Sector 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
Read moreLondon midday: Miners gain on euro risk aversion
26th Oct 2011 12:00
The Footsie traded sideways in morning trade, as investors cautiously await today's key EU summit. Markets will be vigilant to any developments in the Eurozone during today's session, but many are expecting European leaders not to provide the "comprehensive solution" that they had initially promised
Read moreLondon close: Higher finish after choppy day
12th Oct 2011 16:36
London's leading share index closed in the blue as worries over the Slovak parliament's rejection of the European Financial Stability Fund (EFSF) gave way to optimism that it will be passed. SLOVAK SEE-SAW Late Tuesday night, just 55 of the 150 MPs in Slovakia's parliament voted in favour of expan
Read moreFTSE 100 Movers: Fresnillo dips as production falls
12th Oct 2011 12:59
Fresnillo was heading lower as an attempt to reinforce mine safety meant that the miner saw silver production fall by 5.8% in the three months to the end of September. As such, the firm lowered its 2011 silver production guidance from 44m ounces to 41m ounces. Fellow miner BHP Billiton was also lo
Read moreLondon midday: Stocks rally as Slovak shock fades
12th Oct 2011 12:05
London's leading share index has staged an impressive rally with worries following the Slovakian parliament's rejection of the euro bailout fund giving way to hopes that the small central European state will soon ratify the deal. SLOVAK HEADACHE, GERMAN REASSURANCE Late Tuesday night, just 55 of t
Read moreLondon open: EFSF worries weigh on Footsie
12th Oct 2011 08:28
Just eight of the 100 stocks on the Footsie were making gains on Wednesday morning, following the news that the Slovakia failed to agree on the extension of the Eurozone rescue fund. SLOVAKIAN HEADACHE Late Tuesday night, just 55 of the 150 MPs in Slovakia's parliament voted in favour of expanding
Read moreFresnillo cuts silver production target
12th Oct 2011 07:37
An attempt to reinforce mine safety meant that miner Fresnillo saw silver production fall by 5.8% in the three months to the end of September. As such, the firm lowered its 2011 silver production guidance from 44m ounces to 41m ounces. Quarterly attributable silver production fell from 10.687m Oz
Read moreLondon pre-open: Slovakian hangover
12th Oct 2011 07:26
Slovakia's government became the first to topple over opposition to bailing out indebted Eurozone economies after the country's parliament voted down approval for enhancing the bloc's rescue fund last night. Although the outcome was expected, it has still unnerved markets a little, with the result
Read moreLondon close: Stocks close lower despite rally
11th Oct 2011 16:35
Stocks rallied towards the close as uncertainty over the euro situation continues to stoke volatility, but the top share index still finished in the red. A much awaited vote in Slovakia has yet to take place. Opposition parties in the small central European state could move to block Slovakian appro
Read moreLondon midday: Stocks fall as euro nerves resurface
11th Oct 2011 12:23
Stocks are firmly in the red now as investors nervously await a vote in Slovakia on ratification of the Eurozone rescue fund. Opposition parties in the small central European state could move to block Slovakian approval of the bailout fund, arguing that they shouldn't have to cough up to help Gree
Read moreFTSE 100 Movers: IMI rises alongside miners
6th Oct 2011 14:18
Shares in global engineering group IMI climbed higher after it said that current trading has continued in line with comments made in the August interim results announcement. The firm is due to make a presentation to investment analysts on Thursday to showcase its use of a number of core fluids tec
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