FTSE 100 movers: Mining, property stocks gain as traders 'buy on the dip'
14th Jun 2013 14:25
A calmer session on financial markets prompted decent gains in the mining and property sectors on Friday, as bargain-hunters moved in to 'buy on the dip' after the recent volatility hit both sectors hard. Anglo American, Glencore, Antofagasta, Vedanta and Randgold led the resources sector higher to
Read moreBroker tips: Rolls-Royce, Glencore Xstrata, Great Portland
14th Jun 2013 12:54
Investec has upgraded power-systems giant Rolls-Royce from 'add' to 'buy', saying that profitability is on an upwards trajectory and higher payouts for shareholders could be on the cards. "Rolls-Royce?s long-term and highly visible growth story is understood by the market. However, we argue its pow
Read moreBroker snap: Tradenext sees upside at Glencore Xstrata
14th Jun 2013 12:35
Tradenext has reiterated its 'buy' rating for diversified miner and commodities trader Glencore Xstrata on recent developments in the boardroom and on credit facilities. The company said earlier this week that it would appoint former Morgan Stanley boss John Mack as a Director. Tradenext's Head o
Read moreLondon midday: Stocks slip after EU jobs data
14th Jun 2013 11:47
The upbeat tone seen from markets in early trading on Friday morning didn't last for long, with the FTSE 100 slipping into the red by midday after some gloomy data from Europe. Strong gains on Wall Street last night prompted a decent start in London this morning on expectations that the Federal Res
Read moreLondon open: FTSE 100 tracks US and Asian markets higher early on
14th Jun 2013 08:46
Stocks were registering moderate gains on Friday morning as fears over the Federal Reserve's eventual 'exit strategy' from stimulus were eased overnight. Wall Street benchmarks rose strongly on Thursday on expectations that Fed Chairman Ben Bernanke will attempt to calm markets by pushing back pred
Read moreLondon pre-open: Strong start expected as 'tapering' concerns ease
14th Jun 2013 07:55
Markets are expected to open with decent gains on Friday morning following a rebound on Asian markets overnight as fears about 'tapering' at the Federal Reserve eased. City sources predict the FTSE 100 will open up around 40 points from yesterday's close of 6,305. Fed Chairman Ben Bernanke is exp
Read moreGlencore Xstrata taps banks for more credit
14th Jun 2013 07:12
Glencore Xstrata, the newly merged resources conglomerate, has signed revolving credit facilities worth 17.34bn dollars to support general corporate activity, replacing the previous facilities of the two companies before the merger. The facilities were initially launched at $12bn and closed substan
Read moreLondon open: Stocks flat on fragile market sentiment
12th Jun 2013 09:01
The FTSE 100 was swinging between gains and losses in early trading on Wednesday as traders remained nervous amid the ongoing market volatility that has been seen over the last few weeks. "Persisting fears about impending Federal Reserve tapering of asset purchases together with the Bank of Japan's
Read moreGlencore Xstrata names ex-Morgan Stanley CEO as director
12th Jun 2013 07:54
Newly-merged commodities trader and mining giant Glencore Xstrata has appointed three new senior directors, including the former Chief Executive Officer (CEO) of US banking titan Morgan Stanley. The company said on Wednesday that John Mack, former frontman and Chairman of Morgan Stanley and ex co-C
Read moreLondon close: FTSE 100 down one per cent as volatility continues
11th Jun 2013 16:41
Rising government bond yields, falling commodity prices and an underwhelming statement from the Bank of Japan (BoJ) saw some heavy falls on equity markets on Tuesday. The FTSE 100 closed down 60 points at 6,340, but finished well off its intraday low of 6,283 as US bond yields pared earlier gains.
Read moreFTSE 100 movers: Aberdeen drops as market volatility continues
11th Jun 2013 14:25
Financial and mining stocks bore the brunt of the sell-off on equity indices on Tuesday with Aberdeen Asset Management leading the way lower as it continued to be hit by the wider market volatility, particularly due to the company's large exposure to the emerging markets. Matt Basi, the Head of UK
Read moreLondon midday: Financials, miners pull FTSE 100 to seven-week low
11th Jun 2013 11:23
Falling commodity prices and rising government bond yields resulted in a sell-off on Tuesday morning, as the recent volatility on equity markets continued, sending the FTSE 100 to a seven-week low. The FTSE 100 was trading around the 6,300 markby midday, the first time it has fallen to this level s
Read moreTuesday newspaper round-up: Lloyds, Glencore, G4S...
11th Jun 2013 06:35
An investigation by The Times into Lloyds has shown that contractors at its largest PPI complaint handling unit were "taught how to play the system to the detriment of clients". They allegedly were told to fake PPI information on loan agreements and "turn a blind eye to the risk of fraud", the paper
Read moreLondon close: Markets surge as US data eases 'tapering' fears
7th Jun 2013 17:23
An in-line increase in US non-farm payrolls sparked an impressive surge on equity markets worldwide on Friday afternoon, as worries about the Federal Reserve scaling back its stimulus measures eased, for now at least. London's FTSE 100 finished up 76 points on the day (+1.2%) at 6,412. Nevertheless
Read moreFTSE 100 movers: Severn Trent jumps after LongRiver ups offer
7th Jun 2013 15:33
Severn Trent surged this afternoon after the LongRiver consortium upped its cash offer for the water provider following the rejection of an earlier proposal by the group earlier this week. The consortium has offered 2,200p per Severn Trent share, including the 45.51p dividend announced in May, whi
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