London afternoon: Brokers boost banks
15th Apr 2010 14:25
Footsie is keeping its head above 5800, climbing a bit further over the lunch time session despite expectations of a soft start on Wall Street. After better than expected results from US investment bank JP Morgan yesterday investors are keen on UK banks such as Barclays, Royal Bank of Scotland and
Read moreLondon midday: Flat Footsie
15th Apr 2010 11:50
Leading shares remain mixed , with laggards among FTSE 100 constituents now marginally outnumbering leaders. Experian is the worst performing blue-chip. The credit checking firm saw revenues from continuing operations rise for the six months to March but revenues at its UK operations fell in the pe
Read moreLondon open: Modest gains
15th Apr 2010 08:43
London's benchmark index has kicked off with modest gains with banks proving popular early on. Investors are keen on the likes of Barclays, Royal Bank of Scotland and HSBC Holdings But they seem unsure about Rio Tinto, which released a first quarter update. The group said its operation continued
Read moreRio benefits from China demand
15th Apr 2010 07:49
Miner Rio Tinto said in the first quarter most of its operation continued to run at capacity with Chinese demand growing strongly and recovery in the West but it was still cautious about short term volatility. Rio Tinto's global iron ore production was up 39% on the first quarter of 2009. Pilbara
Read moreLondon close: Footsie ends week higher
9th Apr 2010 16:58
Footsie bounced back from Thursday's decline and ended the week strongly. The index is nearly 0.5% higher over the week as a whole. Resource stocks were a positive influence in the Footsie with silver miner Fresnillo top of the tree. Xstrata ended the week well following reports in the Australian
Read moreLondon 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
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