London 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
Read moreLondon close: Stocks rally after strong start in US
11th Aug 2011 16:30
The volatile trading continued on Thursday as losses were turned into gains in London on the back of a rally on Wall Street. A steep rise was seen after midday erased earlier losses and helped the Footsie to finish near its highs for the day. Equities were on the rise in morning trade in New York a
Read moreLondon close: Footsie bounces after morning sell-off
9th Aug 2011 16:45
Following another steep decline in early trading, the Footsie clawed its way back, surging nearly 400 points since the mid-morning to finish 1.89% higher. The blue chip index closed up 96 points. All eyes are on the Federal Reserve's monetary policy meeting, with markets eagerly waiting to hear of
Read moreFTSE 100 Movers: InterContinental Hotels provides shelter
9th Aug 2011 12:24
Global hotels group InterContinental Hotels's share price was given a boost after it saw revenue per available room grow by 6.7% from a year earlier in the first half of 2011. The increase was driven by strong demand in Greater China and the US, where the Holiday Inn relaunch is delivering sustain
Read moreLondon midday: Stocks bounce back
9th Aug 2011 12:19
The top share index has staged a strong recovery having plunged below the 5,000 point mark amid continued nervousness over economic growth. The Footsie tumbled below the 4,900 mark in mid-morning trade, with the blue chip index losing over 3% of its value for the second straight session. The sell-
Read moreLondon midday: Stocks tumble as jitters grip markets
8th Aug 2011 12:14
London's leading share index has given up a short-lived rally and is posting triple-digit losses as nerves over the global economic situation grip the markets again. Mining giants such as Rio Tinto and ENRC are out of favour, though precious metal miners such as Randgold Resources and Fresnillo are
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