London 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
Read moreLondon close: Miners fire Footsie higher
2nd Nov 2009 16:23
Miners dominated London's top ten risers, offsetting weakness among financials, while promising US manufacturing data encouraged buyers over here. Randgold Resources was top of the pile as the price of gold topped $1,060 an ounce. It's also keen to bring the renamed Kibali mine into production as s
Read moreLondon afternoon: Market consolidates gains
2nd Nov 2009 15:11
Footsie has spent the afternoon session consolidating the morning's gains., with miners continuing to be the star performers while financials stumble. Sharply higher metal prices and news that Randgold Resources is keen to bring the renamed Kibali mine into production as soon as possible helped min
Read moreSector movers: Miners take the lead
2nd Nov 2009 13:44
Miners are the strongest performers thanks to sharply higher metal prices and news that Randgold Resources is keen to bring the renamed Kibali mine into production as soon as possible. Randgold and its joint venture partner AngloGold Ashanti agreed on Saturday to buy an additional 20% stake in the
Read moreLondon midday: Black morning for banks
2nd Nov 2009 12:10
Though it has not been a good morning to hold financial stocks, the FTSE 100 index still had a positive session, thanks largely to strong demand for mining stocks. Sharply higher metal prices and news that Randgold Resources is keen to bring the renamed Kibali mine into production as soon as possi
Read moreLondon close: Triple-digit losses for FTSE 100
28th Oct 2009 16:26
A poor performance from mining and financial stocks ensured that Footsie ended with triple-digit losses. Insurer Prudential, which saw a surge in US business but posted a fall in UK sales, was a heavy faller. The Pru lifted group-wide retail sales by 10% to £699m in the third quarter thanks largel
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