Australia's carbon tax scheme unfair, says Rio Tinto
11th Jul 2011 07:11
Mining giant Rio Tinto has voiced its disappointment over Australia's carbon tax proposal, joining the sector's warning that the plan would hinder investment and jobs growth in the nation's mining industry. In Australia, and the government has decided to implement a tax of A$23 a tonne on the 500 h
Read moreSector movers: Mining sector rises as metals prices increase
7th Jul 2011 16:05
The miners were making gains on Thursday, as metals prices headed higher. As of 16:10, copper futures were 2.11% higher at $442.65/lb, while silver was 1.25% up at $36.365 per troy ounce. FTSE 100 mining peers Antofagasta, Kazakhmys, Fresnillo, ENRC and Rio Tinto were all in demand. Sector peer B
Read moreLondon close: Stocks finish higher despite retreat
24th Jun 2011 16:47
Stocks gave up most of their early gains as economic worries resurfaced, but the top share index still closed in positive territory. Some observers attribute this resilience to comments from Chinese Premier Wen Jiabao that may be pointing towards a quicker end than previously expected to tightening
Read moreSector movers: Miners make gains after yesterday's sell-off
24th Jun 2011 15:20
Miners, on the whole, are wanted, recovering from the broad sector sell-off experienced on Thursday. Blue chips Antofagasta, Xstrata, ENRC, Rio Tinto, BHP Billiton and Randgold Resources are among the big gainers. Antofagasta, the best performer, is being helped higher as copper futures have ris
Read moreFTSE 100 movers: Miners recover after yesterday's sell-off
24th Jun 2011 14:40
Miners, on the whole, are wanted, recovering from the broad sector sell-off experienced on Thursday. Blue chips Antofagasta, Xstrata, ENRC, Rio Tinto, BHP Billiton and Randgold Resources are among the big gainers. Rolls-Royce is a high riser after it secured - along with Daimler - full control of
Read moreLondon midday: Gains fade as Bank warns on risks
24th Jun 2011 12:01
Shares are still going well after a strong start but have given up some of their earlier gains as nerves linger over the eurozone situation. With Greece and the European Union settled on the contents of the austerity package to be put before the Greek parliament next week, hopes have risen that th
Read moreLondon open: Sharp gains for Footsie as Greek fears ease
24th Jun 2011 08:42
The Footsie registered sharp gains in early trading, after last night's reports from Greece buoyed sentiment in London. The FTSE 100 opened up 68 higher at 5,742 on Friday morning. With Greece and the European Union settled on the contents of the austerity package to be put before the Greek parliam
Read moreSector movers: Miners higher as metals prices rise
21st Jun 2011 14:26
Resource-related stocks are on the rise on Tuesday, with the mining sector making solid gains, tracking commodities prices higher. Copper and gold prices are higher as of 14:45 on Tuesday afternoon. Copper futures are $3.85 up (+0.94%) at $413.10, while gold futures are edging $0.40 up (+0.03%) at
Read moreFTSE 100 movers: Whitbread, miners firmly higher
21st Jun 2011 13:50
Whitbread and the miners are lifting the blue chip index higher on Tuesday afternoon, with the FTSE 100 up 51 points at 5,744 as of 13:55. Strong sales growth at Costa coffee shops helped hotel and restaurant group Whitbread to offset subdued activity in its restaurant division to grow total sales
Read moreRio ups stake in Ivanhoe Mines
21st Jun 2011 13:29
Multi-metal miner Rio Tinto is to raise its stake in Toronto- and New York-listed Ivanhoe Mines after exercising its remaining warrants for the ongoing development of the copper and gold Oyu Tolgoi project in southern Mongolia. Rio gave notice on Tuesday that it will be increase its shareholding fr
Read moreLondon close: Greek talks bolster late recovery
17th Jun 2011 16:33
As European leaders seemed to come closer to a solution to the Greek crisis, sentiment was lifted across the continent with markets finishing higher across the board. Despite a poor start, London equities got a boost in the late morning period, helping the Footsie back above the 5,700 mark. A strong
Read moreFTSE 100 movers: Miners recover to lift the Footsie higher
17th Jun 2011 13:30
The miners are leading the comeback as metals prices recover slightly. Lonmin, Anglo American, Xstrata and Kazakhmys are among the best performers on the blue chip index, despite falling early on. Following the acquisition of an additional stake in Africa-focused coal miner Riversdale Mining, Rio
Read moreRio takes full control of Riversdale
17th Jun 2011 09:40
Following the acquisition of an additional stake in Africa-focused coal miner Riversdale Mining, Rio Tinto announced on Friday that it has now taken full control of the target, after months of deliberation and deadline extensions. On Thursday, India-based steel manufacturer Tata Steel sold its 26%
Read moreThursday tips round-up: Petrofac, Mouchel, Pennon
16th Jun 2011 07:03
Petrofac shares have experienced pretty much straight-line growth over the past year and had got to a stage, with a price-earnings multiple in the high teens, which was becoming hard to justify. The company has said that by 2015 it will double the basic profits earned in 2010. The shares look high e
Read moreLondon midday: Stocks bounce back
15th Jun 2011 12:10
The top share index headed back towards positive territory late in the morning after an earlier weak spell. Among the stocks moving higher is the property group British Land which is celebrating the government's decision not to list the Broadgate office development in the City of London. The compan
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