FTSE 100 movers: Miners down on Japanese data
22nd Aug 2012 14:32
Metals and mining stocks dropped today after Japanese trade data disappointed, weighed on the outlook for demand. BHP Billiton fell after saying that weakness in commodity markets and industry-wide cost pressures resulted in earnings declining in the first half. The group also decided against spen
Read moreMiners at two more South African platinum sites make pay demands
22nd Aug 2012 14:04
Workers at two further platinum mines in South Africa are demanding pay rises, just days after an industrial dispute at Lonmin's Marikana mine turned violent, leaving over 30 people dead. Rock drill operators at Royal Bafokeng's BRPM mine went on strike on Tuesday night, with nobody reporting for w
Read moreLondon midday: Footsie drops one per cent as miners fall
22nd Aug 2012 12:01
- Greece to request two more years - Japanese trade deficit concerns miners - BHP sees earnings fall in the first half London's FTSE 100 was trading a whole per cent lower by Wednesday lunchtime as markets focused on concerns about Greece and some gloomy economy data from Japan. "Traders' profit h
Read moreLondon open: Japanese data dents the miners
22nd Aug 2012 08:30
- Japan swings to massive trade deficit - Greece to ask officials for more time - BHP and the miners fall steeply early on Following a strong rise for mining stocks on Tuesday, the sector was providing a drag in London this morning after gloomy economic data from Japan dampened sentiment and scale
Read moreFTSE 100 movers: Xstrata leads decliners on benchmark index
20th Aug 2012 13:31
Mining giant Xstrata was leading the decline on the Footsie on Monday after reports that Qatar Holding had raised its stake in the firm, adding to speculation that the investment fund is attempting to build its stake to block the proposed merger with Glencore International. The Qataris are demanding
Read moreLondon midday: Stocks slip as Germany dampens the mood
20th Aug 2012 11:50
- Bundesbank reiterates criticism of ECB bond-buying - ECB considering caps on bond spreads - Xstrata down on concern over Glencore merger After swinging between gains and losses for most of the morning session, the FTSE 100 was trading in the red by Monday lunchtime after Germany's Bundesbank quas
Read moreSector movers: Laird lifts electronics stocks higher
17th Aug 2012 16:12
Electronic and electrical equipment companies were in demand on Friday afternoon with Laird leading the way after a broker upgrade. Laird, whose solutions protect electronic devices from electromagnetic interference and heat, and enable connectivity through wireless applications and antennae system
Read moreFTSE 100 movers: Banks rise on Eurozone outlook
17th Aug 2012 15:35
Barclays, Royal Bank of Scotland and Lloyds were in demand today as banking stocks across Europe made gains on improving developments in the Eurozone, boosted by comments from German Chancellor Angela Merkel which expressed strong support for the 'save the euro at any cost' stance of European Centra
Read moreLondon pre-open: FTSE to track US stocks higher
17th Aug 2012 07:31
City sources predict the FTSE 100 will open up 14 points from yesterday's close of 5,835, tracking gains seen in the US and Asia over night. Investor sentiment was given a boost by comments from German Chancellor Angela Merkel, who said Germany was committed to doing everything within its power to r
Read moreRio Tinto taps US bonds market
17th Aug 2012 07:11
Mining giant Rio Tinto is to tap the US bond market with three fixed-rate bond issues due to mature in five, 10 and 30 years, respectively. Rio Tinto is seeking to raise $3.0bn through the issue of bonds with a weighted average coupon of 2.67% and a weighted average maturity of 12.9 years. The off
Read moreSector movers: ENRC leads miners lower after profits drop
15th Aug 2012 15:48
Heavy falls for Eurasian Natural Resources Corp (ENRC) and a host of heavyweight resource stocks saw the mining sector fall to bottom of the pile on Wednesday. Diversified mining giant ENRC was trading over 8% lower in afternoon trade after reporting that it was hit by a fall in commodity prices an
Read moreFTSE 100 movers: ENRC profits slide
15th Aug 2012 13:59
Diversified mining giant Eurasian Natural Resources Corp (ENRC) dropped into the bottom spot after being hit by a fall in commodity prices and challenging economic conditions in the first half, meaning that both revenues and profits were significantly lower than the same period in 2011. The group sl
Read moreLondon midday: Footsie stays lower despite jobless data
15th Aug 2012 11:38
- MPC in wait-and-see mode - UK jobless rates falls more than expected - StanChart, Resolution lead the risers UK equities were stuck in the red by Wednesday lunchtime as minutes from the latest rate-setting meeting at the Bank of England dampened expectations that the Monetary Policy Committee (MP
Read moreLondon open: Tobacco stocks provide a drag early on
15th Aug 2012 08:28
- Greece to ask for more time - Markets await MPC minutes - Tobacco stocks fall on Australian plain packaging issue UK stocks slipped on Wednesday morning on the back of concerns over Greece and ahead of a keenly awaited report on US industrial output; tobacco companies were leading the decline in
Read moreLondon close: Stocks finish higher after late rally
8th Aug 2012 16:45
After an early fall, London's benchmark index rallied in afternoon trade to finish a few points higher, extending gains from the previous three sessions. The last time the FTSE 100 finished higher was on April 2nd when it hit 5,875. "Stocks and other risky assets have traded higher since Friday. C
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