FTSE 100 movers: Barclays wobbles after 'serious failings'
29th Jun 2012 13:45
Following Barclays's 16 per cent drop yesterday after it was found to have manipulated interbank lending rates, shares were swinging between gains and losses today after the Financial Services Authority (FSA) revealed it has found "serious failings" in the way lenders sold complicated interest rate
Read moreLondon midday: Summit developments catch markets by surprise
29th Jun 2012 12:01
- EU leaders announce measures to combat crisis - Spanish, Italian bond yields tumble - Banks involved in another scandal Markets across Europe celebrated this morning what most experts consider to have be surprising 'breakthrough' agreements from the first day of the European Council summit. The
Read moreLondon close: Eurozone uncertainties fuel risk aversion
25th Jun 2012 16:43
- Cautious mood ahead of EU summit - Spain officially asks for EU aid - Shire finishes down 11 per cent on generic competition issues Mining stocks were dragging London's FTSE 100 sharply lower on Monday, as investors sold off 'riskier' assets. However, it was Shire that finished the day as the wor
Read moreSector movers: Miners unwanted as investors flee from risk
25th Jun 2012 15:24
Mining stocks were heavily out of favour on Monday afternoon on the back of risk aversion, as Eurozone uncertainty continues to cloud the outlook for the global economy. Investors are currently waiting anxiously for the European Summit on June 28-29th which will see leaders discuss, and hopefully d
Read moreFTSE 100 movers: Shire dives on rival application
25th Jun 2012 13:59
Shares in pharmaceutical giant Shire tanked after the US Food and Drug Administration approved a rival's application to make a generic version of its attention deficit and hyperactivity disorder (ADHD) drug, Adderall XR. IAG was also out of favour on reports that nationalised Spanish bank Bankia a
Read moreRio Tinto takes to the seas
25th Jun 2012 13:58
Mining giant Rio Tinto said it had begun shipping coal out of Mozambique, starting with 34,000 tonnes of coking coal from its Benga Mine in the Moatize Basin. The first shipment left the Port of Beira today, bound for an Indian steel mill, the firm said. Rio Tinto Energy chief executive Doug Ritch
Read moreLondon open: Shire provides a drag early on
25th Jun 2012 08:23
- Shire tumbles after generic ADHD deal gets approval - Polymetal rises after broker upgrade - Investors look to EU summit Banking and mining stocks were providing a drag in London on Monday morning, as investors showed caution ahead of the EU summit later this week. Trader Jordan Lambert from Spr
Read moreLondon open: Stocks fall on Chinese data, US growth
21st Jun 2012 08:40
- Chinese PMI falls to seven-month low - Fed extends 'the twist', lowers GDP forecast - Miners provide a drag in London Disappointing economic data from China and a downward revision to US growth dented the Footsie in early trading on Thursday, with mining stocks bearing the brunt of the sell-off.
Read moreThursday tips round-up: Weir, Rio Tinto, Liontrust
21st Jun 2012 07:12
The Tempus column in the Times looks at engineering group Weir, whose shares have been in a sharp decline since peaking at 2,200p in February as the market began to doubt its exposure to shale. 'Much of the short-selling was by dealers who were expecting the slowdown in shale to mean these [profit f
Read moreLondon midday: Stocks gain on stimulus hopes
20th Jun 2012 11:31
- Stocks pare losses after MPC minutes - Markets await the Fed decision later today - Aviva, ITV and Sage gain; ex-div stocks drag The Bank of England's (BoE's) vote on maintaining its asset purchase programme proved to be a contentious issue last month and the news provided a boost to stock market
Read moreLondon open: Markets cautious ahead the Fed decision
20th Jun 2012 08:43
- Eyes on the MPC, Greece and FOMC - Ex-div stocks dampen Footsie - ITV gains on bid rumours The Footsie slight lower on Wednesday morning with investors showing caution ahead of what is likely to be a busy day on the macro-economic front; all eyes will be on the Bank of England (BoE), Greek leader
Read moreRio Tinto puts its money on iron
20th Jun 2012 07:09
Rio Tinto is banking on strong demand continuing from China as it announced it is investing billions in two iron ore operations. The mining giant is investing $4.2bn in expanding operations in Western Australia and Guinea. The lion's share - $3.7bn - will go into the Australian Pilbara operation,
Read moreFTSE 100 movers: Whitbread pushes FTSE higher
19th Jun 2012 15:40
Forecast-beating like-for-like (LFL) sales growth in its first quarter saw shares of Whitbread jump during Tuesday's session. The Premier Inn and Costa Coffee owner reported that LFL sales increased by 4.5%, better than expectations of a 3.0% improvement. Engineering group Weir was also making imp
Read moreRio Tinto extends life of Utah mine
19th Jun 2012 14:17
The life of Rio Tinto's Kennecott Utah Copper Bingham Canyon mine in Salt Lake City is to be extended by 11 years as the diversified miner injects more funding into the project. The company announced on Tuesday afternoon that it would invest $660m over the next seven years to increase the life of t
Read moreTuesday broker round-up
19th Jun 2012 08:16
APR Energy: UBS slashes target from 860p to 690p, sell rating unchanged. BHP Billiton: Jefferies keeps buy rating. Bumi: JP Morgan Cazenove initiates coverage with buy rating and 520p target. Computacenter: UBS cuts target from 530p to 465p, buy recommendation kept. Dixons Retail: Bank of Americ
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