London close: Spain in focus after bailout rumours
8th Jun 2012 16:37
- Spanish bailout could be on the cards - Fitch downgrades Spain to BBB - Investors look ahead of Chinese data this weekend Rumours about an imminent recapitalisation of Spain's banking sector and concerns over global growth were doing the rounds on Friday, yet the Footsie still managed to pare los
Read moreFTSE 100 movers: Miners fall as investors reach for utilities
8th Jun 2012 14:55
Metals prices were retreating throughout Friday's session, pressuring mining stock lower. Vedanta, Kazakhmys, Antofagasta, Xstrata, Rio Tinto, Glencore and ENRC were among the worst performers. A stronger dollar was making greenback-denominated commodities more expensive early on, with crude prices
Read moreLondon midday: Stocks weighed down by Spain, Bernanke
8th Jun 2012 11:40
- Spain downgraded by Fitch - Bernanke comments weigh on markets - Investors nervous ahead of Chinese data this weekend - Spain denies rumours of imminent bank bail-out petition Blue chips were off their intraday lows but still firmly in the red by Friday lunchtime as concerns over Spain continued
Read moreLondon open: Spanish downgrade dents stocks early on
8th Jun 2012 08:27
- Fitch downgrades Spain to BBB - Bernanke warns of risks to US economy - Lamprell tanks after profit warning London's FTSE 100 index dropped into the red in early trading on Friday after Spain's credit rating was downgraded last night, exacerbating concerns about the country's troubled banking sec
Read moreLondon close: Stocks gain with central banks in the spotlight
7th Jun 2012 16:53
- Gains trimmed after Bernanke comments - China surprises with rate cut - BoE maintains rates and QE The FTSE 100 made impressive gains on Thursday with all eyes on the central banks, though comments from Ben Bernanke knocked the blue-chip index off its intraday high in afternoon trade. The Bank o
Read moreLondon 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
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