London midday: Markets rise on upbeat data from China, UK
9th Aug 2013 11:31
Strong data from China and increasing momentum in the UK economic recovery pushed the FTSE 100 into positive territory on Friday, though markets were rangebound as gains were limited ahead of the weekend. The FTSE 100 was trading just 0.2% higher by midday with just 25 points separating the index's
Read moreLondon open: Miners lift markets as concerns over China ease
9th Aug 2013 08:45
Worries over a slowdown in China eased temporarily on Friday morning after a barrage of strong economic figures from the world's second-largest economy sparked decent gains in the mining sector in London. Chinese industrial production increased at an annual rate of 9.7% in July, an acceleration fr
Read moreLondon close: Markets rise as Chinese data gives miners a boost
8th Aug 2013 16:35
London's FTSE 100 finished Thursday's session in positive territory, registering moderate gains as a strong performance in the mining sector and results from Aviva helped the index rebound slightly after a four-day losing streak. Forecast-beating trade figures from the world's top metals user, Chin
Read moreSector movers: Chinese trade data gives miners a boost
8th Aug 2013 15:19
Better-than-expected trade figures from China boosted stocks in London's mining sector on Thursday, as equities recovered after some sharp falls in recent days. Disappointing results from heavyweight precious metal groups Randgold and Fresnillo have weighed on the sector this week, with investors a
Read moreFTSE 100 movers: Aviva jumps as first-half results impress
8th Aug 2013 14:41
Aviva's share price surged on Thursday after the insurer beat forecasts in the first half as its turnaround continues. The firm reported a five per cent rise in operating profit to 1,008m pounds, ahead of the 933m-pound estimate, while the value of new business jumped 17 per cent to 401m pounds. "I
Read moreLondon midday: Aviva, miners help FTSE 100 snap losing streak
8th Aug 2013 11:53
Markets were on the advance on Thursday morning as well-received results from insurer Aviva and strong gains in the mining sector helped the FTSE 100 rebound after four straight days of losses. Miners in particular were boosted by better-than-expected trade figures from China, as stocks in the sect
Read moreLondon open: Chinese trade data lifts markets after sell-off
8th Aug 2013 08:21
Better-than-expected trade figures from China helped push markets in positive territory on Thursday morning but sentiment was still fragile following the heavy sell-off the day before. Concerns about a tapering of stimulus by the Federal Reserve and an underwhelming forward guidance statement from
Read moreLondon open: Stocks fall as markets await Carney's forward guidance
7th Aug 2013 08:31
Markets opened with moderate losses on Wednesday morning as investors turned nervous ahead of the Bank of England's inflation report, the first under the governorship of Mark Carney. The heavyweight mining sector was again providing a drag on the FTSE 100 as metals prices fell, while a number of b
Read moreLondon close: Markets choppy on tapering concerns
6th Aug 2013 17:02
It was a choppy session on Tuesday with the FTSE 100 struggling for direction early on before sinking firmly into the red as concerns of a 'tapering' of stimulus in the US dampened sentiment. The FTSE 100 finished down 15 points at 6,604, though closed well off its intraday low after a late rally.
Read moreSector movers: Miners track metals lower; Fresnillo drops
6th Aug 2013 15:32
Falls in commodity prices across the board were weighing on share prices in the mining sector on Tuesday, with precious metals group Fresnillo leading the way lower after a poorly-received first-half report. "After a decent run-up in recent weeks, blue-chip mining stocks have cooled [...] as lower
Read moreFTSE 100 movers: Fresnillo leads miners lower
6th Aug 2013 15:10
Mining stocks were dominating the fallers list on the FTSE 100 on Tuesday with precious metals group Fresnillo leading the way lower following some disappointing first-half results. Fresnillo's share price was down nearly 9.5% in afternoon trade after a 27% decline in gross profit to $518.9m in the
Read moreLondon midday: Markets trim losses after UK data, StanChart
6th Aug 2013 11:23
Markets had recovered some lost ground by Tuesday lunchtime following some early falls, as data showed that the UK economic recovery continues to gather momentum and results from banking group Standard Chartered were well received. The FTSE 100 opened firmly in the red this morning, dampened by wea
Read moreLondon open: Markets fall as Fresnillo leads miners lower
6th Aug 2013 09:10
Weakness in the mining sector saw the FTSE 100 fall into the red for the third straight day on Tuesday after some disappointing results from precious metals miner Fresnillo. Asian markets had a mixed session overnight as traders reacted an interest-rate cut in Australia. The Reserve Bank of Austral
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreLondon close: HSBC weighs on markets despite strong data
5th Aug 2013 16:32
Worse-than-expected results from the FTSE 100's largest constituent, HSBC, hit markets hard on Monday though losses were limited by some strong economic data from across the globe. The FTSE 100 finished down 28 points at 6,620. Before HSBC's results were released, services data from the UK, Eurozo
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