London open: Wall St rally boosts Footsie
13th Oct 2010 08:48
Last night's recovery on Wall St following the Federal Reserve's hint at further stimulus measures has boosted London early on despite a big bank cash call. Standard Chartered, the emerging markets focused bank, is preparing for stricter capital requirements for banks with a £3.26bn cash call. The
Read moreLondon close: Footsie rallies but falls short
8th Oct 2010 16:37
Footsie made a late charge for positive territory ahead of the close, in line with buoyancy in the US, but fell just short. The positive performance in the US was in spite of non-farm payrolls declining 95,000 in September when they had been expected to remain virtually unchanged. The 'glass half f
Read moreLondon afternoon: Shares rally on QE hopes
8th Oct 2010 14:37
US jobless data proved to be much worse than expected, with non-farm payrolls declining 95,000 in September when they had been expected to remain virtually unchanged, but the 'glass half full' optimists have taken the view that this makes a resumption of economic stimulus by the Federal Reserve more
Read moreLondon open: Quiet start ahead of jobs data
8th Oct 2010 08:52
London has opened quietly as traders focus on the US where September's non-farm payrolls numbers are due to be released this afternoon. Expectations are for a 5,000 increase in non-farm payrolls, while the unemployment rate is expected to nudge up to 9.7% from 9.6% in August. Until those numbers a
Read moreLondon close: Higher finish for Footsie as miners march ahead
6th Oct 2010 16:48
It was the surge in US shares yesterday rather than today's nervous performance that provided a lead for Footsie, helping London's top share index close with good gains. A nasty jobs report sent jitters through US markets. Private sector employers cut 39,000 jobs in September, against a gain of 10,
Read moreLondon 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
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