London open: Volatile start for FTSE 100, Lloyds and RBS rally
8th Aug 2011 08:29
Stocks have recovered from earlier falls on what could be a jittery day following last week's slide, with falling mining shares signalling continued nervousness over global economic prospects. Mining giants such as Rio Tinto and ENRC are out of favour today, though precious metal miners such as Ran
Read moreLondon close: ARM and Imagination Technologies lead the slide
3rd Aug 2011 16:40
Stocks were posting triple-digit losses at the finish, with the FTSE 100 at its lowest closing level for the year so far as worries over global growth intensified. Things got worse after a poor start in the US, where yesterday's deficit-cutting agreement among politicians has done little to assuage
Read moreFTSE 100 Movers: Fresnillo is heading for gold
3rd Aug 2011 14:39
Fresnillo's share price continues to soar as rising precious metals prices boosted revenues at the Mexican silver and gold miner in the six months to 30 June. Total revenue rose to $1.056bn (£644.5m) from $605.7m the previous year, while earnings before interest, depreciation and amortisation (EBI
Read moreBroker tips: Fresnillo, BHP Billiton, Amlin
3rd Aug 2011 12:56
Citi has kept its hold rating on gold and silver mining giant Fresnillo, highlighting a "small miss" in its half-year figures. The company reported $422m of attributable net profit in the first half of 2011 (excluding Silverstream), under the US broker's expectations of $467m. Earnings per share of
Read moreBroker snap: 'Small miss' in Fresnillo's results, says Citi
3rd Aug 2011 12:54
Citi has kept its hold rating on gold and silver mining giant Fresnillo, highlighting a "small miss" in its half-year figures. The company reported $422m of attributable net profit in the first half of 2011 (excluding Silverstream), under the US broker's expectations of $467m. Earnings per share of
Read moreLondon close: Poor start on Wall Street fuels late sell-off
2nd Aug 2011 16:32
A poor start on Wall Street spurred a late decline in London on Tuesday, as the Footsie fell nearly 1% in afternoon trading, despite trading sideward for the majority of the day. The main US equity benchmarks are now trading firmly in the red following worse than expected economic numbers out in t
Read moreSector movers: Metals/mining stocks lower on economic concerns
2nd Aug 2011 13:48
The metals and mining sectors were unwanted on Tuesday on fears over the global economic recovery. Despite the successful passage through the US House of Representatives of the budget deficit reduction bill last night, many have pointed to recent disappointing global manufacturing data and the ongo
Read moreFTSE 100 Movers: Fresnillo sparkles
2nd Aug 2011 12:23
Soaring precious metals prices boosted both profits and the share price at Mexican silver and gold miner Fresnillo. Total revenue rose to $1.056bn (£644.5m) from $605.7m the previous year in the six months to 30 June, while earnings before interest, depreciation and amortisation (EBITDA) rose to $
Read moreLondon midday: Stocks fall back after flat start
2nd Aug 2011 12:16
Stocks are in negative territory now as investors digest a raft of company statements against a backdrop of ongoing worries about the debt situation in the US and in Europe. Investors are also digesting news that the US House of Representatives has voted through a bill to raise the debt ceiling in
Read moreLondon open: Barclays boosts FTSE 100 but miners suffer
2nd Aug 2011 08:28
The top share index has edged higher amid a mixed reception for today's stream of company results. Investors are also digesting news that the US House of Representatives has voted through a bill to raise the debt ceiling in the first stage of a two-step process designed to avoid the country default
Read moreUPDATE: Fresnillo's revenue jumps but small miss on profits
2nd Aug 2011 08:04
Soaring precious metals prices boosted revenues at Mexican silver and gold miner Fresnillo in the six months to 30 June. Total revenue rose to $1.056bn (£644.5m) from $605.7m the previous year, while earnings before interest, depreciation and amortisation (EBITDA) rose to $757m from $394.3m. Fresn
Read moreFTSE 100 Movers: HSBC on the up after profit growth
1st Aug 2011 12:50
Banking giant HSBC is heading north after it unveiled a rise in profits and a massive wave of job cuts. Pre-tax profits for the half year climbed by 3% from the same period the previous year, with strong performances from the retail banking and wealth management divisions, which benefited from fewe
Read moreLondon close: Stocks slump after giving up rally
27th Jul 2011 16:49
Stocks finished deep in the red, giving up an earlier rally, after a poor showing on Wall Street. Energy supplier Scottish & Southern Energy suffered after going ex-dividend. Meanwhile, sector peer Centrica also fell, albeit by a lesser extent, after utilities firm British Gas (owned by Centrica)
Read moreLondon midday: Stocks still stuck lower
27th Jul 2011 12:03
The top share index nestles slightly in negative territory, perhaps waiting for US trading to start before striking into the blue. Energy supplier Scottish & Southern Energy is suffering after going ex-dividend. Meanwhile, sector peer Centrica also fell, albeit by a lesser extent, after utilities
Read moreLondon open: SSE leads the fallers in early trading
27th Jul 2011 08:31
The top share index saw a sharp decline in early trading, as the debt crisis in the US continues to weigh on market sentiment. Energy supplier Scottish & Southern Energy was the heavy faller, tumbling 4.85% after going ex dividend. Meanwhile, sector peer Centrica also fell lower, albeit by a les
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