Sector 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 moreLondon close: Footsie falls as Greece and US fuel sell-off
2nd Jun 2011 16:55
Despite trading sideways for most of the day after a relatively sharp fall early on, the Footsie took another dive in late afternoon to finish over 1.3% lower. The mood was uneasy on Thursday as a result of sovereign debt fears in Europe and worrying news from the US, amid a host of underwhelming re
Read moreFTSE 100 movers: Johnson Matthey's results disappoint
2nd Jun 2011 15:45
Full-year profits from speciality chemicals group Johnson Matthey came in ahead of market expectations with good performances in all parts of the business. However, investors seemed underwhelmed as the stock sunk on the blue chip index on Thursday. The miners are falling lower, as metals prices dec
Read moreLondon midday: Banks provide a boost
27th May 2011 12:05
The Footsie is around 1% higher at the midday point, holding on to early gains. The banking sector is performing well today after positive comments from Citigroup. The US bank upped its rating on European banks to 'overweight', saying that the recent decline in the share prices provides a good entr
Read moreFTSE 100 movers: Weir rises above the rest
26th May 2011 14:37
Engineering titan Weir is a strongest gainer, roaring over 5% higher on Thursday afternoon. Meanwhile, the mining sector is dominating the risers, with Antofagasta, Lonmin, Anglo American and Fresnillo in demand, Man Group, the hedge fund manager, is performing well after full-year pre-tax profit
Read moreFTSE 100 movers: Miners rise on metals prices
24th May 2011 15:40
The miners are in demand as precious metals prices continue to ascend. Fresnillo is the highest riser, gaining over 4%. Cairn Energy, Antofagasta, Kazakhmys, Randgold Resources, Xstrata and Rio Tinto are also firmer. Oil groups BG and BP are rising higher, along with crude oil prices. Goldman Sa
Read moreSector movers: Antofagasta, Rio Tinto lead the miners
16th May 2011 16:11
The mining sector is wanted today as analysts have highlighted the recent bout of profit-taking - on the back of falling commodities prices - as a good buying opportunity. Blue chip miners Antofagasta, Rio Tinto, Anglo American, Fresnillo, BHP Billiton and Vedanta Resources are all higher. Indust
Read moreFTSE 100 movers: Aggreko leads the fallers
16th May 2011 15:45
The Footsie has come off its lows but remains in the red, led by temporary power supplier Aggreko, who is trading over 3% lower. Engineers Invensys and Weir are also out of favour. Data software firm Autonomy is wanted after it announced that it is to boost its cloud computing capability with a $38
Read moreFTSE 100 movers: Oil and metals stocks edge rise higher
13th May 2011 15:34
Commodity price-sensitive stocks were wanted today, as the prices of precious metals and oil recovered from the recent sell-off. Oil services group Petrofac is higher after saying it is "increasingly confident" that it will deliver profit growth in line with previous guidance after a strong perform
Read moreLondon close: Late rally falls short
12th May 2011 16:58
Shares clawed back some of their losses ahead of the close but still finished firmly in the red as miners sank in line with commodity prices. Metals prices were on the decline amid monetary tightening in China, hurting mining stocks such as Fresnillo, Vedanta Resrouces and Kazakhmys. Lower oil pric
Read moreSector movers: Miners fall on commodities sell-off
12th May 2011 15:16
Unsurprisingly, the miners are the worst performing stocks on Thursday, as commodity prices continue to decline. Fresnillo, Antofagasta, Vedanta Resources, Kazakhmys and Lonmin are among the fallers on the FTSE 100. Eurasian Natural Resources Corporation is lower even though it reported a positive
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