London open: Global growth worries hit stocks
12th Apr 2011 08:22
Stocks are on the back foot after the International Monetary Fund slashed its growth forecasts for the US and amid renewed worries over Japan after its earthquake. The IMF lowered its US 2011 GDP growth forecast by -0.2 percentage points, to 2.8%. Nor did Britain emerge unscathed. The IMF revised
Read moreLondon close: Miners drive FTSE 100 rally
8th Apr 2011 16:44
Stocks went into the weekend on the front foot as higher commodity prices drove miners forward. Shares in Fresnillo, which mines for silver in Mexico, went well as the precious metal hit $40 an ounce for the first time since 1980, but was leapfrogged by more mainstream miners such as Anglo American
Read moreFTSE 100 movers: Miners dominate risers
8th Apr 2011 13:32
Surging commodity prices have helped the miners dominate the FTSE 100 risers, with seven out of top ten best performers coming from the sector. Shares in Fresnillo, which mines for silver in Mexico, are higher after silver hit $40 an ounce for the first time since 1980, while gold prices have hit r
Read moreLondon midday: Shares buoyant as commodities soar
8th Apr 2011 12:13
Miners are leading the rally in the FTSE 100 as commodity prices advance, though the higher oil price is causing concern. Shares in Fresnillo, which mines for silver in Mexico, were the best performing in London's leading share index. Silver hit $40 an ounce for the first time since 1980, while gol
Read moreLondon open: Shares bounce back
8th Apr 2011 08:28
Shares have rebounded after a late dive yesterday following an earthquake aftershock in Japan, which was not as bad as feared. Indian mining giant Vedanta produced record volumes of metals in the fourth quarter as it sought to benefit from soaring commodity prices. In its Indian zinc-lead-silver op
Read moreRio's Riversdale bid crawls across finish line
8th Apr 2011 08:20
Mining giant Rio Tinto has finally managed to get majority control of Australian mining company Riversdale, bringing to an end a bid saga that has been running since Christmas. Rio said its shareholding has passed 50% of coal miner Riversdale, and may grow further as the company's offer remains ope
Read moreLondon afternoon: Invensys bid fever fades
30th Mar 2011 14:39
Stocks came off the top over the lunch time session, though risers still comfortably outnumber fallers among Footsie constituents by at least two to one. Miners are setting the pace, particularly Vedanta, BHP Billiton, Rio Tinto and Antofagasta. At the other end of the scale Invensys is sharply lo
Read moreFTSE100 movers: Miners push index higher
30th Mar 2011 12:59
Mining companies are pushing upwards on hopes for economic recovery leading to higher demand for metals. Vedanta Resources, BHP Billiton and Rio Tinto have all made gains. British Sky Broadcasting and Prudential have both gone ex-dividend. BSkyB has fallen by a similar amount to its 8.74p interi
Read moreSector movers: Rio Tinto's bid lifts miners
29th Mar 2011 16:00
Rio Tinto is among the best performing miners lifting the sector higher after its A$3.9bn bid for Australian coal miner Riversdale was declared unconditional. Eager shareholders who've already sent off their acceptance forms will get the $16 a share offered by 5 April, but will be watching closely
Read moreFTSE 100 movers: Wolseley back in black
29th Mar 2011 14:24
Building and plumbing supplies giant Wolseley has bounced back. It has returned to profit and reinstated its dividend as its core markets in Europe and the US both stabilised. Rio Tinto's bid for Riversdale has been declared unconditional. BP is under pressure after major shareholder Standard Li
Read moreRio Tinto declares Riversdale a done deal
29th Mar 2011 07:38
Rio Tinto's A$3.9bn (£2.4bn) bid for Australian coal miner Riversdale has been declared unconditional. Eager shareholders who've already sent off their acceptance forms will get the $16 a share offered by 5 April, but will be watching closely to see if Rio gets enough backing to see that increased
Read moreSector movers: ENRC leads miners higher
23rd Mar 2011 17:37
The mining sector was the best performing sector Wednesday, helped higher by strong gains from the blue chips. Kazakhstan-based mining giant ENRC announced that underlying profits more than doubled last year. Shares in Kazakhmys, Xstrata, Rio Tinto and Antofagasta rose in sympathy. The industrial
Read moreLondon afternoon: Stocks consolidate gains
21st Mar 2011 14:53
Stocks have largely been in consolidation mode in the afternoon session after a strong performance this morning. Telecoms titan Vodafone is a high riser on the back of AT&T's $39bn bid for Deutsche Telekom's T-Mobile USA. If the bid is allowed, the enlarged firm will become number one, but both AT&
Read moreLondon midday: Stocks back on the climb
21st Mar 2011 12:23
Footsie finished the morning 10 points or so below its high for the day after regaining impetus following a mild spell of profit taking mid-morning. Telecoms titan Vodafone is a high riser on the back of AT&T's $39bn bid for Deutsche Telekom's T-Mobile USA. If the bid is allowed, the enlarged firm
Read moreLondon open: Telecoms power forward on AT&T move
21st Mar 2011 08:50
Footsie has opened brightly with telecoms stocks powering ahead on the back of AT&T's huge $39bn bid for Deutsche Telekom's T-Mobile USA. Vodafone is top riser as analysts have wasted little time working out what it means in value terms for Vodafone's 45% stake in current US market leader Verizon
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