London open: FTSE 100 up one per cent, miners surge after Bernanke comments
11th Jul 2013 08:36
Dovish comments from Federal Reserve Chairman Ben Bernanke prompted some strong gains on the FTSE 100 on Thursday morning, as mining stocks tracked metals prices higher on the back of a weaker US dollar. "Bernanke and his colleagues are trying to reassure the market by communicating that even once
Read moreLondon close: Stocks pare losses ahead of FOMC minutes
10th Jul 2013 16:56
Nervousness ahead of a Federal Reserve statement and disappointing trade figures from China weighed on markets on Wednesday, though a late rally on the FTSE 100 ensured that losses were only minor by the close. The FTSE 100 finished the session at 6,505, down just eight points (-0.12%) on the day a
Read moreFTSE 100 movers: Burberry jumps after 'standout' first quarter
10th Jul 2013 14:27
Luxury fashion brand Burberry saw its share price jump on Wednesday after saying that it was pleased with its first-quarter retail performance as underlying revenues rose 18 per cent. Chief Executive Angela Ahrendts said that spring/summer 2013 was a 'standout' season. Petrofac was in demand after
Read moreLondon midday: Miners drag markets lower after Chinese data
10th Jul 2013 11:33
The FTSE 100 had slipped into the red on Wednesday morning with markets turning cautious ahead of a statement from the Federal Reserve, hoping for indications of when the central bank will begin to taper stimulus. Disappointing trade figures from China were also weighing on sentiment today, pressur
Read moreBroker snap: Goldman cuts target prices across mining sector
10th Jul 2013 09:07
Goldman Sachs has singled out Vedanta Resources and First Quantum Minerals (FQM) as 'buys', but has retained its cautious stance on the mining sector as a whole, cutting its target prices for most stocks under its coverage. In spite a potential buying opportunity caused by the steep sell-off so far
Read moreWednesday broker round-up UPDATE
10th Jul 2013 08:59
Anglo American: Goldman Sachs reduces target price from 1400p to 1100p and retains a sell recommendation. Antofagasta: Goldman Sachs takes target price from 935p to 810p reiterating its neutral rating. Babcock: JP Morgan increases target price from 1230p to 1380p and retains an overweight rating.
Read moreLondon open: Stocks edge higher ahead of FOMC minutes
10th Jul 2013 08:20
The FTSE 100 opened higher on Wednesday morning, though gains were only slight as investors turned cautious ahead of a statement from the Federal Reserve, hoping for indications of when the central bank will begin to taper stimulus. Following the heavy sell-off in June, the strong rebound in market
Read moreLondon close: Stocks swing into the red as US data smashes forecasts
5th Jul 2013 16:45
The eagerly anticipated US jobs report didn't fail to disappoint on Friday, smashing consensus forecasts and sparking a surge in the dollar; but equity markets in the UK quickly dropped into the red with mining stocks providing a drag as metals prices fell. With an impressive 195,000 non-farm payro
Read moreSector movers: Miners hammered as stronger dollar hits metals prices
5th Jul 2013 15:10
Mining and metals stocks were under heavy selling pressure on Friday afternoon following a much better-than-expected US jobs report, as a stronger dollar dampened the price of metals across the board. Gold futures for August delivery on Comex were down 3.32% at a one-week low of $1,210.30 an ounce,
Read moreFTSE 100 movers: Miners drop as metals prices drop after US jobs beat
5th Jul 2013 14:38
Mining stocks were the worst performers of the day on Friday, tracking metals prices lower as the dollar the strengthened on the back of US labour-market data which smashed expectations. With an impressive 195,000 non-farm payrolls added in June - well ahead of the 165,000 forecast - and previous mo
Read moreLondon midday: Stocks hold on to gains before US jobs report
5th Jul 2013 12:00
The FTSE 100 was holding at a one-month high on Friday morning as investors awaited the US jobs report this afternoon which could spark a volatile reaction on stock markets worldwide. US futures were pointing to a strong start on Wall Street today, though volumes were on the light side as traders r
Read moreGulf Keystone recruits former Glencore Chairman Murray
4th Jul 2013 08:37
Gulf Keystone Petroleum has recruited former Glencore Chairman Simon Murray to its chair. The appointment of the 73-year old former French foreign legionnaire comes ahead of the oil explorer's planned move from Aim to the main market and follows its announcement in May that it would split Executive
Read moreLondon close: Political uncertainty hits stocks hard
3rd Jul 2013 16:44
The UK market suffered steep falls on Wednesday as risk appetite was hit by disappointing economic data from China, political uncertainty in Portugal and fears of a military coup in Egypt. Nerves were also on edge ahead of policy decisions from the Bank of England and European Central Bank tomorrow
Read moreFTSE 100 movers: China concerns weigh heavily on miners
3rd Jul 2013 15:08
Mining stocks were once again bearing the brunt of a fall in risk appetite on Wednesday as concerns over demand for commodities were sparked by some disappointing economic data from China. Anglo American, Glencore Xstrata, BHP Billiton, Vedanta and Antofagasta were among the worst performers. Lead
Read moreLondon midday: Stocks hit by political uncertainty, economic data
3rd Jul 2013 11:26
Political uncertainty in Europe, disappointing economic figures from China and nervousness ahead of some key 'risk events' later this week prompted a sell-off on the FTSE 100 on Wednesday morning. Resignations of both the Portuguese Finance Minister and Foreign Minister over the last few days have
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