Record 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
Read moreLondon open: Burberry, miners dominate the rise
13th Jul 2011 08:31
Burberry and the miners dominated the risers early on, as the Footsie attempted to recover from the previous day of losses. Iconic British luxury brand Burberry jumped higher early on after underlying sales soared by 34% in the first quarter, driven largely by strong retail growth in China. "We ar
Read moreLondon close: Footsie hits two-month high
7th Jul 2011 16:28
The Footsie finished at levels not seen since early May on Thursday after the Bank of England rate decision and a strong start in the US buoyed sentiment in London. At midday, Bank of England policy makers left interest rates on hold at the record low of 0.5%. The lack of movement was largely expec
Read moreSector movers: Mining sector rises as metals prices increase
7th Jul 2011 16:05
The miners were making gains on Thursday, as metals prices headed higher. As of 16:10, copper futures were 2.11% higher at $442.65/lb, while silver was 1.25% up at $36.365 per troy ounce. FTSE 100 mining peers Antofagasta, Kazakhmys, Fresnillo, ENRC and Rio Tinto were all in demand. Sector peer B
Read moreFTSE 100 movers: Man Group rises after impressive quarter
7th Jul 2011 15:30
Man Group is the high riser of the day, gaining over 3.5% in the afternoon, after reporting record sales in its first quarter. Funds under management at the hedge fund manager rose to $71bn at the end of June, from $69.1bn at the end of March, as the group racked up sales of $9.0bn to record a net
Read moreLondon close: Stocks finish higher despite retreat
24th Jun 2011 16:47
Stocks gave up most of their early gains as economic worries resurfaced, but the top share index still closed in positive territory. Some observers attribute this resilience to comments from Chinese Premier Wen Jiabao that may be pointing towards a quicker end than previously expected to tightening
Read moreLondon midday: Gains fade as Bank warns on risks
24th Jun 2011 12:01
Shares are still going well after a strong start but have given up some of their earlier gains as nerves linger over the eurozone situation. With Greece and the European Union settled on the contents of the austerity package to be put before the Greek parliament next week, hopes have risen that th
Read moreLondon open: Sharp gains for Footsie as Greek fears ease
24th Jun 2011 08:42
The Footsie registered sharp gains in early trading, after last night's reports from Greece buoyed sentiment in London. The FTSE 100 opened up 68 higher at 5,742 on Friday morning. With Greece and the European Union settled on the contents of the austerity package to be put before the Greek parliam
Read moreSector movers: Miners higher as metals prices rise
21st Jun 2011 14:26
Resource-related stocks are on the rise on Tuesday, with the mining sector making solid gains, tracking commodities prices higher. Copper and gold prices are higher as of 14:45 on Tuesday afternoon. Copper futures are $3.85 up (+0.94%) at $413.10, while gold futures are edging $0.40 up (+0.03%) at
Read moreLondon close: Footsie finishes close to daily highs
14th Jun 2011 16:29
London was given an extra lift in the afternoon as markets on Wall Street opened strongly. Also helping sentiment was some reassuring economic figures from China. Chinese industrial production rose by 13.3% in May, assuaging some observers' fears that economic expansion in the fast-growing country c
Read moreFTSE 100 movers: RBS rises on disposal speculation
14th Jun 2011 15:15
Royal Bank of Scotland is among the best performers after reports suggest that it is in talks to sell its vehicle-leasing business to General Electric, the American super-conglomerate. Heading the other way is commodity trading house Glencore after the group reported its first quarter results this
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