London open: Footsie looks to end losing streak
28th Oct 2010 08:15
Stocks have taken their cue from Wall Street, which recovered in late trade Wednesday, and are helped by a fight back at ARM Holdings and buoyant miners. Royal Dutch Shell grew earnings by 18% in the third quarter compared with a year ago, while the figure excluding big one-off items rocketed 88% t
Read moreLondon close: Bad day ends badly
27th Oct 2010 16:12
London ended the day heavily in the red as a triple-digit fall on Wall Street knocked an attempted rally by Footsie firmly on the head. Reports suggesting that any new stimulus in the US will be smaller than expected hit the miners with Kazakhmys, Xstrata and Rio Tinto the worst performers. Britis
Read moreLondon afternoon: Rally fizzles out
27th Oct 2010 14:23
Expectations of a weak opening on Wall Street put an end to London's attempt to move into positive territory, and losses lengthened again over the lunch time session. Reports suggesting that any new stimulus in the US will be smaller than expected have knocked the miners with Kazakhmys, Xstrata and
Read moreLondon midday: Miners keep Footsie subdued
27th Oct 2010 11:58
Footsie has dragged itself off the lows seen earlier in the morning but with weak metal prices hitting mining shares, the index is not making much headway. Reports suggesting that any new stimulus in the US will be smaller than expected have also knocked the miners with Kazakhmys, Xstrata and Rio T
Read moreLondon open: Poor start for Footsie
27th Oct 2010 08:44
London has followed on from last night's lacklustre performance on Wall Street and a weak display in Asia this morning with a poor start. Reports suggesting that any new stimulus in the US will be smaller than expected have knocked the miners with Kazakhmys, Xstrata and Rio Tinto the worst performe
Read moreLondon close: Footsie struggles
26th Oct 2010 16:24
Investors pocketed gains after an impressive autumn rally, though the decision was made easier by some disappointing corporate news, weak miners and negative broker comment on the insurance sector. The top 100 index fell back sharply from six-month highs, dropping below 5,680 at one point although
Read moreLondon close: Miners keep Footsie in the blue
25th Oct 2010 17:04
Were it not for the strength of miners today Footsie would undoubtedly have ended in the red, as many share prices experienced a late swoon. Miners were wanted on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end
Read moreSector movers: Miners strike as dollar dives
25th Oct 2010 14:59
A weaker dollar has done wonders for the mining sector, making the dollar-denominated commodities cheaper to foreign buyers. Antofagasta, Kazakhmys and Rio Tinto are among the best of the bunch, although a number of resource plays are trading around two-year highs. Automobiles & Parts also stands
Read moreLondon afternoon: Miners retain most of their gains
25th Oct 2010 14:28
London has lost some of its gains in the early afternoon but it is showing signs of a renewed upturn. Miners remain the best performers on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end to so-called currency w
Read moreLondon midday: Banks miss out
25th Oct 2010 12:05
Having got off to a flying start London spent the mid-morning period slowly relinquishing its gains before regaining impetus just before midday. Miners continue to lead the advance on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adh
Read moreLondon open: Currency issues lift miners
25th Oct 2010 08:48
Blue chip rose sharply as the softer dollar lifted commodity prices higher. Most Asian markets did well as the G20 economic powerhouses promised to work together to avoid "competitive devaluation" of currencies. That has been interpreted as a signal for the dollar to slide further, which has encou
Read moreLondon close: Footsie shrugs off spending cuts
20th Oct 2010 16:51
A strong performance on Wall Street breathed life back into Footsie after the leading share index suffered a weak spell following the Compehensive Spending Review (CSR). One sector to give the CSR the thumbs up was bus companies such as Stagecoach, Go-Ahead, FirstGroup and National Express. The sub
Read moreLondon afternoon: Shares drift lower
20th Oct 2010 14:21
Shares turned south over the lunchtime session though it is difficult to ascribe any of the losses to the impact of the Comprehensive Spending Review, much of which was widely as expected. Mining stocks are doing their bit to counteract the effects of Footsie stalwarts BAE Systems, Smiths Group and
Read moreFTSE 100 movers: S&N heads risers
20th Oct 2010 13:18
Medical devices supplier Smith & Nephew has won its appeal over a patent dispute with Kinetic Corporation. A court in Texas says that the wound management patents are "invalid due to obviousness". S&N has already won similar cases in the UK and Germany. Xstrata has given the thumbs up to the $710
Read moreLondon midday: Shares sit higher ahead of Spending Review
20th Oct 2010 12:39
Shares are still sitting in the blue as trader's prepare themselves for chancellor George Osborne's Comprehensive Spending Review. The leading share index moved into positive territory after minutes from the Bank of England's Monetary Policy Committee meeting earlier this month showed that one memb
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