London 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
Read moreLondon midday: Footsie up 2% as BoE injects more money
6th Oct 2011 12:07
The Footsie has held onto gains following the Bank of England's surprise move to increase its asset purchase programme by a bigger-than-expected £75bn. In an announcement at midday, the central bank revealed that it has maintained its key Bank Rate at the historically low level of 0.5%, but raised
Read moreLondon close: Greek worries continue as Footsie drops 1%
3rd Oct 2011 16:48
Losses in London were trimmed by the end of trade on Monday after a relatively better start on Wall Street, as US benchmarks fell by just a few points. Nevertheless, concerns over the Greek deficit continued to weigh on sentiment in Europe, with major markets across the continent suffering falls of
Read moreLondon close: Weak finish to volatile week
30th Sep 2011 16:54
Stocks were on the back foot heading into the weekend amid continuing worries over global growth. Data showing consumer confidence has risen for the first time in four months failed to lighten the mood. The index of sentiment remained firmly negative in September at -30, up a point from the previo
Read moreFTSE 100 Movers: Fresnillo bucks mining trend
30th Sep 2011 13:16
Miners are among the fallers after the Chinese Purchasing Managers' Index (CPMI) was unchanged from the previous month at 49.9 in September. A reading below 50 signifies a contraction, so the August reading is bad news for miners, as China is a resource hungry country. However, silver miner Fresnil
Read moreLondon close: Stocks soar as euro talks proceed
27th Sep 2011 16:33
The top share index surged in early dealings and continued heading higher towards the close amid optimism that European leaders will get to grips with the euro crisis. Talks are still ongoing about an expansion of the European Financial Stability Fund, with conflicting signals over whether an agree
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