London pre-open: The only way is down
18th Nov 2011 07:41
Footsie may have rallied yesterday afternoon to pare its losses but after last night's lacklustre showing on Wall Street, the blue-chip index is set to resume its downward course this morning. City sources predict the FTSE 100 will open down 59 points from yesterday's close of 5,423. Outsourcing
Read moreRio Tinto returns fire in battle for Hathor
18th Nov 2011 07:17
Base metal mining oriented group Rio Tinto has, as expected, increased its offer for uranium developer Hathor Exploration. The move comes just days after rival bidder Cameco Corp trumped the global miner with a C$625m ($615m) offer. Rio Tinto is now offering to acquire all of Hathor's common shar
Read moreLondon close: Footsie stages late recovery
15th Nov 2011 16:38
London's FTSE 100 index bucked the trend in global markets on Tuesday to trade broadly flat by the close despite some heavy falls for Burberry and the banks. Some slightly better-than-expected domestic economic news seemed to lift sentiment in the UK during the day. Worth noting, UBS has set its ye
Read moreRio Tinto will probably make a counter-offer for Hathor Exploration
15th Nov 2011 07:32
Base metal mining oriented group Rio Tinto is unlikely to walk away from a bidding war for uranium developer Hathor Exploration, investors said on Tuesday, after rival bidder Cameco Corp trumped the global miner with a C$625m ($615m) offer, Reuters reports. AB
Read moreFTSE 100 Movers: Experian rises as Vedanta falls
10th Nov 2011 14:08
Leading the way north was Experian, the credit reference and anti-fraud company, after it hiked its interim dividend by 14% after a strong financial performance in the first half of its financial year. Revenues of $2.3bn were up 15% on 2010's figure of $2.0bn. On a constant exchange rates (CER) ba
Read moreLondon midday: ARM & RBS lead the rise
4th Nov 2011 12:28
The Footsie's earlier gains were trimmed after midday after some key US jobs data came in worse-than-expected. The Bureau of Labor Statistics has revealed that 80,000 non-farm payrolls were added in October, well under expectations of a 95,000 gain. "Employment in the private sector rose, with mode
Read moreLondon open: Footsie heads lower as G20 heats up
3rd Nov 2011 09:08
BThe Footsie fell lower on Thursday morning, with investors keeping a cautious eye on developments in the Eurozone, as the G20 Summit begins to heat up in Cannes. GREEK ROWS ONGOING It's now make-or-break time for Greek prime minister George Papandreou, after German chancellor Angela Merkel and Fr
Read moreRio Tinto to have world's largest fleet of driverless lorries
2nd Nov 2011 12:55
Mining group Rio Tinto has signed a deal to buy at least 150 driverless lorries from Japanese construction equipment maker Komatsu over the next four years, giving it the world's largest fleet. The transfer of the lorries, which will begin in 2012, signals a 15-fold expansion from its previous pl
Read moreLondon open: Greek referendum rattles Footsie
1st Nov 2011 09:12
The Footsie lost a further 2% on Tuesday morning on the news that Greece is to hold a referendum on the latest bailout announced last week. The decision by George Papandreou, the Greek Prime Minister, to hold a referendum on the details of the Greek bailout tortuously negotiated by Eurozone leaders
Read moreLondon close: Miners plummet, Footsie drops 2.8%
31st Oct 2011 16:33
London's blue chips registered an average fall of 2.77% on Monday as a steep sell-off in the heavyweight mining sector dragged the Footsie down to 5,544, 158 points off Friday's close of 5,702. Just three stocks finished the day with gains. The steady decline continued following a dreary start on W
Read moreLondon midday: Miners tumble as Japan intervenes
31st Oct 2011 12:15
The miners dragged the Footsie over 1% lower by midday after Japan's intervention into the currency markets and Chinese demand worries spurred a fall in commodity prices. London's blue chip index remains firmly in the red at the 5,641 mark, down from Friday's close of 5,702. In economic news, the g
Read moreLondon open: Miners weigh down Footsie
31st Oct 2011 08:58
Banking giant Barclays is a rare bright spot in London after a better than expected third quarter update, as stocks head lower. Miners Vedanta Resources, BHP Billiton, Xstrata and Rio Tinto are the biggest fallers among the top-share index constituents, as metal prices head south. Barclays said it
Read moreRio Tinto rail access row rumbles on
28th Oct 2011 07:43
The dispute over whether Rio Tinto should allow third-party access to its rail lines serving its Pilbara iron ore asset rumbles on, with the granting of an appeal against the Federal Court of Australia's verdict that Rio could exclude others from using it. The High Court of Australia has granted Fo
Read moreLondon close: Big gains on Euro hopes
27th Oct 2011 16:43
Stocks posted big gains amid optimism following the agreements reached on the Eurozone situation last night. Banks in particular are on the attack, with Barclays and RBS posting double-digit gains. EUROZONE AGREEMENT BOOSTS THE MARKETS Working into the early hours of the morning, Eurozone official
Read moreLondon midday: Double-digit gains for Barclays, RBS
27th Oct 2011 12:04
Stocks are posting big gains amid optimism following the agreements reached on the Eurozone situation last night. Banks in particular are on the attack, with Barclays and RBS posting double-digit gains. EUROZONE AGREEMENT BOOSTS THE MARKETS Working into the early hours of the morning, Eurozone off
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