London open: Markets celebrate euro agreements
27th Oct 2011 08:30
Just one stock was in the red on the FTSE 100 in the opening minutes of Thursday, as markets turned bullish on the back of a three-prongued deal in the Eurozone last night. The blue chip index in London jumped 1.85% early on, joining all major benchmarks across the continent this morning, with indic
Read moreLondon close: Global outlook rattles stocks
18th Oct 2011 16:46
Worries over the global economy dominated the direction today, as the Footsie registered moderate gains, finishing around the 5,400 level. However, losses were not as pronounced as they were in intra-day trade - the FTSE 100 daily low was 5,351 - after a more positive, albeit flat, start on Wall Str
Read moreLondon close: German party poopers bash shares
17th Oct 2011 16:44
It was an another topsy-turvy dominated by changing perceptions of the Eurozone situation, with shares finishing firmly in the red after Steffen Seibert, spokesman for German Chancellor Angela Merkel, suggested that markets were getting carried away with the optimism. Referring to the hopes being
Read moreFTSE 100 Movers: BP rises on settlement
17th Oct 2011 12:47
BP was rising high after reaching a settlement with its US counterpart Anadarko over the Deepwater Horizon rig explosion at the Macondo asset in the Gulf of Mexico. Anadarko will pay BP $4bn in a single cash payment, which will go into the $20bn trust fund BP set up to meet individual, business and
Read moreLondon midday: Euro boost for stocks again
17th Oct 2011 12:08
Stocks are buoyant this morning with attention once again focused on the Eurozone. STOCKS UP ON EUROZONE HOPES Following the weekend meeting of G20 leaders in Paris, the markets will now be looking ahead to a crucial EU summit on 23 October, with Chancellor of the Exchequer George Osborne calling
Read moreLondon open: BP leads the rise, Footsie above 5,500
17th Oct 2011 08:34
The Footsie jumped above the 5,500 mark in the opening minutes, a level not seen since early August, on the back of hopes that Eurozone leaders are working hard to solve the region's debt crisis. STOCKS UP ON EUROZONE HOPES Following the weekend meeting of G20 leaders in Paris, the markets will no
Read moreRio Tinto to can 13 aluminium assets
17th Oct 2011 07:37
It may be Autumn but mining colossus Rio Tinto is performing a touch of Spring cleaning, with a reorganisation of its Aluminium product group that will include the sale of 13 assets at some point in the future. After performing a strategic review, Rio Tinto has decided to put its interests in six A
Read moreLondon pre-open: BP and Anadarko reach agreement
17th Oct 2011 07:19
London looks set to start the week on the front foot, with City sources predicting a near 50 point rise at the outset. Integrated oil giant BP has reached agreement with Anadarko Petroleum to settle all claims between the companies related to the Deepwater Horizon accident. Anadarko, which had a 25
Read moreLondon close: Banks drag market lower after Fitch downgrade
13th Oct 2011 16:34
A late rally drove the Footsie back above the 5,400 mark, but the blue chip index still finished 0.71% down after Fitch dampened sentiment in the banking sector. Not helping the mood was the International Monetary Fund (IMF) which lowered its growth forecasts for Asia for this year and next. The re
Read moreUPDATE: Thursday broker round-up
13th Oct 2011 09:42
Logica: RBS raises target from 110p to 115p and keeps buy rating. F&C Asset Management: RBS cuts target from 72p to 65p, hold rating maintained. Henderson: RBS scales back target from 183p to 170p, but keeps buy recommendation. Anglo American: Credit Suisse maintains neutral rating and 3,500p tar
Read moreRio Tinto going flat out
13th Oct 2011 07:31
Mining behemoth Rio Tinto set new quarterly records for iron ore sales and hard coking coal production in the third quarter, as Mother Nature eased up on the firm's mining operations. "Whilst we are mindful of current market volatility, the fundamentals are holding up well, particularly for bulk-tr
Read moreThursday preview: Rio Tinto, Ladbrokes
12th Oct 2011 16:11
Mining titan Rio Tinto is set to reveal its third quarter production numbers on Thursday, where the focus will be on the group's two big money earners: iron ore and copper. Credit Suisse is forecasting Rio's share of iron ore production at its mines all over the world will be 49.6m tonnes, while th
Read moreFTSE 100 Movers: ARM Holdings leading the way
10th Oct 2011 13:49
ARM Holdings sits atop the leader board after RBS reiterated its "buy" status, a view contradicted by JPMorgan, who have set a 220 target share price for the firm, with the recommendation that clients be underweight in the stock. Imperial Tobacco was down as investors sold off typically safe stock
Read moreLondon midday: Footsie up 2% as BoE injects more money
6th Oct 2011 12:07
The Footsie has held onto gains following the Bank of England's surprise move to increase its asset purchase programme by a bigger-than-expected £75bn. In an announcement at midday, the central bank revealed that it has maintained its key Bank Rate at the historically low level of 0.5%, but raised
Read moreLondon open: Miners in demand ahead of rate decisions
6th Oct 2011 08:35
Strong gains were made on the Footsie in early trade as investors await key policy rate decisions from the Bank of England (BoE) and the European Central Bank (ECB). Meanwhile, the market extended Wednesday's gains on hopes that the European Union is planning for a co-ordinated recapitalisation of
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