Sector 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
Read moreLondon midday: Footsie bursts through 5200
9th Nov 2009 11:58
With the price of gold crashing through the $1,100 and other metal prices on the up, miners are leading a strong advance by Footsie. Demand for mining stocks has been spurred by comments at the close of the G20 summit pledging a continuing commitment to providing economic stimulation to the world e
Read moreLondon open: Miners and insurers lead the charge
9th Nov 2009 08:55
Leading shares have made a confident start to the week following the latest G20 meeting, with insurers and miners leading the way higher. A statement issued after this weekend’s G20 summit reassured marlkets that there would be no premature withdrawal of economic stimulus packages. “The recovery
Read moreBroker tips: Miners, Rentokil, Great Portland
6th Nov 2009 12:40
Miners have been put under the microscope by Standard & Poors Equity Research and Citigroup, with positive verdicts on BHP Billiton, Antofagasta and Rio Tinto. In a review of mid-cap miners Citigroup observes that the share price performance of Chilean copper miner Antofagasta has lagged the likes
Read moreBroker snap: Miners get a lift
6th Nov 2009 10:41
Miners have been put under the microscope by Standard & Poors Equity Research and Citigroup, with positive verdicts on BHP Billiton, Antofagasta and Rio Tinto. In a review of mid-cap miners Citigroup observes that the share price performance of Chilean copper miner Antofagasta has lagged the likes
Read moreLondon close: US sparks late rally
5th Nov 2009 16:21
A smaller than expected increase to the Bank of England's quantitative easing programme and and early surge on Wall Street helped Footsie overcome early losses and close in the blue. The central bank voted to pump an additional £25bn into the economy, taking QE to £200bn. It also kept interest rate
Read moreLondon afternoon: Footsie climbs into blue
5th Nov 2009 14:13
A smaller than expected increase to the Bank of England's quantitative easing (QE) programme and stronger US futures have hauled London into the blue. The central bank voted to pump an additional £25bn into the economy, taking QE to £200bn. It also kept interest rates at 0.5%. "The fact that the M
Read moreSector movers: Food producers and miners drop
5th Nov 2009 13:26
Food Producers & Processors is the worst performing sector after Unilever saw third quarter pre-tax profits drop by 43%, though volume growth of 3.6% came in better than expected. Pre-tax profits dropped to €1.42bn in the three month ended September compared with €2.50bn last year. Turnover was dow
Read moreLondon midday: BoE expands QE programme
5th Nov 2009 10:41
London's top stocks are trading quietly after their initial fall as investors mull the Bank of England's decision to extend its quantitative easing programme by a further £25bn to £200bn. Telecoms group Cable & Wireless has dropped after it revived plans to split itself in to two parts. The announc
Read moreLondon open: Shares start lower
5th Nov 2009 08:17
London's top stocks opened lower in line with the weaker trend seen in the afternoon session on Wall Street and losses overnight on Asian markets. The market has much to occupy itself ahead of the announcement later today of the Bank of England's decision on whether to extend its quantitative easi
Read moreCroda chief doubles his money
3rd Nov 2009 16:18
Croda International chief executive Michael Humphrey has taken up 109,300 shares via the senior executive option scheme and then sold most of them at nearly three times the price. The options were exercised at 256p a share, so the total cost was £280,000. The sale of 80,473 shares at 747.71p each
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