London 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
Read moreLondon 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 more