London close: Good gains for FTSE 100
7th Feb 2011 16:40
Shares held onto their gains after a decent start on Wall Street to close well in advance of 6,000 points. Gold miner Randgold Resources is wanted after it shrugged off operational and political setbacks in 2010 to post a sharp increase in profit, helped by the increase in the price of gold. Profi
Read moreLondon afternoon: Gains pared
7th Feb 2011 14:19
Leading shares saw gains trimmed over the lunch time session but the Footsie remains comfortably in positive territory, due in no small part to the strength of mining stocks, Gold miner Randgold Resources is wanted after it shrugged off operational and political setbacks in 2010 to post a sharp in
Read moreLondon midday: Miners push FTSE 100 past 6,000
7th Feb 2011 12:04
Strength in the miner sector has helped lift the FTSE 100 well above 6,000 points. Gold miner Randgold Resources as among the best performers after it shrugged off operational and political setbacks in 2010 to post a sharp increase in profit, helped by the increase in the price of gold. Profit befo
Read moreSunday newspaper round-up: Bank bonuses, BP, Pfizer...
6th Feb 2011 11:02
Britain's biggest banks are poised to pay out a combined £6bn in bonuses despite government demands for restraint on City pay. The size of the payout will embarrass George Osborne, the chancellor, who is hoping to announce a peace deal with the City this week that will include targets for lending t
Read moreLondon close: FTSE 100 back at 6,000
2nd Feb 2011 16:39
Strength in the mining sector on the back of higher metals prices and well-received updates drove the FTSE 100 back to 6,000 points. Both factors benefited miner Eurasian National Resources (ENRC). Production matched estimates in the fourth quarter of 2010, while the ferroalloys unit produced a bit
Read moreLondon afternoon: Tobacco giant leads way
2nd Feb 2011 15:07
A limp start on Wall Street isn't helping London, but the leading index remains within reach of 6,000, supported by a strong mining sector and big gains at cigarette maker Imperial Tobacco. Resource plays still dominate the leaderboard. Eurasian National Resources (ENRC) is better on news productio
Read moreLondon midday: Miners underpin FTSE 100 gains
2nd Feb 2011 12:09
Strong gains in the mining sector are helping to keep the top share index close to the 6,000 point mark. Results are also driving shares forward. The best performing miner in the FTSE 100, Eurasian National Resources (ENRC), said production was in line with expectations in the fourth quarter of 201
Read moreLondon open: Miners push Footsie above 6,000
2nd Feb 2011 08:26
Mining stocks are driving London higher in the early going as the price of copper rose to record levels in New York and London, following unexpectedly good US manufacturing figures yesterday. The giants of the mining sector, BHP Billiton and Rio Tinto, are both sporting solid gains, as are Lonmin,
Read moreSunday newspaper round-up: Goldman Sachs, George Osborne, BHP Billiton...
30th Jan 2011 11:12
Goldman Sachs has awarded a £9m bonus to the joint head of its London business, risking a further backlash over giant City pay deals. The investment bank's share award to Michael Sherwood, 45, was revealed in American regulatory filings late last week. It is likely to rank as one of the biggest pay
Read moreRio edges nearer Riversdale deal
24th Jan 2011 08:04
Rio Tinto moved a step nearer the completion of a $3.9bn deal for coal miner Riversdale after major shareholder Tata Steel give approval for the offer. Mozambique-focused Riversdale said no superior proposal to Rio Tinto's offer had been received and it was not aware of any party having an intentio
Read moreLondon close: Shares end week on a high
21st Jan 2011 16:59
London's leading share index went into the weekend on a high after falls the previous two days. Royal Bank of Scotland led the top share index higher after the FT reported that bank executives and officials at the Treasury are talking about ways for the bank to exit the toxic asset scheme. After
Read moreLondon afternoon: Miners lead revival
21st Jan 2011 14:35
After yesterday's triple-digit fall the Footsie has clawed back around half of those losses, helped by a strong performance from miners. Weather conditions in Australia have improved enough to allow Rio Tinto to end the force majeure event that's disrupted supplies of aluminium from Boyne Smelters
Read moreLondon pre-open: Stocks set to bounce back
21st Jan 2011 07:35
London's leading shares look set to claw back a small proportion of yesterday's heavy losses, encouraged by the late rally by Wall Street yesterday. City traders expect the Footsie will open around 17 points up from last night's close. Weather conditions in Australia have improved enough to allow
Read moreFlood-hit Rio Tinto 'back to normal' at aluminium arm
21st Jan 2011 07:05
Weather conditions in Australia have improved enough to allow Rio Tinto to end the force majeure event that's disrupted supplies of aluminium from Boyne Smelters near Gladstone. The company's aluminium arm, Rio Tinto Alcan, says transport operations have now returned to normal. "Flood waters are r
Read moreFriday tips round-up: Invensys, Easyjet, BHP Billiton...
21st Jan 2011 06:45
What has driven the Invensys share price in recent months, though, is bid speculation, especially after some unfortunate remarks in November by the chief executive Ulf Henriksson that its Chinese rail partner might be interested. Though these were swiftly played down, a break-up still looks a possi
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