Sector movers: Economic outlook cheers miners
14th Oct 2009 14:49
Mining stocks are at the forefront of the advance today as metals prices advance, helped by news that China imported more copper in September than in the previous month. Among the risers are big firms such as Fresnillo, which said silver production increased 9.3% during its third quarter and said i
Read moreLondon midday: Shares soar on US earnings optimism
14th Oct 2009 12:12
Shares are racing away after US bank JP Morgan followed Intel and smashed through forecasts for the third quarter. Futures are pointing to more than a 120 point gain for the Dow when the US kicks off and UK shares are climbing in anticipation. Intel's results came in well ahead of expectations per
Read moreLondon open: Bulls charge ahead after Intel optimism
14th Oct 2009 08:44
The bulls are in full charge mode this morning after forecast-busting third quarter results from Intel raised optimism for a strong US third quarter earnings season and eventual US economic recovery. Intel, the world's largest computer chipmaker, reported an 8.3% drop in net income for the three mo
Read moreLondon pre-open: Buying spree predicted
14th Oct 2009 07:39
Forecast-busting third quarter results from Intel overnight look set to inject some life into proceedings today, with futures prices indicating big gains for London. The leading index is expected to add more than 50 points at the start of play following an optimistic outlook from the world's larges
Read moreRio iron ore production at record
14th Oct 2009 07:27
Mining giant Rio Tinto set a new record for iron ore production in its third quarter with shipments to China still high despite the row over the arrest and detainment of four employees on spying charges. The miner upgraded its 2009 iron ore production target by up to 7.5% after the third quarter p
Read moreLondon open: Footsie in the red
13th Oct 2009 08:35
Stocks have fallen in early trade, with miners aiding the decline and as investors wait nervously for a flood of results from the US. Miners Randgold, Lonmin, Antofagasta and Rio Tinto are lower on weaker metal prices. But Whitbread was hot property, adding more than 3% after it reported an impro
Read moreLondon close: Footsie highest in over a week
8th Oct 2009 16:33
Stocks ran out of steam mid-afternoon, trading as near to Wednesday's close as they had done all day, but strength on Wall Street inspired a late rally here. The top stocks were still mining companies as metal prices continued their march higher. Gold futures neared $1,060 an ounce as the dollar co
Read moreLondon afternoon: Equities in consolidation phase
8th Oct 2009 14:42
London's leading shares continued to trade sideways over the lunchtime session, consolidating the morning's gains. Mining stocks are responsible for much of the Footsie's buoyancy with Xstrata, ENRC, Kazakhmys, Antofagasta, Anglo American and BHP Billiton all going well. Vedanta is also on the u
Read moreFTSE 100 movers: Vedanta buoys miners
8th Oct 2009 12:17
Miners are higher after Vedanta said zinc, copper and aluminium operations were at full capacity during the second quarter as it revealed a 16% rise in refined zinc production and a 27% surge in iron ore output. Other risers from the sector include Kazakhmys, Antofagasta, Eurasian Natural Resources
Read moreLondon midday: Updates please investors
8th Oct 2009 11:46
Footsie is still in the blue as investors give a warm reaction to company announcements, though the leading share index is off its earlier highs. Vedanta leads the mining sector higher. The Indian giant said zinc, copper and aluminium operations were at full capacity during the second quarter as it
Read moreLondon open: Buoyant miners lift Footsie
8th Oct 2009 08:17
Buoyant mining shares are giving London's blue chips a lift in early dealings the day after gold hit a new record high. Nine out of the ten top FTSE 100 performers are miners. Lonmin is leading the way, closely followed by Xstrata, Rio Tinto, Fresnillo, Kazakhmys, Antofagasta, Vedanta Resources, An
Read moreLondon close: Miners lead Footsie recovery
6th Oct 2009 16:41
Mining stocks were at the forefront of a sharp rally in the FTSE 100 as the market recovered from a recent weak spell. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head higher. Reaction to Tes
Read moreLondon afternoon: Morning's gains consolidated
6th Oct 2009 14:36
Less than a dozen Footsie constituents are in the red this afternoon as the market recovers strongly on the back of buoyant mining shares. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head highe
Read moreSector movers: Miners lead fightback
6th Oct 2009 12:32
No sectors are in the blue Tuesday as shares roar ahead following a spell of weakness, helped by a strong performance from the mining sector. In industrial metals, copper prices climbed, helped by positive economic data from the US. Precious metals prices also climbed, with gold reaching an 18-mon
Read moreLondon midday: Miners push Footsie higher
6th Oct 2009 12:06
After a hesitant start, London's blue-chips have kicked on with mining stocks leading the way. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head higher. Reaction to Tesco's results was initial
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