London open: FTSE 100 on track for third consecutive fall
16th Apr 2013 08:23
Mining stocks were making moderate gains on Tuesday morning, attempting to recover after the heavy sell-off the day before, but the FTSE 100 still opened in the red, on track for its third straight day of losses. Markets were on the cautious side this morning as investors awoke to the news of fatal
Read moreLondon close: Stocks, commodities drop after Chinese slowdown
15th Apr 2013 17:04
Worries surrounding the global economy hammered equities worldwide on Monday after disappointing growth figures from China sparked a sell-off across commodity markets and the mining sector. A better-than-expected first-quarter earnings report from US bellwether Citigroup did little to lift sentimen
Read moreSector movers: Miners fall sharply as Chinese growth disappoints
15th Apr 2013 16:05
Mining stocks were tracking commodity prices sharply lower on Monday afternoon as a disappointing reading of Chinese economic growth dampened the demand for 'riskier' assets. As such, defensive sectors were at the top of the pile: stocks that are expected to hold up relatively well during tough eco
Read moreLondon midday: Chinese slowdown sinks miners and commodity prices
15th Apr 2013 11:21
A sell-off in the mining sector pulled the FTSE 100 over one per cent lower on Monday morning as disappointing growth figures from China and downgraded gold-price targets weighed on markets. China's first-quarter gross domestic product (GDP) growth dropped from 7.9% in the prior quarter to 7.7%, wh
Read moreFTSE 100 movers: M&S rises on better-than-expected performance
11th Apr 2013 14:58
Marks & Spencer rose into the top spot on the back of strong food sales during its fourth quarter, and despite a fall in clothing sales. Overall, the period delivered a better-than-expected performance, prompting Investec to say its sees a 'glimmer of hope'. Schroders got a boost from sector peer
Read moreLondon close: Resource-heavy FTSE 100 lifted by slowing Chinese inflation
9th Apr 2013 16:37
Slowing inflation in China and a strong start to the US earnings season by Alcoa boosted the UK's resource-heavy FTSE 100 stock index on Tuesday, with miners leading the surge. Meanwhile, a raft of upbeat economic data from closer to the home lifted sentiment in the UK today, including better-than-
Read moreSector movers: Miners gain as Chinese inflation slows
9th Apr 2013 15:42
Mining stocks were the best performers in London on Tuesday on the back of inflation data from China, which showed that price rises had slowed dramatically in March. Chinese consumer-price inflation slowed to a 2.1% annual rate in March, down from 3.2% in February when prices soared on the back of
Read moreFTSE 100 movers: Miners get boost from Alcoa and Chinese inflation
9th Apr 2013 14:31
Strong results from mining heavyweight Alcoa and slowing inflation in China were lifting resource stocks in London today, with ENRC, Vedanta, Rio Tinto, EVRAZ and Anglo American all making strong gains. The latter's shares were also lifted after the miner reported it would produce three per cent m
Read moreFTSE 100 movers: Miners lead the risers
4th Apr 2013 15:36
Mining companies were on the rise after Tradenext highlighted opportunities for potential upside in the sector following the sell-off in recent weeks, though these opportunities are high risk, the broker warned. AMEC, the consultancy, engineering and project management outfit, was higher after rep
Read moreFTSE 100 movers: Vedanta rises on appeal decision
3rd Apr 2013 14:45
Vedanta made strong gains on Wednesday, as investors welcomed the decision by India to grant the company an appeal over the closure of its copper smelter in Tuticorin, Tamil Nadu. Wood Group was rising on reports it has been awarded a contract worth $1.6m from a Chinese petrochemical plant. The or
Read moreSector movers: Miners track metals lower as Credit Suisse cuts price forecasts
3rd Apr 2013 13:48
With the exception of Vedanta Resources, mining stocks were sold off across the board on Wednesday as metals prices came under pressure. Weak manufacturing data from the US, Europe and the UK this week sent both silver and copper prices to eight-month lows today. EVRAZ, ENRC, Fresnillo, Glencore
Read moreLondon midday: Stocks rise, M&A speculation boosts Vodafone
2nd Apr 2013 11:36
The FTSE 100 had gained one per cent by Tuesday lunchtime as traders made up for lost time following a long four-day weekend for the Easter holidays. Telecoms giant Vodafone was leading the risers on London's benchmark index on the back of speculation that it could be involved in the biggest M&A d
Read moreLondon open: Markets rise after long weekend, Vodafone provides a lift
2nd Apr 2013 08:33
UK stocks began Tuesday's session with solid gains after the long Easter weekend with the focus once again turning to Cyprus ahead of meetings with the Troika this week. Even though Cyprus has already been granted an extension from 2016 to 2017 to achieve a primary budget surplus, government spoke
Read moreLondon pre-open: FTSE to start week lower
2nd Apr 2013 07:29
City sources predict the FTSE 100 will open down 15 points from Thursday's close of 6,412, returning after the long bank holiday weekend. Overnight, both US and Asian markets moved lower, with the former dropping on the back of a worse-than-expected reading of American manufacturing dampened senti
Read more'Glenstrata' pushes back merger, but talks with China in 'final stages'
2nd Apr 2013 07:10
Commodities producer and marketer Glencore has once again pushed back the deadline to merge with diversified mining group Xstrata. The companies are awaiting the approval of their multibillion-pound merger from China and had expected this to be received by April 16th, after having pushed back the l
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