London open: Stocks rise after upbeat China data
2nd Apr 2012 08:26
- Miners wanted after Chinese PMI reaches 11-month high - RBS to dish out dosh to preference shareholders - LSE acquisition of LCH.Clearnet passes milestone UK stocks opened with decent gains on Monday morning as miners rose on the back of some better-than-expected manufacturing data from China.
Read moreGlaxo hails 'important milestone' for HIV drug
2nd Apr 2012 07:04
Drugs giant GlaxoSmithKline has reported positive results from an initial study into its development of a drug for HIV treatment. ViiV Healthcare, a global HIV firm established by Glaxo and Pfizer, and Shionogi & Co announced this morning that the SPRING-2 (ING113086) - the Phase III study of the i
Read moreFTSE 100 movers: Investors turn to defensive stocks following GDP data
28th Mar 2012 13:52
Investors appeared to be shifting their money into defensive sectors, such as pharmaceuticals and utilities, putting drugs giants GlaxoSmithKline and Shire in demand, joined by energy firm International Power and National Grid. Investor sentiment was hit by the news that the UK economy did worse i
Read moreLondon midday: Stocks slip after UK GDP data
28th Mar 2012 11:36
- UK Q4 GDP weaker than first thought - RSA leads ex-div stocks lower - Defensives in demand The FTSE 100 swung between gains and losses during the morning session in London as stocks reacted to some worse-than-expected economic data. The UK economy did worse in the last three months of 2011 than
Read moreLondon midday: German Ifo survey lifts the mood
26th Mar 2012 11:37
- Germany's IFO index rises for fifth straight month - Concerns about Spain still on investors' minds - Aberdeen leads rise on FTSE 100, Ophir surges on FTSE 250 UK stocks managed to extend gains by Monday lunchtime after a confidence survey from Germany rose to a seven-month high. Germany's Ifo b
Read moreLondon open: Eurozone worries hold back stocks
26th Mar 2012 08:30
- European markets cautious, Spanish index drops - Germany may back an increased firewall - Abderdeen advances after pre-close trading update Stocks edged higher on Monday morning, but gains were only moderate as concerns over Europe weighed on sentiment. The STOXX Europe 600 Index lost a total o
Read moreLondon close: Stocks slump on global manufacturing data
22nd Mar 2012 16:57
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks After a steep fall early on, London's blue chips traded broadly sideways for the remainder of the day as gloomy economic data weighed on senti
Read moreLondon midday: Macro data weighs on stocks
22nd Mar 2012 11:43
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks The Footsie was firmly lower by lunchtime as a result of heavy losses in the mining sector on the back of some gloomy economic data from China.
Read moreLondon open: Stocks slump on Chinese manufacturing data
22nd Mar 2012 08:33
- Chinese data dampens sentiment - Randgold plummets on Malian troubles - Broker downgrades weigh on AMEC, REIT stocks The Footsie sank in early trading on Thursday with the miners providing a drag after the release of more disappointing economic data from China. Chinese factory activity register
Read moreGlaxo to create 1,000 jobs in the UK
22nd Mar 2012 08:14
Pharmaceuticals titan GlaxoSmithKline has confirmed that it will invest half a billion pounds in the UK to build a new factory and create 1,000 new jobs, following yesterday's Budget. "This is excellent news, a major investment that will create many highly skilled jobs and provide a great boost to
Read moreMoody's: Pharma firms' ratings could be under pressure
14th Mar 2012 14:36
Ratings agency Moody's has announced that certain European pharmaceuticals companies' ratings could be pressured by resumed share buy-backs. Four of the largest pharma groups, namely AstraZeneca, GlaxoSmithSkline (GSK), Novartis and Sanofi, could all be at risk after they re-started share buy-back
Read moreLondon open: Stocks fall ahead of Greek debt-swap
6th Mar 2012 08:33
- IIF warns of 1trn euro damage to Eurozone. - Fresnillo bucks sector trend to rise after results. - Defensives in demand. With just a couple days to go before the Greek debt-swap deadline, investors were in a cautious mood as the Footsie slipped lower in early trading on Tuesday. Europe is awaiti
Read moreSector movers: Miners tumble on Chinese demand worries
5th Mar 2012 16:12
China's decision to lower its forecast for growth in 2012 knocked resource companies from the off today, with mining stocks being down an average 3.42 percent in afternoon trade. Wen Jiabao, the Premier of the world's second-largest economy, revealed that the country had reduced its gross domestic
Read moreLondon midday: Eurozone concerns continue to weigh on stock
2nd Mar 2012 11:50
- Eurogroup releases 58bn euros but delays full Greek bailout. - Banks park record amount in ECB overnight. - International Power rises on Indonesian deal. - Goldman upgrades banks, utilities. The FTSE 100 was still trading slightly lower by lunchtime, with all eyes on the Eurozone. European leade
Read moreLondon open: Footsie flat after Eurogroup delays full Greek bailout
2nd Mar 2012 08:33
- Eurogroup releases 58bn euros but delays full Greek bailout. - ECB 'reasonably satisfied' with LTRO - International Power rises on Indonesian deal. The Footsie opened flat in early trading on Friday on news that European leaders have delayed the decision to fully bail out Greece for another 10 da
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