London afternoon: Airlines flying high
6th Oct 2010 14:30
Profit takers have skimmed off some of the cream of the gains seen this morning on mining stocks while the two big trading updates of the day have also sparked negative reactions, but Footsie remains comfortably in positive territory. Metals prices have strengthened in line with a weaker dollar, w
Read moreSector movers: Metals rise boosts miners
6th Oct 2010 14:22
With metals prices on the rise mining stocks are going well. Antofagasta, Anglo American, Kazakhmys and Xstrata are still sporting handsome gains. Metals prices have strengthened in line with a weaker dollar, which comes amid speculation the Federal Reserve will implement more monetary stimulus mea
Read moreFTSE 100 movers: Miners move higher
6th Oct 2010 13:51
Miners dominate the risers as metals prices rise on the back of a weak dollar. Kazakhmys is higher after yesterday's share sale by the chairman to the Kazakhstan government. Higher gold prices are pushing African Barrick Gold higher. Even Rio Tinto and BHP Billiton are higher despite doubts abou
Read moreLondon midday: Autonomy cuts revenue guidance
6th Oct 2010 12:01
With metals prices on the rise mining stocks were the shares to hold in a morning session that saw Footsie make an assault on the 5700 level before falling away in the hour before noon. Antofagasta, Anglo American, Kazakhmys and Xstrata are still sporting handsome gains. Metals prices have strength
Read moreLondon open: Blue chips power forward
6th Oct 2010 08:52
London's leading index has hit fresh five-month highs after the surge on Wall Street overnight. Footsie is now at its highest since April. Miners are driving the gains this morning with the top five risers all mining companies. Antofagasta, Anglo American, Kazakhmys and Xstrata are the best perform
Read moreLondon pre-open: Rally has legs
6th Oct 2010 07:34
The ripple from last night's leap on Wall Street should hit our shores when trading starts this morning, sending London's leading index to fresh five-month highs. Futures prices currently indicate a gain of around 20 points in early deals following a 193-point surge in the US Tuesday. The FTSE 100
Read moreWednesday newspaper round-up: Rio Tinto/BHP, Kazakhmys, Currencies...
6th Oct 2010 06:36
Rio Tinto's $116bn iron ore venture with BHP Billiton is close to collapsing after regulators objected to the deal, the Times writes. Rio was forced to issue a statement last night saying that no formal decision had been made on the future of the project. Nevertheless, both companies are understood
Read moreDoubts grow over Rio/BHP Pilbara deal
5th Oct 2010 18:06
Rio Tinto has cast more doubt that the merger of its West Australia iron ore business with BHP Billiton's will go ahead. In a statement, Rio said no final decision had been made but conceded that the planned deal still faces regulatory hurdles. Rio held a board meeting on Monday to discuss the me
Read moreLondon close: Footsie rallies after shaky start
24th Sep 2010 16:50
The roller coaster ride continued heading into the weekend, with shares rallying to finish with good gains following a drop in the morning. Shares have been jittery for most of the week, with traders unsure how to react to Federal Reserve chairman Ben Bernanke's comments on the US economy on Tuesd
Read moreLondon midday: Miners do the damage
24th Sep 2010 12:05
It's been a rollercoaster morning for London's blue chips, although pretty much all the volatility has happened in negative territory as miners struggle. HSBC, little changed at lunchtime, has hogged the headlines. Reports suggest that current chief executive Mike Geohegan will leave at the end of
Read moreLondon open: Heavyweights drag Footsie lower
24th Sep 2010 08:57
Footsie has opened lower with the heavyweight sectors of banks and miners both heading south. Speculation over the power struggle at the top of global banking giant HSBC has dominated early proceedings in London. Reports suggest that current chief executive Mike Geohegan will leave at the end of th
Read moreLondon pre-open: Sparks fly at HSBC
24th Sep 2010 07:33
Speculation over the power struggle at the top of global banking giant HSBC is likely to dominate early proceedings in London. Reports suggest that current chief executive Mike Geohegan will leave at the end of the year after failing to get the job of executive chairman. City traders suggest the FT
Read moreRio Tinto to expand Pilbara
24th Sep 2010 07:11
Rio Tinto is to plough US$230m into its operations at the Dampier Port in Western Australia to expand capacity. The expansion will result in an additional 5m tonnes annual capacity (Mt/a), taking total annual capacity for the Pilbara region to 230 Mt/a in the first quarter of 2012. This investment
Read moreLondon close: Stocks close lower as rally fizzles out
22nd Sep 2010 17:00
Footsie gave up a brief rally to close in the red on an uncertain day's trading in the wake of Federal Reserve chairman Ben Bernanke's nervous comments on US economic prospects yesterday. Shares in the US moved lower despite having rallied earlier. Similar sentiments to those expressed by Bernank
Read moreLondon afternoon: Miners shore up Footsie
22nd Sep 2010 14:45
Leading shares made steady progress over the lunch time session returning the blue-chip index more or less back to where it finished overnight. Mining stocks are primarily responsible for the Footsie's level position, with industrial metal miners such as Antofagasta, Kazakhmys and Rio Tinto now do
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