London midday: Footsie builds on gains
2nd Nov 2010 12:15
Footsie has built on its earlier gains as investors react positively to updates. Beleaguered oil giant BP comfortably beat third quarter profit forecasts though it has had to take an additional $7.7bn charge in respect of the Gulf of Mexico oil spill. The market had been expecting underlying net in
Read moreLondon open: Big guns lift Footsie
2nd Nov 2010 08:55
Results from the big guns reporting this morning have generally been favourable, helping Footsie to notch up decent gains so far. Beleaguered oil giant BP comfortably beat third quarter profit forecasts though it has had to take an additional $7.7bn charge in respect of the Gulf of Mexico oil spill
Read moreLloyds on track despite 'subdued' loan demand
2nd Nov 2010 07:05
Better margins at its core banking business and bad debts under control kept state-controlled bank Lloyds' recovery on track over the past three months, despite 'subdued' loan demand. "We continue to monitor the economic environment carefully but notwithstanding this we are pleased to be reporting
Read moreLondon pre-open: Big guns overshoot targets
2nd Nov 2010 07:02
Results from the big guns reporting this morning have generally been favourable, but the Footsie is still tipped to open a few points lower, with traders reluctant to over commit ahead of today's US mid-term elections, not to mention the big decisions on quantitative easing from the Bank of England
Read moreLondon close: US breathes life back into Footsie
1st Nov 2010 16:42
A good early performance from Wall Street helped Footsie snap out of a weak spell to close in positive territory. US shares were boosted by a bigger than expected rise in factory output in October. The Institute for Supply Management's manufacturing index rose to 56.9 last month. Analysts thought
Read moreLondon afternoon: Banks and miners lead advance
1st Nov 2010 15:14
Footsie pulled out of its late morning slump over the lunch time session to move firmly back into positive territory, though investors are still reluctant to commit too heavily ahead of tomorrow's mid-term US elections, and the quantitative easing decisions expected this week from the Bank of Englan
Read moreLondon midday: Footsie subdued after buoyant start
1st Nov 2010 12:02
Footsie has failed to rediscover its early-morning buoyancy and sits in the blue by a few points. Among the laggards is Serco. The company, which carries out work for the government such as operating prisons and London's Docklands Light Railway, has taken a knock after it was forced to make a grove
Read moreLondon open: Footsie charges higher
1st Nov 2010 08:32
High demand for banks and miners got the week off to a good start, offsetting weakness in the outsourcing sector. Banks are going well as trading updates loom. Lloyds Banking Group is getting ready for tomorrow's statement with a 2% jump, while Royal Bank of Scotland and HSBC are also making up gr
Read moreLondon close: Bad day ends badly
27th Oct 2010 16:12
London ended the day heavily in the red as a triple-digit fall on Wall Street knocked an attempted rally by Footsie firmly on the head. Reports suggesting that any new stimulus in the US will be smaller than expected hit the miners with Kazakhmys, Xstrata and Rio Tinto the worst performers. Britis
Read moreFTSE 100 movers: Gold price fall pushes miners lower
27th Oct 2010 14:14
Miners are leading the Footsie lower. Gold is falling in price because of fears that the US Federal Reserve's much anticipated monetary easing programme will be less substantial than expected. That is also pushing the dollar higher. Kazakhmys, Xstrata and Vedanta Resources are the biggest faller
Read moreLondon close: Footsie struggles
26th Oct 2010 16:24
Investors pocketed gains after an impressive autumn rally, though the decision was made easier by some disappointing corporate news, weak miners and negative broker comment on the insurance sector. The top 100 index fell back sharply from six-month highs, dropping below 5,680 at one point although
Read moreLondon afternoon: Bleak mid-winter for Cairn
26th Oct 2010 14:27
With Wall Street tipped to open lower London's leading shares fell back further over the lunch time period, resulting in the Footsie subsiding below 5700. Cairn Energy tops the list of fallers after it failed to find a commercial discovery at either the T8-1 or T4-1 wells offshore Greenland. The c
Read moreLondon midday: UK growth cuts little ice
26th Oct 2010 12:08
Better than expected UK third quarter growth has cut little ice with investors this morning, who are firmly focused on weak miners, negative corporate news and broker downgrades. Britain's economy grew twice as fast as expected in the three months to September, according to preliminary estimates by
Read moreLondon open: Light selling hits Footsie
26th Oct 2010 08:43
Footsie has run into light selling as the earnings season hits a brief lull before the heavyweights start to appear at the end of the week. The boom in mobile devices using ARM Holdings' intellectual property was largely responsible for a sharp rise in the chip designer's third quarter profits. Rev
Read moreLondon close: Miners keep Footsie in the blue
25th Oct 2010 17:04
Were it not for the strength of miners today Footsie would undoubtedly have ended in the red, as many share prices experienced a late swoon. Miners were wanted on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end
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