London open: Stocks drop ahead of EU summit
23rd May 2012 08:33
- Risk aversion ahead of EU summit - Papademos warns of 'catastrophic' effects - Burberry sinks after full-year results The Footsie sank in early trading on Wednesday as investors showed caution ahead of an eagerly-awaited EU summit later on this evening. Weighing on sentiment early on were commen
Read moreLondon close: Financials, miners benefit from increase risk appetite
22nd May 2012 16:47
-Risk-on as miners and financials advance -Eurobonds in focus ahead of EU summit -OECD cuts Eurozone GDP forecast The FTSE 100 surged to its highest levels of the day on Tuesday as increased risk appetite bolstered gains for financial and mining stocks. Investors were looking ahead to tomorrow's EU
Read moreSector movers: Miners gain on Chinese stimulus hopes
22nd May 2012 16:01
Real estate investment trust (REIT) peers Land Securities and Hammerson dragging the REIT sector lower on Tuesday as investors built positions in 'riskier' assets, like mining stocks. Miners were among the stocks that bore the brunt of the Eurozone-fuelled sell-off last week, causing shares to rebo
Read moreLondon midday: Stocks rise ahead of EU summit
22nd May 2012 12:00
- Miners wanted on Chinese stimulus speculation - Fitch downgrades Japanese rating - Markets await EU summit tomorrow, OECD backs eurobonds The FTSE 100 held on to its earlier gains by Tuesday lunchtime as investors look ahead to tomorrow's EU summit with optimism, as pressure builds on Eurozone l
Read moreBroker tips: Aviva, ICAP, Miners
17th May 2012 11:07
Nomura has reiterated its buy recommendation and 600p target price for insurance group Aviva following its first-quarter results, saying that solvency ratios are stable and sales are solid. "We believe that its focus will be on improving the capital strength of the group which is below its peer gro
Read moreBroker snap: Jefferies cuts targets across the mining sector
17th May 2012 10:41
Jefferies has reduced its target prices for miners under its coverage by around a tenth on average as macroeconomic concerns have increased in recent weeks. "Mining shares have recently underperformed commodities and the broader equity markets. We attribute this underperformance to several factors,
Read moreLondon open: Footsie at lowest levels since mid-December
16th May 2012 09:04
- Greek concerns dent Footsie again - Glencore, Sainsbury fall after going ex-dividend - Lamprell tanks on FTSE 250 London's FTSE 100 suffered a third straight sell-off on Wednesday, sending the blue chip index to a near five-month low in early trading on the back of concerns over the political si
Read moreLondon close: Stocks slip as Greece heads for new elections
15th May 2012 16:30
- Greece fails to form coalition - Eurozone GDP unchanged in first quarter - IAG falls after downgrade, miners track metals prices lower London's blue chip index fell sharply for a second straight day on Tuesday as it was revealed that Greek leaders failed to form a coalition, meaning that the coun
Read moreFTSE 100 movers: IAG is biggest faller after downgrade
15th May 2012 15:53
Airline company IAG was pressured into the bottom spot after JP Morgan Cazenove downgraded its recommendation from overweight to neutral. Miners were also pushed lower as metal prices took a hit, with Vedanta, Kazakhmys and Rio Tinto all in the bottom 10. Meanwhile, international security soluti
Read moreSector movers: Mining stocks dented by Greek concerns
15th May 2012 15:52
Mining stocks continue to bear the brunt of recent sell-offs on the back of concerns over the ongoing Eurozone debt crisis. Metals prices are under pressure again today as worries over the escalating political situation in Greece continue to prompt speculation that the nation could leave the euro i
Read moreLondon close: US sentiment data sparks late rally
11th May 2012 16:36
- US consumer sentiment at post-recession high - Banks weighed down by JP Morgan surprise trading loss - Miners pressured lower by Chinese data After a weak start, the FTSE 100 surged in afternoon trade on the back of some upbeat consumer sentiment data Stateside which helped to offset gloomy econo
Read moreSector movers: Chinese data dents mining stocks
11th May 2012 16:24
Mining stocks tanked on Friday afternoon as data from the world's second-largest economy dampened sentiment early on. Industrial production figures in China disappointed today as investment growth eased to a near 10-year low in April. Output increased by 9.3% year-on-year last month, down from the
Read moreLondon midday: Banks and miners weigh on Footsie
11th May 2012 11:56
- Chinese economic figures weigh on mining stocks - JP Morgan trading loss dents UK banks - UK factory gate inflation eases less than expected A surprise trading loss from US banking giant JP Morgan, weaker-than-expected Chinese economic data and ongoing concerns about the Eurozone weighed on senti
Read moreLondon open: Chinese data, JP Morgan weighs on stocks
11th May 2012 08:28
- Chinese industrial output, inflation data disappoints - Spain to ask for EFSF support, according to reports - JP Morgan surprise trading loss causes concerns The FTSE 100 fell sharply in early trading on Friday as weak Chinese data, Spanish concerns and a surprise trading loss from JP Morgan Chas
Read moreLondon close: Stocks tank after US payrolls disappointment
4th May 2012 17:00
- US payrolls data sinks global markets - Eurozone services PMI revised lower - Miners lead fallers in London, RBS erases gains The early sell-off for the FTSE 100 accelerated in afternoon trade after the increase in US payrolls came in well below expectations fuelling a sell-off in global stock ma
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