London midday: Stocks slip but share-buying boosts Admiral
26th Aug 2011 12:18
Stocks have drifted into the red amid apprehension ahead of this afternoon's annual meeting of the US Federal Reserve. The results stream has slowed sharply, giving investors an opportunity to digest figures released earlier this week. AMEC, which yesterday reported a strong performance in its min
Read moreLondon open: FTSE 100 falls into red, markets await Bernanke
26th Aug 2011 08:31
The FTSE 100 fell into the red in early trading, with heavyweights AMEC, Resolution and ARM Holdings dragging the blue chip index lower, after a poor performance on Wall Street last night and a mixed session in Asia. Meanwhile, financials were on the rise, with Hargreaves Lansdown, Lloyds, RBS and
Read moreLondon pre-open: Flat start ahead of Bernanke speech
26th Aug 2011 07:17
Today is the big day of the week, with Federal reserve chairman Ben Bernanke set to make an eagerly awaited speech at the central bankers' conflab in Jackson Hole, Wyoming. Investors seem disinclined to commit themselves ahead of Bernanke's speech, with the Footsie expected to open barely changed.
Read moreCoal and Allied okays improved Rio offer
26th Aug 2011 07:04
The independent directors of Australian Stock Exchange-listed miner Coal & Allied have given the green light to plans by mining giant Rio Tinto and Japanese trading house Mitsubishi Corporation to take full ownership of the company. The decision to recommend an improved offer from Rio and Mitsubish
Read moreLondon pre-open: Wall Street's late surge provides boost
25th Aug 2011 07:19
The top-share index is set to open around 25 points higher as UK investors take heart from the late surge yesterday on Wall Street which saw US markets finish higher for the third day in succession and the Dow enjoy a triple-digit gain. International engineering group IMI saw headline profit before
Read moreRio Tinto ups Ivanhoe stake to 48.5%
25th Aug 2011 07:03
Mining behemoth Rio Tinto has exercised its right to acquire more shares in Asia-Pacific focused miner Ivanhoe Mines, taking its stake up to 48.5% from 46.5% previously. The price paid per share was C$18.98 and the total consideration for the exercise of this subscription right was C$529.5m. Rio
Read moreLondon close: Stocks slump again
18th Aug 2011 16:40
Volatility returned with a vengeance on Thursday, with the leading share index slumping back towards the lows it hit last week. The day got off to a bad start after a gloomy report on global economic growth from Morgan Stanley and things got worse after some more poor figures from the US. The glob
Read moreLondon midday: More losses amid global worries
18th Aug 2011 12:03
London's leading share index is nursing heavy losses now, with global worries over economic growth continuing to hurt sentiment. Miners are among the worst performers, with Kazakhmys, Vedanta and Rio Tinto deep in the red. FTSE 100 mining giants Anglo American, BHP Billiton and Xstrata also fall d
Read moreLondon open: Miners drag Footsie below 5,300
18th Aug 2011 08:34
Just five stocks were making gains at 8.35am on Wednesday, as the blue chip index opened below the 5,300 level. The miners were among the worst performers, with Kazakhmys, Vedanta and Rio Tinto among the heaviest fallers, partially offsetting the gains made yesterday. FTSE 100 mining giants Anglo
Read moreLondon midday: Stocks tumble as jitters grip markets
8th Aug 2011 12:14
London's leading share index has given up a short-lived rally and is posting triple-digit losses as nerves over the global economic situation grip the markets again. Mining giants such as Rio Tinto and ENRC are out of favour, though precious metal miners such as Randgold Resources and Fresnillo are
Read moreLondon open: Volatile start for FTSE 100, Lloyds and RBS rally
8th Aug 2011 08:29
Stocks have recovered from earlier falls on what could be a jittery day following last week's slide, with falling mining shares signalling continued nervousness over global economic prospects. Mining giants such as Rio Tinto and ENRC are out of favour today, though precious metal miners such as Ran
Read moreLondon pre-open: Nervous start anticipated
8th Aug 2011 07:51
After a week-end of mostly bad news it is little surprise that the London stock market is set to open in the red, with City traders predicting the blue-chip index could open as much as 80 points lower. Reports suggest the European Central Bank is set to wade into the financial markets today in an a
Read moreRio and Mitsubishi to mop up rest of Coal & Allied
8th Aug 2011 07:03
Mining giant Rio Tinto and Japanese trading house Mitsubishi Corporation plan to mop up the rest of the shares in Australian Stock Exchange-listed miner Coal & Allied that they do not already own. The Australian company's shareholders are being offered A$122 for each of their shares and will also b
Read moreLondon close: Footsie plummets to 5,393
4th Aug 2011 16:29
Hefty losses from large-cap equities dragged the Footsie over 3.43% lower on Thursday, a day after the blue chip index hit its lowest levels in 2011. Moderate falls turned into steep declines as the sell-off accelerated in the afternoon period, on the back of a bad start on Wall Street, which saw th
Read moreRio Tinto wary of cost inflation and economic crises
4th Aug 2011 08:53
Bearish comments about volatile economic conditions and rising prices in emerging economies took the gloss off a record set of first half earnings for mining giant Rio Tinto. Despite its struggles with market conditions, the company saw record first half underlying earnings of $7.8bn (£4.77bn), 35%
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