London midday: Risk appetite increases on Greek bailout hopes
20th Feb 2012 11:32
- Miners jump as investors seek riskier assets. - Officials optimistic about securing Greek bailout. - PBoC cuts RRR for banks. With the possibility of a Greek bailout edging closer, and China moving to ease fears of a 'hard-landing' over the weekend, UK stocks had extended gains by lunchtime, wit
Read moreLondon open: Buying boosted by Greece, China
20th Feb 2012 08:26
- Decision day for Greece, hopes of a bailout approval boost stocks. - PBoC cuts RRR for banks. - Miners, oil stocks perform well early on. Just a handful of stocks were in the red in early trading on Monday, as market sentiment was lifted by hopes that Greece can secure its next tranche of aid. Me
Read moreLondon pre-open: FTSE 100 boosted by China (and Greece)
20th Feb 2012 07:23
City sources predict the FTSE 100 will open up around 42 points from Friday's close of 5,905, following Friday's news that the People´s Bank of China is to cut its legal reserve ratio requirement for large banks by half a percentage point. As well, different reports out over the weekend are making f
Read moreRio Tinto announces date for automated rail system
20th Feb 2012 07:02
Mining titan Rio Tinto is splashing out on the creation of the world's first automated long distance heavy haul rail network, which will service its Pilbara asset in Australia. The first driverless train will be launched in 2014, with the "AutoHaul" automated train programme scheduled for completio
Read moreLondon midday: Stocks off lows but still firmly in the red
16th Feb 2012 11:40
- Greek bailout hit by more delays. - Moody's reviews ratings on 114 European financial institutions. - Real Eurozone GDP forecasts slashed in ECB survey. The FTSE 100 has come off its intraday low of 5,831 but still remains firmly in the red as delays in Greece, a warning to banks from Moody's an
Read moreLondon open: Stocks weighed down by Greece, Moody's
16th Feb 2012 08:35
- Greek bailout hit by more delays. - Moody's reviews ratings on 114 European financial institutions. - BAE Systems tumbles after results. London's blue chip index sank in early trading on Thursday, with just five stocks on the rise, as the Greek bailout faces fresh delays. Meanwhile, Moody's warn
Read moreLondon close: Stocks finish lower on macro concerns
14th Feb 2012 16:24
-Banks, miners weigh on Footsie. -Markets digest sovereign downgrades from Moody's. -Investors await Eurogroup meeting tomorrow. UK stocks finished in the red on Tuesday as concerns over the state of the Eurozone continued to weigh on sentiment. Trade was volatile as mid-morning gains on the back o
Read moreSector movers: Miners fall as a stronger dollar dampens metals prices
14th Feb 2012 14:46
Miners were the worst fallers of the day following Moody's mass downgrade of Eurozone nations. Ratings agency Moody's Investors Service last night downgraded six European sovereigns, Italy, Malta, Portugal, Slovakia, Slovenia and Spain, "in order to reflect their susceptibility to the growing finan
Read moreFTSE 100 movers: Bunzl in top spot after rating upgrade
14th Feb 2012 13:47
Distribution and outsourcing firm Bunzl was the top of the risers list after JP Morgan upped its recommendation from neutral to overweight on valuation grounds. "We believe that the recent relative underperformance could be a good entry point ahead of FY results on 27 February," the US broker said.
Read moreLondon midday: German ZEW survey provides a boost to UK stocks
14th Feb 2012 11:48
- German ZEW expectations index swings into positive territory. - Moody's downgrades six nations, cuts outlook for three others to negative. - Bunzl, Barclays higher after broker upgrades. After an initial slump on the back of a mass downgrade of European sovereigns by Moody's, a sharp rise was rec
Read moreLondon open: Moody's dampens sentiment early on
14th Feb 2012 08:55
- Moody's downgrades six nations, three ratings outlooks cut to negative. - Miners provide a drag in London. News that Moody's had downgraded its ratings on several Eurozone nations and revised its outlook on others, including the UK, weighed on the Footsie in early trading on Tuesday. Miners were
Read moreLondon pre-open: Moody's warning to hit FTSE 100
14th Feb 2012 07:29
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 5,906, following Moody's warning that a number of European countries, including Britain, could see their triple-A ratings slashed as a result of the increasing risks posed by the ongoing debt crisis in the region.
Read moreBHP, Rio approve $4.5bn Escondida investment
14th Feb 2012 07:04
Mining peers BHP Billiton and RIo Tinto have both approved a major investment to ramp up production at the Escondida copper project in Chile worth over $4.5bn. Escondida is 57.5% owned by BHP, 30% owned by Rio, while JECO Corporation has a 10% stake and JECO 2 owns 2.5%. The Organic Growth Project
Read moreLondon close: Greek optimism buoys Footsie
13th Feb 2012 16:39
- Stocks rise as Greece approves austerity package. - CBI cuts UK GDP forecasts. - Vodafone confirms potential takeover of C&W Worldwide. Stocks managed to hold on to gains on Monday as Greece moves one step closer to securing the next crucial tranche of aid. Mining and financial stocks led the ri
Read moreSector movers: Miners rise as Greek outlook improves
13th Feb 2012 14:48
Miners were the best performers of the day on Monday on the back of the improving outlook for Greece. Yesterday, Greek politicians voted to approve the austerity measures designed to cut €3.3bn from the deficit and achieve the approval of the issuance of the second financing package. The new €130bn
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