London close: US debt uncertainty persists, Footsie finishes under
25th Jul 2011 16:42
The Footsie trimmed earlier gains as markets in the US recovered after a weak start. Despite falling as low as 5,893 on Monday, London's blue chip index finished firmly above the 5,900 mark, as giants BP, ARM, BG and GlaxoSmithKline rose ahead of their interim results due tomorrow. While stocks on
Read moreFTSE 100 movers: Gold stocks shine
25th Jul 2011 11:40
Gold production companies Fresnillo and Randgold were among the top risers in the FTSE 100 after the price of gold increased. Fresnillo was the biggest mover seeeing its share price rise 2.74% to 1,727.00p. Randgold Resources did less well but its shares were still up 1.16% to 5,660p. The price o
Read moreLondon close: Footsie closes higher, despite afternoon sell-off
22nd Jul 2011 16:31
After a solid start on the back of positive developments in Europe, the Footsie trimmed gains in the afternoon as investors looked to lock in profits following a strong finish on Thursday. Despite touching as high as the 5,967 level before midday, the Footsie steadily declined to close at 5,935. Me
Read moreFTSE 100 movers: Financials mixed as investor lock in profits
22nd Jul 2011 14:18
The financial sector was mixed on Friday, despite rising strongly early on following yesterday's Eurozone deal to bailout Greece. Shares soared on Thursday after the region's leaders agreed a new aid package for Greece and an overhaul of the Eurozone sovereign rescue fund. While RBS bucked the tre
Read moreFTSE 100 movers: Barclays leads banks higher
20th Jul 2011 14:05
The banks were leading the Footsie higher on Wednesday afternoon, with Barclays, RBS and Lloyds recouping some of the week's earlier losses. Barclays was the highest riser, gaining 4.54%, but still remains around 3% down over the last seven days. ARM Holdings was in demand with the chip company bo
Read moreLondon close: record gold price = scared investors
18th Jul 2011 16:03
Stock markets fell across the board today as concerns persist over European and US sovereign debt. Friday's European banking stress tests were seen as something of a damp squib by markets after they failed to adequately analyse the impact sovereign debt default would have on the Continent's banks.
Read moreFTSE 100 movers: Stress tests provide concern for banks
18th Jul 2011 13:55
The banks were the heavy fallers on Monday, as the results of Friday's stress tests on the Europe's banks were seen as too soft. Markets across the continent were disappointed with the tests, with reports from Bloomberg saying that European banks may need to raise up to €80bn of extra capital after
Read moreLondon close: Thomas Cook leads the decline
14th Jul 2011 16:47
Stocks closed firmly in the red on a day that saw stocks moving sharply in both directions after a raft of updates. Investors had a keen appetite for shares in Premier Foods. The Hovis bread and Sharwood ready-meals maker unveiled industry veteran Mike Clarke as its new head honcho. Clarke, current
Read moreFTSE 100 movers: black gold trumped by gold gold
14th Jul 2011 15:33
Mexican precious metals miner, Fresnillo, led the charge today after announcing record production of both gold and silver in the second quarter of 2011. The news that the company was 'deeply concerned' by the deaths of several workers at its operations during the period didn't dent investor confide
Read moreLondon midday: Stocks move lower
14th Jul 2011 12:10
Stocks are deep in the red following this morning's slide. Associated British Foods is bucking the downward trend. It said its outlook for the full year is in line with expectations as its food arm and budget clothing retail chain Primark continue to perform well. Silver producer Fresnillo is spa
Read moreRecord gold and silver hauls at Fresnillo
14th Jul 2011 10:06
Mexican precious metals miner, Fresnillo, has announced record production of both gold and silver in the second quarter of 2011. However, the results were blighted by the deaths of several workers at its operations during the period, which the company called 'deeply concerning'. Quarterly attribut
Read moreLondon open: ABF and Fresnillo buck the downward trend
14th Jul 2011 08:29
Stocks have taken a dive following a swoon on Wall Street last night, with worries over the Eurozone crisis continuing to cast a shadow. In the latest twist in that saga, ratings agency Fitch lowered its rating on Greece's long-term debt to CCC. Turning to stocks, Associated British Foods is bucki
Read moreLondon close: Big gains after eventful day
13th Jul 2011 16:33
Stocks finished with good gains at the end of an eventful day. A raft of updates sent shares in both directions in early dealings, but the main drama came later in the day when Rupert Murdoch's News Corporation withdrew its bid for satellite broadcaster BSkyB. Stocks were boosted in afternoon tradi
Read moreFTSE 100 movers: Chinese data fuels demand for miners
13th Jul 2011 14:09
A better-than expected rise in Chinese gross domestic product spurred a rally in metals prices, helping gains for the miners. Fresnillo, Randgold Resources and Kazakhmys were among the highest risers on Wednesday afternoon. Mining titan Xstrata was also in demand after taking full control of the P
Read moreLondon midday: Supergroup leads the climb
13th Jul 2011 12:12
Stocks are heading in both directions following a raft of updates, but the overall direction is higher, with trendy fashion retailer SuperGroup the standout stock. SuperGroup, famous for the Superdry brand, said full-year underlying pre-tax profit soared by 89% to £50.2m, from £26.5m previously, su
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