London close: BSkyB, financials provide a drag
11th Jul 2011 16:37
The Footsie dropped over 1% lower on Monday as satellite broadcaster British Sky Broadcasting (BSkyB) and European debt-contagion fears weighed on sentiment. Shares of BSkyB took a tumble as the potential takeover by Rupert Murdoch's News Corp hangs in the balance. The UK government said it was pre
Read moreFTSE 100 movers: BSkyB leads fallers, Int'l Power rises
11th Jul 2011 15:11
Shares of BSkyB dropped by6% and was the top loser on the blue chip index on Monday as the potential takeover by Rupert Murdoch's News Corp hangs in the balance. The UK government said it was preparing to ask telecoms regulator Ofcom for additional advice. The Australian government's proposal on cl
Read moreLondon midday: Takeover concerns continue to hit BSkyB
11th Jul 2011 12:24
After briefly touching the 6,000 level, the Footsie slumped 30 points lower on Monday morning, with satellite broadcaster British Sky Broadcasting Group (BSkyB) providing a drag. Shares of BSkyB dropped more than 6% and was the top loser on the blue chip index at lunchtime as the potential takeover
Read moreLondon open: International Power makes gains
11th Jul 2011 08:32
The Footsie opened up higher but fell into the red in early trading as two giants weighed up the effects of an Australian climate change proposal. International Power opened strongly to lead the risers after responding to the proposed climate change plan in Australia. Under the proposed plan to red
Read moreLondon pre-open: Rio squealing over Aussie tax proposal
11th Jul 2011 07:40
London is set to start the week lower, with Australian miners likely to be on the back foot after the Australian government's carbon tax proposal. The Aussie government has decided to implement a tax of A$23 a tonne on the 500 heaviest emitters as of 1 July 2012, as part of a scheme to cut 159m ton
Read moreAustralia'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
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