London open: Miners lead Footsie lower
19th Nov 2009 08:19
Miners are leading London's top stocks lower in early dealings on Thursday, while investors also have a stream of company updates to consider. Nine out of the ten worst performers are miners. Fresnillo, Xstrata, Antofagasta, Rio Tinto, Anglo American, Vedanta Resources, Eurasian Natural Resources,
Read moreLondon close: Four-day rally is over
17th Nov 2009 16:31
The leading index finished near its worst levels of the session as weaker banks and mining heavyweights brought a 4-day winning streak to an end. The dollar's bounce off Monday's 15-month low hurt metal prices. Federal Reserve chairman Ben Bernanke said last night that the Fed will conduct policy i
Read moreLondon afternoon: Inflation concern rears its head
17th Nov 2009 14:10
A rise in UK inflation has raised the prospect of an end to the Bank of England's quantitative easing programme and added to an already downbeat mood in the equity market. UK inflation increased for the first time in eight months in October following a rise in oil prices and a stronger pound. The C
Read moreLondon midday: Footsie still stuck lower
17th Nov 2009 12:11
Footsie remains a few points in the red despite some gains on the back of company updates. Inter dealer-broker ICAP is up despite interim profits falling as it added that trading activity had picked up in September. Telephone giant Cable & Wireless is top of the pile on news it is to demerge into
Read moreLondon close: Good as gold
16th Nov 2009 16:56
Footsie came close to breaching the 5400 barrier, helped by a positive start on Wall Street, but profit taking set in at the end of the session and gains were pared. Much of the blue-chip index's advance was down to mining stocks, which were in demand as metal prices continue to head north. Lonmi
Read moreLondon afternoon: Sainsbury slides on sales leak
16th Nov 2009 14:31
After getting off to a flying start, the FTSE 100 index has drifted sideways since the middle of the morning. A larger part of the blue-chip index's gain is down to mining stocks, which are in demand as metal prices continue to head north. Lonmin leads the sector higher despite reporting a full-y
Read moreLondon midday: Early gains consolidated
16th Nov 2009 12:11
Stock prices saw a modest amount of profit taking after the Footsie hit a 14-month high. Lonmin is leading the mining sector higher despite reporting a full-year loss. The South African platinum miner fell into the red in the year to September 30 as prices for the precious metal slumped in line wit
Read moreLondon open: Winning start to week
16th Nov 2009 08:42
Mining heavyweights head the pack Monday, notching up strong gains on record gold prices and demand for other metals. Randgold is top of the pile after gold hit a new record high. Rio Tinto, Xstrata and Kazakhmys are also riding high. Even Lonmin is better despite reporting a full-year loss. The S
Read moreRio Tinto in mining technology alliance
12th Nov 2009 08:10
Mining giant Rio Tinto has entered into a technology alliance agreement with Chilean copper miner Codelco. Codelco, more formally known as the Corporación Nacional del Cobre de Chile, and Rio will work together on ‘next generation copper mining’ and processign technology development. The aim of th
Read moreLondon afternoon: Share prices froth over
11th Nov 2009 14:12
Share prices are coming off the top, though Footsie remains comfortably in positive territory thanks to strong demand for miners and insurers. Miners are wanted as metal prices pick up following news that Chinese industrial output rose to a 19-month high in October. BHP Billiton, Kazakhmys, Rio Ti
Read moreSector movers: Miners on the march
11th Nov 2009 14:02
Strong metals prices are lifting mining stocks higher. Randgold Resources rebounds after falling yesterday on the back of third quarter production figures that failed to please the market. It is pipped to the top spot by Fresnillo, which mines for silver in Mexico. Meanwhile, industrial metals f
Read moreLondon midday: Footsie hits intra-day high for 2009
11th Nov 2009 12:15
The Footsie is hovering around its high for the year of 5300, after better than expected UK unemployment figures. Sentiment was little affected by Bank of England governor Mervyn King saying he thinks inflation will rise above the 2% target set by the government as the impact of quantitative easi
Read moreLondon open: Stocks advance early on
11th Nov 2009 08:34
Buyers have piled into mining heavyweights again as metal prices continue to surge, while trading updates and results give International Power and Sainsbury's a boost. Sainsbury's has posted a healthy rise in profits in the 28 weeks to October 3, but repeated a warning that lower food price inflati
Read moreLondon close: Miners power Footsie gains
9th Nov 2009 16:31
Mining stocks were at the vanguard of a strong advance from FTSE 100 as commodity prices were boosted by plans outlined by world leaders over the weekend to continue with stimulus measures. Kazakhmys, Fresnillo, Rio Tinto and Vedanta were some of the best performers in the mining sector. Mining g
Read moreLondon afternoon: Cadbury rejects Kraft bid
9th Nov 2009 14:23
After all the waiting and speculation, the formal bid for Cadbury from US group Kraft Foods proved a disappointment, but it has not dampened sentiment in a buoyant London market. Kraft formally announced a bid for Cadbury on the same terms as the indicative offer announced at the beginning of Septe
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