London close: Footsie slides again on euro woes
20th May 2010 16:34
London took its place in line on another miserable day for European stock markets as concern about the health of Europe sparked a switch into bonds. US shares also slumped as German chancellor Angela Merkel issued more controversial comments, including advocating a hands-on global response to marke
Read moreLondon afternoon: Footsie lower on weak US
20th May 2010 14:24
Futures pointing to a sharp dip in US markets early on knocked blue chips in London as the afternoon session got underway. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy". The broker sa
Read moreLondon midday: Footsie drifts into the red
20th May 2010 12:07
Footsie dipped into negative territory shortly before the lunch time session commenced, with miners largely responsible for the downturn. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy".
Read moreLondon close: Eurozone worries batter Footsie
19th May 2010 16:36
European concerns were behind sharp falls in shares today as plans by Germany to slap a ban on short-selling of European bonds, credit default swaps and ten of Germany's biggest financial groups spooked investors. German chancellor Angela Merkel's warning that Europe is facing its greatest crisis i
Read moreFTSE 100 movers: Miners worry about demand
19th May 2010 15:40
Footsie is heading lower and it is the miners that are prominent amongst the fallers. Fears for the European economy and the knock on effect on the global economy have hit mining shares. Xstrata and Rio Tinto are the worst performing mining shares and eight out of the ten worst performers are mini
Read moreLondon afternoon: Experian provides isolated cheer
19th May 2010 14:13
Leading shares trimmed their losses over the lunchtime session but the predominant colour on the Footsie leaderboard remains red. Mining companies lead the retreat on fears that Germany's decision to impose an immediate ban on "naked short selling" of euro-denominated government bonds and also cred
Read moreLondon midday: Markets on short fuse
19th May 2010 12:20
Water utility company Severn Trent was the only FTSE 100 constituent to advance during the morning session, as all of the others ended the morning underwater. If the move by Germany's financial regulator to impose an immediate ban on "naked short selling" of corporate debt last night was intended t
Read moreSector movers: Alternative energy bucks the downward trend
19th May 2010 11:13
Alternative energy is the only sector posting gains today, helped by a well-received trading statement from PV Crystalox Solar, the company that makes the silicon wafers used in solar power systems, as demand for its products improve. The company said shipment volumes for the first half of 2010 are
Read moreLondon close: Footsie dives as Europe worries grow
14th May 2010 16:51
Footsie slumped in line with markets in Europe and globally on concerns that measures to tackle the European debt crisis could spark widespread civil unrest and send the eurozone into a prolonged recession. Consumer spending is likely to come under pressure as European governments - including the U
Read moreLondon afternoon: New recession fears hammer markets
14th May 2010 15:50
Shares across Europe have have tanked on concerns that measures to tackle the European debt crisis could spark widespread civil unrest and send the eurozone into a prolonged recession. Consumer spending is likely to come under pressure as European governments - including the UK's - seek to address
Read moreSector movers: Miners under pressure
14th May 2010 13:14
Mining stocks are under pressure as concerns over economic conditions in Europe stoke fears over state of the global economy generally Southern European countries such as Greece, which has had to turn to its eurozone peers to stop its debt crisis from spilling over, and Portugal, which also has a
Read moreLondon midday: Footsie under pressure amid debt worries
14th May 2010 10:40
Shares are firmly in the red amid concerns that the European debt crisis has not been staved off and could hit company earnings. Consumer spending is likely to come under pressure as European governments - including the UK's - seek to address their difficult debt positions following the economic cr
Read moreLondon close: Blue chips make healthy gains
13th May 2010 16:33
London's top stocks rallied near the close to finish well up on the day as traders speculated on possible measures to cut the UK's debt burden. A VAT rise to 20% is a likely measure according to a group of economists questioned by the BBC. Justin King, chief executive of supermarket Sainsbury's,
Read moreLondon afternoon: Footsie still in the blue
13th May 2010 15:06
London's top stocks are easing down towards the close after a flat start on Wall Street and some calming down of the excitement over the plans of the new Conservative-Liberal government. The focus now is on just how they new government intends to get the UK's debt levels down, with a VAT rise to 20
Read moreSector movers: ENRC cheers mining sector
13th May 2010 14:00
Mining stocks are in demand after an upbeat trading statement from Kazakhstan's ENRC. Chiefs at ENRC are "pleased" with progress during the first quarter and say the recovery in demand, especially in China, continue to give it confidence for 2010. Revenue for the three months to 31 March "increase
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