London open: Miners lift UK stocks higher, but Serco plummets
10th Nov 2014 08:33
UK stocks advanced on Monday morning, led by decent gains in the heavyweight mining sector despite some mixed trade figures from China. The FTSE 100 was up 0.4% at 6,594 in early deals after closing Friday's session at 6,567.24, its highest finish since 6 October. However, gains on the FTSE 250 were
Read moreLondon midday: UK stocks rise, but gains trimmed as investors await US jobs data
7th Nov 2014 11:43
UK stocks gained on Friday after Eurozone stimulus hopes and upbeat economic data pushed Wall Street indices to more record highs, but gains were pared slightly by lunchtime as investors waited for the all-important US jobs report. The FTSE 100 was up 0.5% at 6,587 by midday, having touched an intra
Read moreLondon open: UK stocks at one-month high ahead of US jobs report
7th Nov 2014 08:41
The UK stock market was trading at a one-month high on Friday following more record highs on Wall Street, boosted by upbeat US economic data and hopes for more monetary stimulus from the European Central Bank (ECB). However, investors will be keeping a close eye on the upcoming US jobs report on Fri
Read moreLondon open: M&S, Meggitt lead UK stocks higher early on
5th Nov 2014 09:02
UK stocks rose on Wednesday as decent gains from Marks & Spencer, Meggitt, Tulllow Oil and AB Foods offset falls in the mining sector after yet more weak data from China. The FTSE 100 was trading 0.6% higher at 6,493 in morning trade. With the exception Japan's Nikkei index, Asian markets weaker ov
Read moreLondon close: Markets spring leak as oil prices tumble
4th Nov 2014 16:13
The falling price of crude oil and precious metals left markets struggling to get a grip on Tuesday. The price of a barrel of US light crude fell nearly 3% to about $76.5 a barrel and Brent crude dipped below the $83 mark, dragging the FTSE 100 Index down 34 points at 6453.97. World gold prices are
Read moreLondon pre-open: Stocks to move lower after drop in Asian markets
4th Nov 2014 07:17
UK indices are expected to track declines seen in Asia overnight thanks to weakened Chinese manufacturing data out over the weekend. City sources predict the FTSE 100 will open around 17 points lower than yesterday's close of 6,487.97. "Asian shares were mainly trading negatively throughout the nig
Read moreGlencore sees nine-month copper output rise 8%
4th Nov 2014 07:03
Anglo-Swiss commodities giant Glencore saw an 8% increase in copper production in the first three quarters of 2014, but reported mixed output from its other operations. Glencore, which trades and mines a range of commodities, generated three-quarters of group adjusted operating profits from its indu
Read moreSector movers: Anglo leads miners higher despite weak Chinese data
3rd Nov 2014 13:50
Mining stocks were making small gains on Monday despite some disappointing economic data from top metals consumer China. Anglo American was among the best performers on speculation that the former boss of Xstrata could bid for some its assets. The Chinese government's official manufacturing purchas
Read moreMonday broker round-up UPDATE
3rd Nov 2014 10:47
Aa: Liberum Capital initiates with a target price of 417p and a buy recommendation. Afren: UBS lowers target price from 130p to 115p, keeping a buy recommendation. Anglo American: Nomura reduces target price from 1550p to 1400p, while leaving its neutral rating unaltered. Barclays: Exane ups targe
Read moreLondon open: UK stocks fluctuate at four-week high on China data, HSBC results
3rd Nov 2014 08:19
UK stocks opened cautiously on Monday, with upside limited by disappointing economic data from China and poorly-received results from HSBC after the banking group reported a drop in underlying third-quarter profits. The FTSE 100 was 0.1% higher at 6,554 in early deals, after having closed Friday's s
Read moreSector movers: Mining, oil stocks track commodities lower as dollar gains
30th Oct 2014 13:24
Mining and oil stocks took a hit on Thursday as a hawkish statement by the Federal Reserve and better-than-expected US growth bolstered the dollar and dampened commodity prices. Gold dropped to its lowest in three weeks, while silver, platinum and crude prices all declined, as the dollar rose to a t
Read moreLondon midday: Weak economic data and earnings sink stocks
14th Oct 2014 12:10
A wave of disappointing corporate updates and worse-than-expected data from the Eurozone pushed UK stocks firmly into the red on Tuesday, as concerns about the global economy continued to weigh on sentiment. The FTSE 100 was down 0.7% at 6,322 by midday, as gains in the mining sector were offset by
Read moreLondon open: UK stocks slip on weak earnings, Burberry drops
14th Oct 2014 09:05
UK stocks declined on Tuesday as gains in the mining sector were offset by disappointing updates from the likes of Burberry, Hargreaves Lansdown, SABMiller, Michael Page International and Mulberry. The FTSE 100 was trading 0.4% lower at 6,344 in early trading as the index continues to rumble along a
Read moreTuesday tips round-up: BHP Billiton, Rio Tinto, Glencore
14th Oct 2014 06:58
Anyone wishing to peer into the future might be advised to observe the goings-on in north-western Australia. They will find 3-km long robo-trains careening through the landscape. It is precisely these futuristic machines which have allowed BHP to drastically reduce the cost of bringing new supplies
Read moreLondon close: Mining stocks help lift FTSE to positive finish
13th Oct 2014 17:00
Coming off the morning's declines, London-listed stocks ended Monday's session on a relatively upbeat note, thanks to a strong performance by the mining sector on what was a generally quiet day for markets. The FTSE 100 finished near its best levels of the session, closing 26.27 points higher at 6,3
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