been a mixed bag for top riser Rexam, with out-performance by its Beverage Cans business more or less cancelled out by continued weakness on the Plastic Packaging business. As a result, the performance of the packaging firm overall has been in line with the board's expectations.
Read moreLondon midday: Stocks weighed down by euro fears
17th Nov 2011 12:03
The Footsie was trading nearly 2% lower by midday, with early high riser Glencore even falling into the red, as concerns over the Eurozone continue to dampen market sentiment. SKY-HIGH YIELDS; CITI WARNS OF DEFAULT RISKS Markets turned sharply lower after the results of Spain's latest debt auction
Read moreLondon midday: ARM & RBS lead the rise
4th Nov 2011 12:28
The Footsie's earlier gains were trimmed after midday after some key US jobs data came in worse-than-expected. The Bureau of Labor Statistics has revealed that 80,000 non-farm payrolls were added in October, well under expectations of a 95,000 gain. "Employment in the private sector rose, with mode
Read moreLondon close: US jobs data fuels rally
2nd Nov 2011 16:40
UK equities finished near their highest levels on the day after better-than-expected jobs data in the US gave a boost to markets this side of the Atlantic. The Footsie finished over 1% higher, despite falling into the red before midday, as investors continue to keep an eye on ongoing developments in
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