London open: Stocks flat after Eurogroup meeting
10th Jul 2012 08:47
- Eurogroup gives Spain extra time - Chinese trade surplus at three-year high - M&S maintains guidance despite LFL sales falling The Footsie opened broadly flat on Tuesday morning with investors digesting the the developments from yesterday's Eurogroup meeting. Eurozone finance ministers decided t
Read morePellet production rises at Ferrexpo
10th Jul 2012 07:42
Iron ore producer Ferrexpo saw pellet production rise in the second quarter, though year-to-date production is down year-on-year because of lower availability of third party concentrate. The company, which has its headquarters in Switzerland and iron ore assets in Ukraine, saw pellet production fro
Read moreSector movers: Industrial metals stocks advance after EU summit
29th Jun 2012 15:23
Industrial metals and mining companies advanced on Friday afternoon with stocks gaining nearly seven per cent on average as commodities prices advanced on the back of developments in the Eurozone. Markets across Europe celebrated this morning what most experts consider to have be surprising 'breakt
Read moreSector movers: Metals/mining stocks fall on Eurozone worries
30th May 2012 15:51
Every sector was either flat or in the red on Wednesday afternoon, as ongoing uncertainty in the Eurozone fuelled a sell-off in equity markets. Bearing the brunt of the downward pressure were the industrial metals and mining stocks as copper prices continued to fall. By 16:07 in London, copper for
Read moreLondon pre-open: Late rally in US to spark rise on FTSE
24th May 2012 07:29
City sources predict the FTSE 100 will open up 44 points from yesterday's close of 5,266, regaining some of yesterday's hefty losses after late rally in the US gave a much needed boost to market sentiment. Royal Dutch Shell has extended its offer for AIM-listed oil explorer Cove Energy after bein
Read moreFerrexpo remains on track, but legal battles continue
24th May 2012 07:20
Switzerland-based iron ore group Ferrexpo has assured investors that it continues to operate at full capacity and has seen 'good' demand for its iron ore pellets in the year to date. In the period to April 30th, own ore pellet production was 6.2% higher than the same period in 2011. However, sales
Read moreLondon close: Stocks sink on Greek exit speculation
23rd May 2012 16:39
- Officials warn Eurozone to prepare for Greek exit - BoE policy makers 'finely balanced' on more QE - CBO warns of US recession The FTSE 100 sunk to its lowest levels of the day by the end of trade on Wednesday as investors looked ahead to this evening's EU summit with caution as speculation incre
Read moreFTSE 250 movers: Heritage Oil leads resource stocks higher
21st May 2012 17:25
Resources stocks were leading the risers on the second-tier index as copper and oil prices edge higher. Heritage Oil, Petropavlovsk, Ferrexpo, Cairn Energy, Afren and Salamander Energy were all making decent gains in afternoon trade. Heading the other way though was oil, gas and energy engineer Lam
Read moreLondon close: Stocks rebound, EU summit eyed
21st May 2012 17:14
- G8 underwhelms; markets look to EU summit - Hollande expected to push eurobond idea to Merkel - Risk-on as financials, miners advance; defensives sold London's FTSE 100 finished firmly higher on Monday following a poor performance last week which saw the blue chip index slump to its worst levels
Read moreLondon midday: Stocks rise but Eurozone still in focus
21st May 2012 11:31
- G8 underwhelms as euro crisis continues to hamper sentiment - Cameron warns Eurozone to anticipate Greek exit - Barclays to offload BlackRock stake The FTSE 100 had held on to early gains by Monday lunchtime, as the blue-chips index rebounds from hitting a six-month low on Friday. US stock future
Read moreLondon close: Footsie sets new 2012-low on Greek concerns
14th May 2012 16:27
- Footsie closes at levels not seen since mid-December - Potential Greek exit from euro hammers stocks - Banks, miners the worst performers in London The FTSE 100 closed at its lowest levels in the year-to-date on Monday as investors speculated about what a disorderly exit of Greece from the Eurozo
Read moreLondon close: US sentiment data sparks late rally
11th May 2012 16:36
- US consumer sentiment at post-recession high - Banks weighed down by JP Morgan surprise trading loss - Miners pressured lower by Chinese data After a weak start, the FTSE 100 surged in afternoon trade on the back of some upbeat consumer sentiment data Stateside which helped to offset gloomy econo
Read moreFTSE 250 movers: Debenhams leads the way after upgrade
11th May 2012 15:12
Debenhams was a high riser following an upgrade by Bank of America to "buy" from "neutral". Analyst Aurelie Caspar said that in recent times Debenhams has "showed a department store chain with a strong multichannel offer can deliver consistent profit growth, provided the offer is sufficiently differ
Read moreLondon midday: Banks and miners weigh on Footsie
11th May 2012 11:56
- Chinese economic figures weigh on mining stocks - JP Morgan trading loss dents UK banks - UK factory gate inflation eases less than expected A surprise trading loss from US banking giant JP Morgan, weaker-than-expected Chinese economic data and ongoing concerns about the Eurozone weighed on senti
Read moreLondon open: Chinese data, JP Morgan weighs on stocks
11th May 2012 08:28
- Chinese industrial output, inflation data disappoints - Spain to ask for EFSF support, according to reports - JP Morgan surprise trading loss causes concerns The FTSE 100 fell sharply in early trading on Friday as weak Chinese data, Spanish concerns and a surprise trading loss from JP Morgan Chas
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