London 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
Read moreFTSE 100 movers: Miners dominate risers on Chinese stimulus hopes
3rd Sep 2012 14:17
A strong showing by the miners assured that the Footsie was firmly in the red on Monday afternoon in spite of some steep falls for some heavyweight stocks, such as Glencore, Admiral and ARM Holdings. Disappointing Chinese economic figures, which usually results in a sell-off in the mining sector, h
Read moreLondon midday: Stimulus hopes increase ahead of ECB meeting
3rd Sep 2012 11:29
- ECB to meet Thursday, all eyes on Draghi - Chinese data disappoints, prompts expectations for stimulus - Glencore/Xstrata merger at risk ahead of vote UK stocks were making strong gains on Monday morning with miners leading the way as investors showed optimism that central bankers will act to boo
Read moreLondon close: Bernanke comments send stocks lower
31st Aug 2012 16:33
- Footsie swings into negative territory after Bernanke speech - ECB to be given power to grant banking licences - Miners lead risers by the close Ben Bernanke's keenly watched speech at Jackson Hole sparked some volatility on equity markets in late afternoon trade, sending London's blue-chip index
Read moreBroker snap: BHP to outperform iron ore peers, says Nomura
31st Aug 2012 10:51
Nomura reduced its target prices for a group of iron ore producing stocks on Friday on the back of falling prices but has highlighted BHP Billiton as its sector preference. "In response to falling Chinese steel prices as a result of oversupply concerns and associated aggressive raw material destock
Read moreFriday broker round-up
31st Aug 2012 09:21
Admiral: Nomura raises target from 1,300p to 1,350p, buy rating kept. Anglo American: Nomura cuts target from 2,200p to 2,100p, neutral rating kept. BHP Billiton: Nomura cuts target from 2,100p to 2,000p, buy rating kept. Catlin: Morgan Stanley downgrades to equal weight, target cut from 495p to
Read moreLondon open: Tentative start ahead of Bernanke speech
31st Aug 2012 08:32
- All eyes turn to Bernanke - Mining stocks wanted early on after recent losses - Redrow Chairman makes takeover approach Stock markets across Europe have been rather subdued over the past few days and the opening hour of Friday's session was no different as investors continued to show caution ahea
Read moreFTSE 100 movers: Resources lower on investor caution
30th Aug 2012 15:40
Resources stocks such as Rio Tinto, Kazakhmys, BHP Billiton, Eurasian Natural Resources Corp and Vedanta Resources were registering losses today as risk appetite is scaled back ahead of the pivotal meetings of central bankers over the next week.?? Kazakhmys was particularly under pressure after Je
Read moreLondon open: Markets look to central banks for a boost
30th Aug 2012 08:28
- All eyes on Jackson Hole - Draghi expected to announce something 'big' next week - Miners lower as Footsie experiences third day in the red Miners were once again weighing on the benchmark index in London this morning, as risk appetite continues to be scaled back ahead of some pivotal central ban
Read moreLondon close: Markets nervous ahead of Jackson Hole
29th Aug 2012 16:39
- Stocks look to Jackson Hole summit for a boost - Draghi hints at action ahead of ECB meeting - Glencore leads fallers on growing opposition to merger Global stock markets were mostly trading in the red on Wednesday afternoon in spite an upwards revision to US economic growth as investors showed c
Read moreFTSE 100 movers: G4S down over Olympics contract debacle
28th Aug 2012 15:42
Security giant G4S fell after expressing disappointment over the problems related to its Olympics contract, saying that it will incur a 50m pound loss on the contract in the first half. Meanwhile, the company said that a restructuring of its overhead structure will lead the loss of 1,100 jobs. Never
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