London close: Footsie jumps to six-month high on QE3
14th Sep 2012 16:26
- Footsie closes at highest level since mid-March - Markets celebrate QE3 announcement - Mining stocks surge as demand outlook improves Massive gains in the mining sector lifted the FTSE 100 to a six-month high on Friday as markets reacted to the Federal Reserve announcement of further economic sti
Read moreLondon midday: Mining stocks celebrate QE3
14th Sep 2012 11:48
- Footsie at six-month high after Fed decision - Mining stocks rocket on stimulus plans - Markets' upside momentum to remain in the weeks ahead, says analyst London's stock market continued to extend gains on Friday morning after last night's announcement of more stimulus in the US, pushed the FTSE
Read moreLondon open: Footsie at six-month high after QE3
14th Sep 2012 08:23
- Stocks soar after last night's QE3 announcement - Fed to buy mortgage debt, maintain Operation Twist - Miners, banks surge early on Stock markets across Europe surged in early trading on Friday following last night's stimulus announcement from the Federal Reserve; increased risk appetite was ben
Read moreRio Tinto hoping for exclusivity on Pilbara trains
14th Sep 2012 07:44
Diversified mining group Rio Tinto has welcomed Australia's decision to re-examine allowing third parties on a rail network in the Pilbara region which the miner believes could seriously affect its operations. Rio said in a statement on Friday morning: "The High Court of Australia has held that the
Read moreWednesday tips round-up: Google, Betfair, Rio Tinto
12th Sep 2012 07:06
The FT's Lex column is unequivocally positive on internet search king Google but begins by listing all the negatives. Google doesn't explain whether its various investments in things like mobile and YouTube actually make any money. The firm also has a 43bn-dollar cash mountain 'loafing moronically'
Read moreLondon close: Stocks flat, markets in 'wait and see' mode
10th Sep 2012 16:47
- Investors cautious ahead of pivotal week - Ruling on ESM and FOMC meeting in focus - Miners lead risers on hopes of QE3 London's FTSE 100 index finished just two points lower on Monday afternoon as investors refrained from building positions ahead of a busy week for the markets. The Footsie sta
Read moreSector movers: Miners gain on hopes for further QE
10th Sep 2012 15:28
Mining stocks were performing well on Monday with expectations for further quantitative easing (QE) measures from the Federal Reserve driving gains. UBS said this morning that the outlook for the UK mining sector is improving: "QE triggers a return of capital flows to emerging markets, incentivisin
Read moreLondon midday: Stocks flat ahead of another busy week
10th Sep 2012 11:51
- Markets await German ruling on ESM and FOMC meeting - Trade data in China disappoints - Miners gain on hopes for QE The FTSE 100 was trading within a narrow range on Monday morning, with just 20 points between the intraday high and low, as investors continued to show caution ahead of what's likel
Read moreBroker snap: QE will drive mining equities, says UBS
10th Sep 2012 10:30
The outlook for the UK mining sector is now improving as expectations for quantitative easing (QE) increase, according to UBS on Monday morning. The sector had tough first half, with the average EBITDA (earnings before interest, tax, depreciation and amortisation) of UK diversified miners fall by o
Read moreLondon open: Stocks flat early on despite mining strength
10th Sep 2012 08:28
- Stocks pause after last week's ECB rally - Markets await FOMC meeting - Miners up early on, UBS sees QE boost for sector London's blue-chip index opened broadly flat in early trading on Monday as investors remained nervous ahead of another pivotal week for the global economy. Stocks were given a
Read moreLondon midday: Stocks add to gains on Eurozone hopes
7th Sep 2012 11:38
- FTSE 100 extends rally after ECB news - Eyes on US data later today - Glencore adjourns shareholder meeting, amends merger terms The Footsie was well off its intraday high of 5,807 by Friday lunchtime, but still trading slightly higher following the massive gains made yesterday as the European Ce
Read moreLondon open: Stocks flat, Glencore adjourns shareholder meeting
7th Sep 2012 08:36
- Stocks extend gains after ECB bond-buying plan - ECB buys Europe some time, says analyst - Glencore lower ahead of shareholder vote UK stocks were flat on Friday morning in spite of an impressive performance in the mining sector, as markets were relatively subdued following some massive gains the
Read moreLondon pre-open: Stocks set to fall ahead of ECB meeting
5th Sep 2012 07:29
London's FTSE 100 index is expected to open slightly lower this morning as investors continue to show caution ahead of a pivotal European Central Bank (ECB) monetary policy meeting tomorrow. City sources predict the Footsie will open down around 10 points from yesterday's close of 5,672. Yesterday
Read moreRio Tinto completes sale of Alcan Cable US arm
5th Sep 2012 07:01
Mining giant Rio Tinto has completed the sale of the North American portion of its Alcan Cable business to General Cable. The sale of the wire and cable manufacturer, designer and supplier netted Rio around $151m in cash. The disposal of the North American business as well as an Alcan Cable operati
Read moreLondon close: Miners jump on hopes of central bank action
3rd Sep 2012 16:45
- Central banks in China, US and Europe expected to act - UK manufacturing beats expectations - Fresnillo leads miners higher Stocks markets in the States may have been closed for Labour Day but that didn't stop bourses in Europe from registering decent gains on Monday, with London's Footsie starti
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