London midday: Stocks lower before US non-farm payrolls
4th May 2012 12:10
- Miners drop on macro concerns, Australian growth - RBS rises after Q1 update - Markets await US non-farm payrolls The Footsie was firmly lower by Friday lunchtime as a sell-off in the mining sector outweighed a strong performance by the banks after some well-received results from Royal Bank of Sc
Read moreLondon open: Stocks fall but RBS bucks the trend
4th May 2012 08:29
- RBA cut GDP forecasts for 2012 - Markets await US non-farm payrolls - RBS rises after Q1 update, miners fall Miners dragged the Footsie into the red on Friday morning after Australia cut its economic growth forecast. Markets were showing caution ahead of non-farm payroll data due out in the US la
Read moreLondon close: Gains pared after comments from ECB's Draghi
3rd May 2012 16:37
- Stocks pare gains after Draghi offers no hints - US economic data comes in mixed - Mining and oil stocks weigh on Footsie After a decent start, gains for London's FTSE 100 were pared late on after a European Central Bank (ECB) press conference failed to boost confidence, meaning that the index fi
Read moreSector movers: Antofagasta, Randgold lead miners lower
3rd May 2012 14:54
Falling metals prices and some disappointing trading updates from Antofagasta and Randgold Resources were weighing on the mining sector today. Copper prices were at a one-week low today after mixed economic data from the US and concerns over the Eurozone debt crisis - fuelled by some gloomy manufac
Read moreLondon open: Spanish downgrade weighs on sentiment
27th Apr 2012 08:41
- S and P downgrades Spain - UK consumer confidence misses estimates - Banks, miners lead the downside in London The FTSE 100 opened cautiously on Friday morning looking like it could snap a three-day winning streak, with banking and mining blue chips providing a drag on the back of concerns over t
Read moreThursday tips round-up: Bodycote, UBM, Rio Tinto
26th Apr 2012 06:57
Bodycote, the heat treatment firm, has made a sensible purchase of US outfit Curtiss-Wright, thinks Tempus in the Times. Revenues have also been strong, 8.3% up in the first quarter, with aerospace, defence and energy particularly impressive. The shares trade at around 12 times 2012 earnings, whic
Read moreLondon close: Footsie pares gains after gloomy GDP data
25th Apr 2012 16:36
- UK back in recession, GDP figures show - Markets await FOMC statement - Miners gain after China says growth will be 'robust' Despite a strong start, the FTSE 100 finished only mildly higher on Wednesday afternoon as investors digested some worse-than-expected UK economic data. The Office for Nat
Read moreSector movers: Miners wanted after comments from Chinese PM
25th Apr 2012 15:10
The mining sector, a category often sensitive to the outlook for the Chinese economy, was making gains on Wednesday afternoon after the country's Prime Minister sought to ease concerns about slowing growth. Wen Jiabao said yesterday that the world's second-largest economy will continue to growth at
Read moreLondon open: Stocks rise ahead of GDP data
25th Apr 2012 08:16
- Q1 GDP expected to be flat - ARM up on upgrades, Apple earnings - Ex-div stocks lead the downside Stocks rose moderately in early trade on Wednesday as the Footsie still attempts to recover from Monday's steep sell-off. The release of first-quarter gross domestic product (GDP) figures for the UK
Read moreRio given the all-clear for Simandou project
25th Apr 2012 07:55
Diversified mining group Rio Tinto has received regulatory approvals for the development and operation of the Simandou iron ore project in Guinea. Following approval in China, Rio has completed the formation of a joint venture with Aluminum Corporation of China Ltd (Chalco), a listed subsidiary of
Read moreLondon close: Economic data and political uncertainty sink stocks
23rd Apr 2012 17:03
- PMI data disappoints - Markets dragged down by European politics - Miners, Prudential, IAG lead fallers on Footsie Global stock markets were under heavy selling pressure on Monday as some gloomy economic data and political uncertainty in Europe weighed on sentiment. London's FTSE 100 index droppe
Read moreLondon midday: Weak macro data prompts sell-off
23rd Apr 2012 11:41
- Chinese, Eurozone PMIs show contraction - Eyes on political situation in France, Netherlands - Miners provide a drag on Footsie Weak data from both China and the Eurozone was weighing heavily on the FTSE 100 in morning trade on Monday, while political tensions in France and the Netherlands were a
Read moreLondon open: Stocks slump after Chinese PMI data
23rd Apr 2012 08:26
- Miners sold off after Chinese PMI - Vodafone makes offer for CWW - Old Mutual sinks after Goldman downgrade London's blue chip index experienced a sharp fall in early trading on Monday after some gloomy economic data from China weighed heavily on the mining sector. The HSBC preliminary flash pu
Read moreLondon close: Financials weigh on Footsie
18th Apr 2012 16:34
- Financials, ex-div stocks weigh down Footsie - BoE's Miles alone on more QE - Italy may delay achieving balanced budget by a year The Footsie finished firmly lower on Wednesday afternoon despite some positive domestic jobless figures, as concerns over the Eurozone continued to dampen sentiment. S
Read moreRio Tinto Ivanhoe CEO/CFO heave-ho
18th Apr 2012 13:49
Mining giant Rio Tinto is to underwrite a massive rights issue by its subsidiary, Ivanhoe Mines, with the funds used to pay for the development of Ivanhoe's Oyu Tolgoi copper-gold mine in Mongolia. Canada's Ivanhoe, which Rio Tinto took control of in January of this year, intends to raise US$1.8bn
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