FTSE 100 movers: Miners recover after yesterday's sell-off
24th Jun 2011 14:40
Miners, on the whole, are wanted, recovering from the broad sector sell-off experienced on Thursday. Blue chips Antofagasta, Xstrata, ENRC, Rio Tinto, BHP Billiton and Randgold Resources are among the big gainers. Rolls-Royce is a high riser after it secured - along with Daimler - full control of
Read moreLondon close: Footsie finishes well below 5,700
23rd Jun 2011 16:39
The Footsie steadily declined to finish below the 5,700 level on Thursday after last night's message from the Federal Reserve which highlighted its caution over the economic recovery in the US. While also cutting his forecasts for US growth, Fed chairman Ben Bernanke signalled the end of its second
Read moreFTSE 100 movers: Miners unwanted as metals prices drop
23rd Jun 2011 16:14
Miners dominated the fallers of the FTSE 100 on Thursday afternoon as commodity prices took a tumble. Vedanta Resources, ENRC, Kazakhmys and Xstrata are among the top ten worst performers, tracking copper, gold and silver futures lower. Just five stocks are making gains, British Sky Broadcasting b
Read moreFSA admits regulatory deficiency in RBS report
23rd Jun 2011 10:12
Lord Adair Turner, the chairman of the Financial Services Authority, has said at the watchdog's annual general meeting that a report concerning the failure of the Royal Bank of Scotland (RBS) will be released later this year. Turner revealed details of the investigation which admit that the regulat
Read moreThursday newspaper round-up: People's bank, LSE, Debenhams
23rd Jun 2011 06:47
Every adult in Britain could be given RBS and Lloyds shares worth hundreds of pounds under plans being considered by the Treasury to create a "people's banking system", Nick Clegg revealed yesterday. The Deputy Prime Minister has written to George Osborne, the Chancellor, to ask him to look at propo
Read moreLondon close: Stocks end flat ahead of Fed statement
22nd Jun 2011 16:44
After a poor start, the Footsie was pulled into positive territory for a brief moment but ended flat ahead of the Federal Reserve's decision over the interest rate and a possible QE3. Expectations are for the rate-setting committee to announce few changes, but one never knows for sure. There is now
Read moreSector movers: Speculation of Comet sale boosts retailers
22nd Jun 2011 16:06
The general retail category was among the best performing sectors on Wednesday afternoon, with FTSE 250-peers Kesa Electricals and Dixons Retail providing a lift. Weak trading at its UK chain Comet held back sales at Kesa Electricals in the year to 30 April, the firm said today, adding that trading
Read moreLondon close: Greek concerns weigh on financials
20th Jun 2011 16:43
The Footsie finished moderately lower on Monday afternoon as Greek debt crisis dragged on. Financials were among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the c
Read moreFTSE 100 movers: RBS leads financials lower
20th Jun 2011 16:01
Financials are among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the country. RBS, Man Group, Hargreaves Lansdown and Schroders were the worst four performers as o
Read moreLondon open: Stocks fall back again
20th Jun 2011 08:24
The top share index has started the week on the decline as the Greek debt crisis continues to rumble on. Eurozone ministers have postponed their decision on a €12bn (£10bn) loan to the indebted Mediterranean nation until it passes more austerity measures. Miners and financial stocks are dragging t
Read moreLondon close: Miners dominate fallers as global worries continue
16th Jun 2011 16:45
Global growth worries dampened the markets on Thursday as all but a few constituents on the FTSE 100 finished in the red. While the Footsie edged higher in the late afternoon, it still closed under the 5,700 level, a level not seen since mid-March. FTSE 100 closed down 44 at 5,699. A lack of clarit
Read moreLondon close: Glencore drags Footsie 1% lower
15th Jun 2011 16:39
The blue chip index slipped further into the red on the back of a poor start on Wall Street as economic data disappointed. US May consumer price index came in ahead of forecasts, rising 0.2%. While the Federal Reserve Bank of New York manufacturing sector index fell to a reading of -7.79, from 11.9
Read moreFTSE 100 movers: Glenore dismisses rumours, shares drop
15th Jun 2011 14:08
Glencore is the worst performing stock on the blue chip index as of Wednesday afternoon. In a brief statement in response to press speculation, the commodities trader stated that it is not actively considering an offer for Kazakh mining company Eurasian Natural Resources Corporation (ENRC). The offi
Read moreBritish banks face ring-fence between retail and investment arms
15th Jun 2011 10:36
British banks are to be forced to ring-fence their retail and investment operations. The idea is to protect high street bank customers losing their savings if investment bankers suffer heavy losses, as they did during the financial crisis of 2008. The Chancellor of the Exchequer, George Osborne, i
Read moreLondon close: Footsie finishes close to daily highs
14th Jun 2011 16:29
London was given an extra lift in the afternoon as markets on Wall Street opened strongly. Also helping sentiment was some reassuring economic figures from China. Chinese industrial production rose by 13.3% in May, assuaging some observers' fears that economic expansion in the fast-growing country c
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