Sector movers: Vodafone rises on Greek deal
1st Sep 2011 13:46
Telecommunications stocks were heading north on Thursday with sector giant Vodafone rising higher, two days after it confirmed that it is talks to merge its Greek telecoms business with privately-owned rival Wind Hellas. Discussions with Largo Limited, the owners of Wind Hellas, were said to be at
Read moreLondon open: Miners drag Footsie lower
1st Sep 2011 08:30
The FTSE 100 began September trading on a dull note, falling lower in the opening minutes on Thursday, with the mining sector largely to blame. The mining sector dropped as copper, gold and silver prices declined. Fresnillo, Lonmin and Randgold Resources were among the worst performers. Sector pe
Read moreLondon close: Results drive stocks higher, Man up after upgrade
24th Aug 2011 16:38
Stocks finished with good gains after an uncertain start, with strong economic data from the US overriding the earlier mixed reception to today's raft of company updates. US orders for goods made to last more than three years, such as planes, cars and washing machines, rose by 4% in July, having fa
Read moreLondon midday: Stocks mixed after stream of updates
24th Aug 2011 12:10
The leading share index is flitting between red and blue amid differing receptions for today's stream of updates. Investors in Admiral are feeling mutinous despite pre-tax profits growing by 27%. However, according to a Thomson Reuters poll, the result was a slight miss. Miner BHP Billiton is hig
Read moreLondon open: Admiral drags Footsie into the red
24th Aug 2011 08:29
Early gains proved short-lived as the blue chip index in London fell into the red by 08.32, dragged lower by Admiral and the miners, who were registering losses on the back of falling metals prices. Admiral was the worst performer on the FTSE 100, losing over 5% after despite pre-tax profits growi
Read moreLondon close: Late rally pulls Footsie into the blue
23rd Aug 2011 16:31
After a strong start on Wall Street - which saw the three benchmark indices gain at least 1.1% each - the Footsie ended in positive territory, despite dipping into the red in the afternoon. However, gains were only modest as volatile trade continued. Security services provider G4S was the high rise
Read moreSector movers: Fresnillo, Antofagasta drag miners lower
23rd Aug 2011 15:03
Despite rising early on, the mining sector was in the red on Tuesday afternoon, led by silver and gold miner Fresnillo. Falling silver and gold prices dented Fresnillo's share price, meaning that by 15.18, shares were 7.3% lower at 1,891p. Meanwhile, South America-focused copper miner Antofagasta
Read moreFTSE 100 Movers: G4S heads north after growth acceleration
23rd Aug 2011 12:47
Security services provider G4S saw its share price take a leap after it said it is seeing organic revenue growth accelerating in most regions and business sectors, as the global economy continues its recovery from the recession. Group turnover rose 5% on a constant exchange rates (CER) basis to £3
Read moreLondon midday: Stocks stay buoyant as bid talks boost Charter
23rd Aug 2011 12:09
The FTSE 100 remains buoyant, with some action on the mergers & acquisitions front giving traders another distraction from ongoing global economic concerns. Engineering group Charter International has confirmed speculation that it has received a second offer following a previous one from rival Melr
Read moreLondon close: Financials drag Footsie lower
17th Aug 2011 16:46
Following a steep decline early on, the blue chip index staged a partial recovery on the back of a positive start on Wall Street. Nevertheless, the Footsie still finished in the red, as losses for financial stocks outweighed gains in the mining sector. Meanwhile, it was revealed today that all nine
Read moreSector movers: Balfour Beatty drags construction stocks lower
17th Aug 2011 15:20
Shares in infrastructure group Balfour Beatty were unwanted on Wednesday, dragging the construction and materials sector lower. The firm said it expects markets to remain tough in the short term as it posted a meagre rise in underlying pre-tax profits and revenues for the half year to 1 July. Under
Read moreFTSE 100 Movers: France and Germany's new tax sees index drop
17th Aug 2011 11:50
The FTSE 100 dropped 0.9% on opening, with Icap, a broker for financial institutions, leading the journey south after a proposal by French President Nicolas Sarkozy and German Chancellor Angela Merkel to introduce a new tax on financial transactionS. RBS and Barclay's share prices were also suffer
Read moreLondon close: FTSE 100 rallies to close with gains
16th Aug 2011 16:50
The FTSE 100 found strength as the day progressed, helped by some economic data from the US, and managed to finish with gains. Sentiment had been depressed earlier on by figures on this side of the pond. The Eurozone economy grew by a paltry 0.2% in the second quarter compared with the previous thr
Read moreLondon close: Calmer start to the week, Footsie edges 31 higher
15th Aug 2011 16:35
A strong start on Wall Street and large gains from the miners helped London's blue chip index finish 0.57% higher on Monday. Meanwhile the banks limited gains on the Footsie over concerns over their level of exposure to Eurozone debt. Fluctuations in trading on Monday were not as severe as in recen
Read moreFTSE 100 Movers: Banks suffer while miners do well
15th Aug 2011 11:47
BP saw a rise despite announcing that its growth could be hampered because it "cannot find skilled workers". With the price of silver on the up it was no surprise to see that precious metals miner Fresnillo was performing well, topping the board at almost 5%. It was a similar story for Kazakhmy
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