London open: Bright start for Footsie
16th Sep 2009 08:42
London's blue chips have made a strong start following on from Wall St's rise after US Fed chief Ben Bernanke called the US recession over. Miners are pushing on in sympathy with Bernanke's comments led by the majors Xstrata, Rio Tinto and Anglo American. Tullow Oil is the best performer after the
Read moreLondon close: Footsie fights back
14th Sep 2009 16:34
After toiling in the red all day, Footsie made a late push into positive territory to close above the 5,000 point mark. Miners were weak spot. Reports over the weekend suggested some commentators are concerned by the amount of speculative money that is flowing into the minerals sector. Meanwhile co
Read moreLondon afternoon: Resource stocks lose favour
14th Sep 2009 14:11
Resource stocks are friendless today as oil and metals prices shift into reverse. Reports over the weekend suggested some commentators are concerned by the amount of speculative money that is flowing into the minerals sector. Meanwhile copper prices have fallen for the fourth day in a row on over-s
Read moreLondon midday: Footsie stuck in the red
14th Sep 2009 12:32
Miners continue to weigh on the leading share index. ENRC and Kazakhmys are lower. Reports over the weekend suggested some commentators are concerned by the amount of speculative money that is flowing into the sector. Cooper prices have fallen for the fourth day in a row. Platinum refiner Johnson
Read moreLondon open: Dull start to week
14th Sep 2009 08:47
Footsie has dipped below 5,000 this morning with miners running into profit taking on talk that the recent metal price rally has run too far. Johnson Matthey, ENRC and Kazakhmys are the worst performers. Reports over the weekend suggested some commentators are concerned by the amount of speculative
Read moreLondon pre-open: Footsie set to dip below 5,000
14th Sep 2009 07:22
Footsie looks set to dip back below 5,000 this morning with traders anticipating the blue-chip index will open around 50 points lower. The Brazilian National Defence Council has approved the sale of Rio Tinto’s Corumbá iron ore mine in Brazil to Vale S.A for $750m. Rio, which sealed the deal back
Read moreBrazil approves Rio's Corumbá sale
14th Sep 2009 07:20
The Brazilian National Defence Council has approved the sale of Rio Tinto's Corumbá iron ore mine in Brazil to Vale S.A for $750m. Rio, which sealed the deal back in January, expects the acquisition to close shortly. It had also agreed to sell the associated river logistics operations in Paraguay
Read moreLondon close: Footsie clings on to gains
8th Sep 2009 17:01
Leading London shares closed mixed, with strong gains on resource stocks counter-balanced by losses on life assurance stocks. Kazakhmys, Antofagasta, Rio Tinto, Xstrata and Vedanta Resources led the mining sector higher, as metal prices improved. Gold miners Fresnillo and Randgold Resources were
Read moreLondon afternoon: Holiday stocks take flight
8th Sep 2009 13:56
After opening brightly London's leading shares have been treading water since the middle of the morning. Kazakhmys, Antofagasta, Rio Tinto, Xstrata and Vedanta Resources lead the mining sector higher, as metal prices improve. Gold miner Randgold Resources is wanted after the price of gold bullio
Read moreLondon midday: Gold shines to push Footsie higher
8th Sep 2009 11:56
Gold pushing through the $1,000 per ounce mark has helped Footsie post decent gains in the morning session with miners generally in demand again. Kazakhmys, Antofagasta, Rio Tinto, Anglo American, Xstrata, Randgold Resources and Vedanta Resources lead the mining sector higher. It is third time that
Read moreFTSE 100 movers: Miners on the march
8th Sep 2009 10:56
Mining sector giants including Kazakhmys, Fresnillo, Vedanta and Rio Tinto lift Footsie higher as metals prices advance. In precious metals, Randgold Resources is higher after gold broke through the symbolic $1,000 an ounce level. Outside the mining sector, Intercontinental Hotels is now the best
Read moreLondon open: Footsie starts flat
3rd Sep 2009 08:17
Footsie is flat in early deals with miners pushing the markets in one direction and financials and defensives dragging it the other. Amongst the major risers so far are miners Randgold Resources, Lonmin, Xstrata, Kazakhmys, Rio Tinto, Fresnillo and Vedanta Resources. the big fallers are RSA Insuran
Read moreLondon close: Comfortable gains posted
28th Aug 2009 16:40
London's benchmark index finished the day with decent gains, though off earlier highs, with banks and miners proving the catalyst. Lloyds was the major riser on rumours that it is considering alternatives to the government's toxic asset protection scheme (APS), which could include the sale of Scot
Read moreLondon afternoon: Shares aim higher
28th Aug 2009 14:27
London's blue chips have added to gains in afternoon trading ahead of what is expected to be a rosy start on Wall Street. US stocks are seen posting good gains after Intel hiked its third-quarter revenue outlook just before the open. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources,
Read moreLondon midday: Miners keep Footsie ahead
28th Aug 2009 11:33
Miners and financials are giving the markets a cheer before the extended weekend break. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources, Anglo American and Vedanta Resources are all amongst the major risers. Lloyds is amongst the risers on rumours that it is considering alternative
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