FTSE 100 Movers: No risers, miners leading the fall
22nd Sep 2011 13:25
There were no risers on the FTSE 100 today, after the US unveiled a £250bn rescue plan to revive its flagging economy. Copper miner Antofagasta was the biggest faller, pushed lower by the news that Pakistan's Baluchistan province has voiced objections to a mining lease for a significant copper and
Read moreBroker snap: Buy Fresnillo, says Galvan
21st Sep 2011 13:12
Galvan Research has labelled gold and silver miner Fresnillo as a buy with a target price of 2,100p. "While Fresnillo shares have tracked down in line with the stock market in recent weeks, this week has seen a decent rebound off the back of the strong outlook by the miner given last month and stro
Read moreLondon close: Triple-digit losses as Euro worries continue
19th Sep 2011 16:50
Shares failed to recover from an early slide as ongoing worries over the Eurozone situation continued to cast a shadow. The FTSE 100 closed down 108 points. Greek Prime Minister George Papandreou has cancelled a planned trip to the US to guide Greece through what could be a critical seven day peri
Read moreLondon midday: Eurozone worries cast a shadow
19th Sep 2011 12:03
London's blue chip index is stuck below 5,300 points as the Eurozone saga rumbles on. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to live up to expectations. "There is a firm 'risk-off' tone to the start of the
Read moreLondon open: Banks unwanted as euro worries continue
19th Sep 2011 08:43
London's blue chip index sank below the 5,300 level in the opening minutes on Monday, as the debt crisis in Europe took centre stage again, dampening sentiment. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to li
Read moreFTSE 100 Movers: Banks on the up after ECB announcement
16th Sep 2011 12:07
The banks maintained their top position throughout the morning as the blue chip index extended gains on the back of the announcement by the European Central Bank (ECB) yesterday to provide more dollar liquidity to Eurozone banks. Barclays, RBS and Lloyds were all buoyed after the news that the ECB
Read moreLondon close: Footsie jumps on euro hopes
15th Sep 2011 16:27
After an already strong start to trading on Thursday on the back of a Franco-German statement on Greece, markets across Europe surged following a European Central Bank (ECB) announcement in mid-afternoon, helping the Footsie in London finish over 2% higher. Early on, investors celebrated last night
Read moreLondon close: Miners, banks unwanted as Footsie falls 1.6%
12th Sep 2011 16:28
Despite finishing over 1% down, the FTSE 100 managed to pull back slightly despite a broad sell-off across Europe and a mixed start on Wall Street. Concerns over Europe's sovereign debt crisis were escalated today on speculation that Greece is headed for a default. Meanwhile, Greece's prime ministe
Read moreFTSE 100 Movers: Kingfisher bucks the trend
12th Sep 2011 13:00
Kingfisher, the company behind the DIY chain B&Q, has unveiled plans to open nine news stores in Russia in a move to cash in on the recent trend among the country's middle class for DIY home improvement. The company was joined higher by just one other company, satellite operator Inmarsat. Fresn
Read moreLondon close: Late rally pulls FTSE 100 into blue
8th Sep 2011 16:32
It was a volatile day for the Footsie on Thursday, as a steady decline after the Bank of England (BoE) rate decision was met with a late afternoon comeback. The Footsie managed to pull above water by 16:30 to finish with a gain of 0.41%. The BoE announced at midday that it had kept interest rates u
Read moreLondon close: Oil stocks pull Footsie above 5,300
7th Sep 2011 16:26
Oil stocks were the star performers on a decent day for the Footsie, which clawed its way back above the 5,300 mark, helped by a better start on Wall Street. The oil companies were leading the rise on Wednesday, with Tullow Oil, Essar Energy and BP being helped by a rising oil price. Drilling in
Read moreFTSE 100 Movers: Oil stocks lead the rise
7th Sep 2011 12:51
The oil companies were leading the rise on Wednesday afternoon, with Tullow Oil, Essar Energy and BP among the better performers on the blue chip index, helped by a rising oil price. BP rose after drilling results confirmed a significant resource extension of The Mad Dog Field complex in the Gulf o
Read moreFTSE 100 Movers: Whitbread pulls the index north
6th Sep 2011 14:09
Coffee shop, restaurant and hotel owner Whitbread boosted its share price after accelerating revenue growth during the first half, posting a 12.9% improvement in sales in the second quarter, up from a 9.2% increase in the first three months of the year. On a like-for-like basis, sales rose 4.8% in
Read moreLondon close: Footsie tumbles over 2%
2nd Sep 2011 16:30
The Footsie finished over 2% down on Friday, as London was not immune from the global sell-off, meaning that just eight out of the 100 blue chips stocks closed in the blue. After a poor start in early trade, sentiment was dampened after a worse-than-expected jobs report in the US which showed that n
Read moreFTSE 100 movers: Banks up, miners down
1st Sep 2011 14:24
Wealth manager Hargreaves Lansdown has raced ahead. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its dividend by nearly 60%. Elsewhere in finance, RBS, Lloyds and Barclays have powered forward, buoyed by rumours that reform of the banking sect
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