London close: Footsie adds to week's gains
17th Jul 2009 16:28
Footsie rounded off its best week since March with more gains. Miners were prominent among the risers. Eurasian Natural Resources, Xstrata, Vedanta Resources and Rio Tinto are doing well. British Airways climbed after saying it is raising £600m, including a £300m convertible issue and another £30
Read moreLondon midday: Footsie on course for strong week
17th Jul 2009 12:15
London is heading for its best week in three months as miners climb, while British Airways is flying high despite a £100m first quarter loss. The FTSE 100 got off to a decent start following a late rally on Wall Street last night and better than expected numbers from IBM and Google and has carried
Read moreThursday newspaper round-up: City pay, Rio Tinto, BT
16th Jul 2009 06:19
The pay and bonuses of hundreds of high-flying City traders and dealmakers will have to be publicly disclosed under a Treasury-backed plan to curb excessive and risky remuneration. Alistair Darling, chancellor, wants banks to be more transparent about what they pay their top earners to expose them t
Read moreLondon close: Footsie in triple-digit advance
15th Jul 2009 16:29
Footsie climbed more than 100 points as optimism over the prospects of an economic recovery sent stocks soaring around the world. Insurer RSA to being talked of as a takeover target, with Italy's life assurance group Generali touted as the likely predator. Elsewhere in the sector Prudential and L
Read moreLondon afternoon: Equities continue winning streak
15th Jul 2009 14:52
London is on the rise for the third day in a row, a winning steak not previously seen this month. Resource stocks and insurers lead the way. Insurer RSA to being talked of as a takeover target, with Italy's life assurance group Generali touted as the likely predator. Elsewhere in the sector Prude
Read moreLondon midday: Footsie posts good gains
15th Jul 2009 12:17
London's blue chips are now pushing on strongly ahead of what is expected to be a strong start on Wall Street after the good numbers last night from chipmaker Intel. Over here, it is the turn of insurer RSA to enter the frame as a takeover target, with Italy's life assurance group Generali touted a
Read moreAussie PM warns China in Rio spy row
15th Jul 2009 12:07
Australian Prime Minister Kevin Rudd waded into the Rio Tinto spy scandal, warning China about its behaviour over the incident just as Aussie miners stop shipments of iron ore to China's steel producers. China has attracted criticism following its decision to arrest four Rio Tinto employees, one of
Read moreSector movers: Metal rally boost miners
15th Jul 2009 09:33
News from mining stocks is mixed today, but higher metals prices lift the sector. Production jumped 19% at Hochschild during the second quarter, putting the Latin America-focused precious metals miner "firmly on track" to hit its full year production target of 28 million silver equivalent ounces.
Read moreLondon open: Early gains for blue chips
15th Jul 2009 08:59
London is pushing on buoyed by yesterday's recovery in the US from an early loss to 27-point gain by the close of play. Better than expected results from Intel and Goldman Sachs appear to have whetted investors' appetites for equities. Land Securities is going well after it said it is beginning t
Read moreLondon pre-open: Move higher expected
15th Jul 2009 07:36
It looks like being a bright start for London on Wednesday following yesterday's recovery in the US from an early loss to 27-point gain by the close of play. Better than expected results from Intel and Goldman Sachs appear to have whetted investors' appetites for equities. Futures prices indicate a
Read moreRio Tinto cuts aluminium output
15th Jul 2009 07:03
Miner Rio Tinto continued to experience "difficult" conditions at its aluminum business during the second quarter, with production there down 5% on the same time last year. Aluminium enjoyed a slight improvement on the first quarter, though, falling to 942,000 tonnes, 1% lower than the first three
Read moreLondon close: Stocks pull out of tailspin
14th Jul 2009 17:09
Indecision on Wall Street prompted a spell of profit taking in the UK in the middle of the afternoon session which threatened to wipe out the morning's gains, but London's blue-chips rallied at the death to keep the Footsie in the blue. Mining stocks were the best performers with silver miner Fresn
Read moreLondon afternoon: Footsie climbs despite weak retailers
14th Jul 2009 14:10
London's leading shares continue to edge higher, with sentiment given a boost in the afternoon by expectations of a moderately firm start on Wall Street and a strong set of second quarter results from US bank Goldman Sachs, which announced record revenues. Mobile phone giant Vodafone, the third lar
Read moreFTSE 100 movers: Vodafone knocked by UBS downgrade
14th Jul 2009 12:36
Vodafone is losing share in three of its four main European markets according to UBS, which has downgraded its rating of the mobile phone giant. The Swiss bank believes the stock is a short-term sell and has switched its medium-term recommendation to "neutral" from "buy" while cutting its price tar
Read moreLondon midday: Early gains are consolidated
14th Jul 2009 12:11
The Footsie is trading sideways, holding on to gains after a bright start. Inflation data was much as expected, with the inflation rate falling below the Bank of England's 2% target for the first time since September 2007 last month. The Office for National Statistics (ONS) revealed a drop in consu
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