London close: Footsie finishes lower
5th Aug 2010 16:56
Blue chips closed lower on a mixed day for company results. Insurers rose on the back of figures from Aviva and RSA, but banks slipped back on Barclays' numbers. Disappointing unemployment data from the US also undermined confidence, while the decision from the Bank of England and ECB to keep inter
Read moreLondon afternoon: Insurers in demand
5th Aug 2010 14:23
Company results have divided opinion in the market today leaving the FTSE 100 in a mixed-up mood, while second-liners make decisive headway. Insurers are doing their bit to push the market higher with Aviva and RSA Insurance both firmer after releasing figures. Aviva reported a better-than-expect
Read moreLondon midday: Footsie stays strong after rally
5th Aug 2010 12:32
Footsie seems to have stabilised in positive territory amid a mixed reception for today's deluge of company updates. There were no surprises from the Bank of England today as its Monetary Policy Committee kept rates on hold at 0.5%. Insurer Aviva is currently the best performer after it reported a
Read moreLondon open: Shares drop amid flood of results
5th Aug 2010 08:20
London's blue chips are slightly lower as investors consider a mixed bag of corporate results on what is set to be one of the busiest days of the year. Cobham is leading the fallers, down more than 6%, after the defence and aerospace products group saw pre-tax profits fall in the half year to June
Read moreRio Tinto posts record profit
5th Aug 2010 07:32
Mining giant Rio Tinto posted a record 125% jump in half year earnings and said it looks to the future with confidence. In a separate statement, the group said it received a binding offer from funds affiliated with Apollo Global Management and the Fonds Stratégique d'Investissement (FSI) to buy a
Read moreLondon afternoon: Fire sale at BP continues
3rd Aug 2010 14:14
After yesterday's dramatic rise London is taking a pause for breath today and either digesting the steady stream of big company results already out this week or preparing for results from the giants of the insurance and banking sectors later this week. Insurance colossus Aviva , scheduled to releas
Read moreRio to invest extra $790m in iron ore operations
3rd Aug 2010 13:52
Rio Tinto said it will invest a further $790m in its drive to expand the annual capacity of iron ore operations in the Pilbara to 330 million tonnes. This brings total investment funds approved in recent weeks to $1bn. Rio Tinto chief executive Iron Ore and Australia Sam Walsh said the new invest
Read moreLondon close: Footsie fights back
3rd Aug 2010 09:28
Footsie fought hard to finish in the blue after easing back following yesterday's surge, and was just a whisker short of positive territory at trading's close. An improvement on Wall Street after a shaky start breathed life into London's leading share index. Insurance colossus Aviva , scheduled to
Read moreRio Tinto To Invest $170M In Next Stage Of Simandou Project
2nd Aug 2010 15:36
By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Anglo-Australian miner Rio Tinto PLC (RTP) Monday said it had approved $170 million to further fund the construction of the rail and port infrastructure related to its flagship Simandou iron ore project in Guinea. The investme
Read moreRio Tinto earmarks $175m for Simandou
2nd Aug 2010 15:07
Rio Tinto is pumping another US$175m (£110m) into it Simandou iron ore project in Guinea to cover mine, rail and port infrastructure work. The miner, which finalised a joint venture deal for the project with Chinese state-owned miner Chinalco last week, has already spent $650m on exploration, commu
Read moreRio Tinto To Invest Further $170M In Simandou Iron Ore
2nd Aug 2010 14:12
LONDON (Dow Jones)--Rio Tinto PLC (RIO.LN), a metal and mineral production company announced Monday it has advanced to the next stage of developing its Simandou iron ore project in Guinea, approving $170 million of further funding for mine, rail and port infrastructure work. MAIN FACTS: -The
Read moreHEARD ON THE STREET: Mood Swing At Anglo American
2nd Aug 2010 06:30
This story was originally published Friday By Matthew Curtin A DOW JONES COLUMN With a stretched balance sheet, dysfunctional management, and unsolicited takeover approach, Anglo American PLC (AAL.LN, AAUKY) was not a happy company a year ago. Today, the mood has changed completely. But
Read moreHEARD ON THE STREET: Mood Swing At Anglo American
30th Jul 2010 15:39
By Matthew Curtin A DOW JONES COLUMN With a stretched balance sheet, dysfunctional management, and unsolicited takeover approach, Anglo American PLC (AAL.LN, AAUKY) was not a happy company a year ago. Today, the mood has changed completely. But reassuring as the resumption of its dividend an
Read moreCORRECT: Energy Resources Of Australia 1H Profit Tumbles 82%
30th Jul 2010 07:21
("=3rd UPDATE: Energy Resources Of Australia 1H Profit Tumbles 82%," at 0556 GMT, misstated the name of the broker in the 4th and last paragraphs, the 2nd UPDATE at 0324 GMT misstated the name in 4th paragraph, the UPDATE at 2356 GMT misstated the name in the 3rd paragraph and the story at 2303 GMT
Read moreUPDATE: Australia Opposition May Tweak Foreign Investment Laws
30th Jul 2010 06:47
(Adds detail, Abbott quotes, government quotes) By Rachel Pannett Of DOW JONES NEWSWIRES CANBERRA (Dow Jones)--Australia's opposition leader Tony Abbott said Friday his Liberal-National coalition of center-right parties could revise the country's foreign investment laws if it wins powe
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