London 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
Read moreSector movers: Randgold leads miners higher
2nd Nov 2011 15:51
The mining sector was performing well on Wednesday, with constituents making average gains of 3.79%, as it recovers after bearing the brunt of a mass sell-off yesterday. Africa-focused gold miner Randgold Resources was a notable riser, jumping over 7% on the FTSE 100 after profits for the third qu
Read moreFTSE 100 Movers: Miners rising high
2nd Nov 2011 13:39
Africa-focused gold miner Randgold Resources surged higher after profits for the third quarter jumped by 336% on last year to $122.9m, helped by the sale of 31,646 ounces of previously held gold on hand at Tongon. Mining peers Fresnillo and Kazakhmys were also higher. Miners were also buoyed by ri
Read moreLondon midday: Footsie slips into the red
2nd Nov 2011 12:41
The FTSE 100 swung between gains and losses on Wednesday morning as investors kept their eye on developments in the Eurozone. By midday, the blue chip index was slightly in the red, with some disappointing manufacturing data weighing on sentiment. GREECE, EUROZONE MANUFACTURING, US FED The decisio
Read moreLondon close: Nervy FTSE 100 closes higher
26th Oct 2011 16:47
It was another see-saw day for the FTSE 100 amid continued wrangling over the Eurozone crisis, but the top share index closed higher in line with a broadly higher showing on Wall Street. MARKETS AWAIT CRUCIAL MEETING Today's planned meeting of European Union Finance Ministers (ECOFIN) has been re
Read moreFTSE 100 Movers: Next takes a tumble
26th Oct 2011 13:03
Next was one of the worst performing stocks on the FTSE 100 on Wednesday after Deutsche Bank downgraded the high street giant from buy to hold, saying that it expects share price upside to remain muted until after Christmas. The German broker notes that Next has been the second best performing sto
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