London afternoon: Stocks still in the same range
9th Apr 2010 14:06
Footsie is performing in the same range and is unlikely to get any direction from the US, which is due to start with modest gains. Resource stocks are underpinning strength in the Footsie with silver miner Fresnillo top of the tree. Xstrata is going well following reports in the Australian press th
Read moreFTSE 100 movers: Miners race ahead
9th Apr 2010 13:58
Miners are leading the way, with silver miner Fresnillo top of the tree. Xstrata is going well following reports in the Australian press that it is contemplating a bid for MacArthur Coal, the Australian miner that is, itself, attempting to take over smaller Australian rival Gloucester Coal. Mining
Read moreSector movers: Miners bounce back
9th Apr 2010 13:08
The mining sector is given a lift by an improvement in metals prices, which fell back yesterday. Among the risers is Rio Tinto, which said it is in talks with several of its iron ore customers about moving to quarterly pricing of iron ore contracts. Shares in US based bio-refining company GTL shot
Read moreLondon midday: Oil and mining stocks boost Footsie
9th Apr 2010 12:14
Resource stocks are underpinning strength in the Footsie today. Miners lead the way, with silver miner Fresnillo top of the tree. Xstrata is going well following reports in the Australian press that it is contemplating a bid for MacArthur Coal, the Australian miner that is, itself, attempting to ta
Read moreLondon open: Miners up on quiet day
9th Apr 2010 08:21
Miners are giving London's top stocks a lift on a relatively quiet day on the company news front. Xstrata is leading the way, closely followed by Kazakhmys, Antofagasta, Anglo American and Eurasian Natural Resources. Mining giant Rio Tinto is also up after it said it is in talks with several of it
Read moreLondon pre-open: Shares to bounce back
9th Apr 2010 07:40
Shares are expected to advance after slipping back yesterday. Mining giant Rio Tinto said it is in talks with several of its iron ore customers about moving to quarterly pricing of iron ore contracts. The move comes after rivals BHP Billiton and Vale switched to shorter term pricing arrangements.
Read moreRio Tinto to shift to shorter contracts
9th Apr 2010 07:01
Mining giant Rio Tinto said it is in talks with several of its iron ore customers about moving to quarterly pricing of iron ore contracts. The move comes after rivals BHP Billiton and Vale switched to shorter term pricing arrangements. Sam Walsh, chief executive Iron Ore and Australia, said "Rio
Read moreFriday newspaper round-up: Aviva, Petrol, Rio Tinto
9th Apr 2010 05:48
Aviva, the UK insurance group, is to re-enter the Asian general insurance market in the second major move in the region by a British insurer in two weeks. The group, which has a substantial Asian life insurance business, will announce on Friday that it plans to re-enter the general market five years
Read moreLondon close: Footsie bounds ahead
1st Apr 2010 16:57
London's blue chips moved forward again with miners and resource stocks driving the index upwards ahead of the Easter break. Footsie is now up by over 6% since the start of the year and by 45% over the past 12 months. Miners and oil companies were lifted as manufacturing activity accelerated in C
Read moreLondon afternoon: Footsie rise continues
1st Apr 2010 15:26
London's blue chips are being dragged forward by the US, which has opened very strongly ahead of the Easter break. Miners and oil companies continue to do well after manufacturing activity accelerated in China, while confidence in the Japanese manufacturing sector also improved. Xstrata, Randgold
Read moreLondon midday: Miners drive Footsie higher
1st Apr 2010 11:59
Resource stocks drove Footsie higher this morning ahead of the Easter break as commodity prices advance. Manufacturing activity has accelerated in China, while confidence in the Japanese manufacturing sector also improved. Xstrata, Randgold Resources, Rio Tinto and Vedanta Resources are the best p
Read moreLondon open: Miners and retailers in focus
1st Apr 2010 08:13
Miners are leading London's top stocks higher in early dealings, while investors also ponder a mixed bag of retail-related updates. Xstrata, Randgold Resources, Rio Tinto and Vedanta Resources are the best performers in the mining sector. The cold snap in the early part of the year and tougher com
Read moreRio Tinto sells another chunk of Alcan
31st Mar 2010 14:44
Rio Tinto's debt reduction programme continues in full swing with the miner announcing it has received a binding offer for its Alcan Beauty Packaging business, though it declined to reveal the sale price. The business is being acquired by Sun European Partners, the European adviser to Sun Capital P
Read moreLondon close: Footsie takes a late tumble
30th Mar 2010 16:55
A late dive in line with a slide into the red on Wall Street sent shares lower ahead of the close. US stocks were hit by worries over the sovereign debt situation. The retreat came as rating agency Standard & Poors cut Iceland's rating and after subdued demand for an auction of 12-year Greek debt.
Read moreLondon afternoon: Footsie seeking direction
30th Mar 2010 14:20
Footsie is still marking time as gains in the mining sector struggle to offset losses among banking stocks. Mining giant BHP Billiton is higher after saying it has successfully persuaded several of its iron ore customers in Asia to move to shorter term contracts. The renegotiated contracts cover th
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