London close: Stocks drop on Spanish worries
30th May 2012 16:32
- Spain in focus, bond yields surge - Eurozone economic sentiment slips - Miners fall on euro, Chinese concerns London's blue-chip index closed near its intraday low on Wednesday as ongoing concerns over the Eurozone, and particularly Spain, sank global equity markets. "Spain has taken centre sta
Read moreFTSE 100 movers: Severn Trent leads the risers after special dividend
30th May 2012 14:48
Utility provider Severn Trent was leading way higher despite pre-tax profits falling 38% in the year to the end of March. The group announced a special dividend and said it forecast no water restrictions for customers this year. Meanwhile, several stocks were falling after going ex-dividend - trad
Read moreLondon midday: Surging Eurozone bond yields dent stocks
30th May 2012 11:31
- Bankia and Spain continue to weigh on sentiment - ECB denies interference - Chinese stimulus hopes fade Rising bond yields in the Eurozone periphery and fading hopes of further Chinese stimulus were weighing heavily on European stock markets on Wednesday; resources stocks and banks were heavy fal
Read moreFTSE 100 movers: Wolseley leads the way lower as growth slows
29th May 2012 14:42
Leading the fallers was plumbers' merchant Wolseley which saw like-for-like growth slow down in its fiscal third quarter as it runs up against tougher comparatives from last year. Banking groups were also providing a drag in London with heavyweight constituents RBS, Lloyds, and Standard Chartered
Read moreLondon midday: Gains erased as Spain dents sentiment
29th May 2012 11:37
- Spanish concerns weigh on European markets - Earlier optimism surrounding China outweighed by euro worries - Banks slip into the red, miners trim gains Miners had pared their gains by Tuesday lunchtime, meaning that the Footsie had slipped back to where it had started, as Eurozone concerns outwei
Read moreLondon open: Miners jump on Chinese growth hopes
29th May 2012 08:25
- Chinese stimulus hopes boost miners - Wolseley drops after third-quarter update - Greek banks receive liquidity injection Just a couple of stocks on the FTSE 100 were in the red in early trading on Tuesday, as the blue chip index jumped on the back of Chinese stimulus hopes. Markets across Europ
Read moreLondon close: Gains erased as Spanish yields advance
28th May 2012 17:02
- Gains trimmed by the end of trade - Newsflow improves in Greece; New Democracy support increases - Spanish concerns weigh on sentiment London blue chips finished broadly flat on Monday as the initial optimism surrounding the Greek elections was outweighed in afternoon trade by ongoing concerns ab
Read moreFTSE 100 movers: Miners rise but IAG flying low
28th May 2012 15:28
Copper miners Rio Tinto, Xstrata and Antofagasta were tracking copper prices higher on the back of falling stockpiles in China and favourable comments by Citigroup. Citi analyst Heath Jansen this morning adjusted his short-term view on the copper industry from bearish to neutral. Outsourcing group
Read moreLondon midday: Financials, miners lift Footsie higher
28th May 2012 11:43
- Support for New Democracy increases - Financials, miners advance in morning trade - Some European, US markets closed today Reports of rising popularity for Greece's New Democracy party were giving a lift to London's FTSE 100 on Monday morning as fears over an exit from the Eurozone eased. Sever
Read moreLondon open: Stocks rise on Greek hopes
28th May 2012 09:00
- Support for New Democracy increases - Some European, US markets closed today - Miners gain on increased risk appetite London's blue-chip index advanced in early trading on Monday as sentiment improved on the back of the polls in Greece which showed that the pro-bailout party was in the lead. Sev
Read moreBroker snap: Nomura cuts coal price estimates, slashes Bumi target
25th May 2012 10:56
Nomura has cut its target price for FTSE 250 miner Bumi by 140p after reviewing the impact of lower estimated prices on the Australian coal industry. "In the near term, the risk is that coal growth projects are pushed back, as the majors can afford to be more disciplined. Ultimately, this could lea
Read moreLondon close: Stocks sink on Greek exit speculation
23rd May 2012 16:39
- Officials warn Eurozone to prepare for Greek exit - BoE policy makers 'finely balanced' on more QE - CBO warns of US recession The FTSE 100 sunk to its lowest levels of the day by the end of trade on Wednesday as investors looked ahead to this evening's EU summit with caution as speculation incre
Read moreFTSE 100 movers: Miners dragging index down
23rd May 2012 15:46
The blue-chip miners were dominating the fallers list on the Footsie by midday as metals prices dropped on concerns that the Chinese economy may be affected greatly by Greece leaving the euro: investment bank China International Capital Corp said today that the world's second-largest economy could s
Read moreRio Tinto increases support for Ivanhoe Mines
23rd May 2012 14:23
Rio Tinto and Ivanhoe Mines have amended some of the terms of their recently agreed memorandum regarding a funding packing for Ivanhoe. Rio has confirmed that it will take up its full basic subscription privilege under the $1.8bn rights offering relating to its 51% shareholding in Ivanhoe. The mi
Read moreLondon midday: Triple-digit losses for the Footsie
23rd May 2012 11:30
- Papademos says preparations being made for Greek exit - CBO warns of US recession - Chinese growth to be hampered if Greece leaves euro London blue-chip index was registering steep losses on Wednesday as gains from the last two days were almost completely erased ahead of the EU summit this evenin
Read more