London midday: Markets lower ahead of non-farm payrolls
7th Jun 2013 11:45
Markets were trading in a cautious fashion on Friday morning ahead of the eagerly-anticipated employment report from the States due out this afternoon. The FTSE 100 finished 1.3% lower on Thursday at 6,336, its lowest level since April 22nd, as the recent pattern of market volatility continued in a
Read moreLondon open: Stocks flat as markets nervously await US jobs data
7th Jun 2013 08:24
After falling to its worst level in over six weeks, London's FTSE 100 opened broadly flat on Friday morning with investors refraining from building positions ahead of the all-important US jobs report due out this afternoon. The Footsie finished 1.3% lower on Thursday at 6,336, its lowest level sinc
Read moreGlencore Xstrata unveils final 2012 dividend currency amounts
5th Jun 2013 07:34
FTSE 100-listed commodities giant Glencore Xstrata has unveiled its determination of the currency amounts applicable for its 2012 final dividend, an update issued by the group on Wednesday has shown. The announcement came following an update issued in May, during which the shareholders of Glencore
Read moreLondon midday: Stocks gain on US stimulus hopes, UK construction data
4th Jun 2013 11:45
Hopes that the US Federal Reserve would delay pulling the plug on stimulus and a surprise return to growth in the UK construction sector gave markets a boost on Tuesday morning, with the FTSE 100 rebounding from a one-month low the day before. London's FTSE 100 fell to 6,525 on Monday, a level not
Read moreChinese bidders eye Glencore Xstrata's Peru copper mines
4th Jun 2013 10:06
Glencore Xstrata's copper mines in Peru are being eyed off by two companies linked to Chinese state-backed groups, Reuters reported Tuesday. Chinalco Mining Corp. International and Hong Kong-listed MMG Ltd are said to be weighing up bids for the Peruvian assets, which are roughly worth $5.0bn. Th
Read moreLondon close: Stocks fall after choppy day on mixed manufacturing data
3rd Jun 2013 17:03
A mixed bag of manufacturing results from across the globe resulted in a weak start to the new month for financial markets, with the FTSE 100 sinking to levels not seen in over four weeks. After a volatile session, the FTSE 100 finished 58 points lower at 6,525. The last time the index finished low
Read moreFTSE 100 movers: ARM drops as competition from Intel intensifies
3rd Jun 2013 14:57
Chip designer ARM Holdings was the worst top-tier performer of the day on Monday after Samsung confirmed that it would use an Intel processor in its new Galaxy tablets, a sharp blow to ARM whose chips had previously powered some of the South Korean firm's devices. ARM investors were shrugging off t
Read moreLondon midday: Losses pared after UK, Eurozone manufacturing data
3rd Jun 2013 11:42
Disappointing factory activity in China prompted sharp falls in early trading on Monday, though losses were pared by lunchtime after some better-than-expected manufacturing figures closer to home. The FTSE 100 sunk to an intraday low of 6,512 early on, falling to levels not seen since the start of
Read moreWSJ names companies reportedly eyeing Rio Tinto's stake in Canadian unit
3rd Jun 2013 11:15
The Wall Street Journal's news website Marketwatch.com has claimed that several companies may be considering making bids for FTSE 100-listed mining giant Rio Tinto's stake in its Canadian unit. Marketwatch claimed that the Canadian iron ore operations of Rio Tinto, Iron Ore Company of Canada, had b
Read moreLondon midday: Miners buoy markets ahead of US GDP
30th May 2013 11:21
The FTSE 100 was making meagre gains on Thursday morning as sentiment remained fragile following the sell-off the day before, with investors taking caution ahead of some key economic indicators. Global economic concerns sent London's top-tier index down 2.0% on Wednesday after the OECD slashed its
Read moreLondon open: Stocks rise after heavy sell-off
30th May 2013 08:27
Markets opened slightly higher on Thursday morning after falling to a two-week low the day before as concerns about the global economy continue to unnerve investors. The FTSE 100 slumped 2.0% on Wednesday after the OECD slashed its global growth estimates and the International Monetary Fund reduced
Read moreLondon close: Markets tumble as stimulus hopes fade
23rd May 2013 16:20
The recent bullish mood on equity markets quickly faded on Thursday as mixed messages from the Federal Reserve and a slowdown in China sparked a heavy sell-off on the FTSE 100, which lost more than two per cent of its value. Answering questions in Congress last night was Fed Chairman Ben Bernanke w
Read moreFTSE 100 movers: United Utilities rises on divi payment
23rd May 2013 15:26
United Utilities was one of a small handful of risers having upped its dividend on the back of what it described as a 'good' set of results, supported by a strong operational performance, which fed through to the quality of service received by its customers. Tate & Lyle climbed after Deutsche Bank
Read moreSector movers: Miners and banks fall as risk appetite wanes
23rd May 2013 15:12
Growth concerns hammered markets across the globe on Thursday, with banking and mining stocks bearing the brunt of the sell-off in London as the impressive year-to-date rally ran out of steam. As such, there were no sectors in the UK in positive territory by the afternoon, with every category eithe
Read moreGlencore Xstrata launches first bond issue as merged company
23rd May 2013 13:32
Glencore Xstrata has launched and priced three- five- and 10-year fixed-rate notes and three- and five-year floating-rate notes in a five billion dollar five-tranche transaction. The transaction covers $1.0bn 1.7% guaranteed notes due May 2016, $1.5bn 2.5% guaranteed notes due January 2019, $1.5bn
Read more