London 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
Read moreSector movers: ENRC leads miners lower
10th Jun 2011 15:17
The mining sector has taken a knock today, with blue chip metals producers providing a drag. Kazakhstan-focused miner Eurasian Natural Resources Corp is a heavy faller on further speculation of a major boardroom shake-up, as a result of indifferences with minority shareholders. On Wednesday, the
Read moreFTSE 100 movers: Sharp drop for Antofagasta
8th Jun 2011 15:14
Antofagasta is heading the fallers, losing more than 5%, after warning that the ramp-up of the Esperanza plant in northern Chile is taking longer than expected, causing the group to scale back its total copper production guidance for 2011. Group copper production for 2011 is expected to be between
Read moreLondon midday: Stocks dive as worries grip markets
8th Jun 2011 12:13
The top share index is deep in the red now as global economic worries continue to overshadow trading. Stocks finished lower in the US last night after downbeat comments from Federal Reserve president Ben Bernanke on US economic prospects. After a hesitant start, London's leading share index took a
Read moreLondon close: Footsie recovers after steep fall
3rd Jun 2011 16:40
After a steep decline after lunch - on the back of a poor start on Wall Street - the Footsie recovered to finish above water, albeit only by around 0.1%. US economic data fuelled a brief sell-off just before 2pm after some much weaker than expected jobs data. Just 54,000 new jobs were added in the
Read moreFTSE 100 movers: Autonomy tops the risers
3rd Jun 2011 15:49
Data search group Autonomy is the top riser in the FTSE 100 after completing the $380m acquisition of assets from Iron Mountain. WPP, the advertising giant, is heading higher after acquiring a 70% stake in Grïngo Publicidade, a leading digital agency in Brazil. Making moderate gains is satellite
Read more