London open: Footsie trades sideways as BA stalls
22nd May 2009 08:34
London's top stocks have opened flat, as expected, with good gains from the miners undermined by a grim trading update from British Airways. The airline said it will focus on cutting capacity and keeping a lid on costs after weak economic conditions and high fuel costs sent the airline tumbling in
Read moreRio boosted by talk of Chinalco changes
22nd May 2009 08:33
Shares in Rio Tinto rallied on persistent talk that its deal with Chinese aluminium firm Chinalco is about to be redrawn. Reports in the Australian press overnight suggest major shareholders still remain very unhappy over the deal, especially as commodity prices have recovered strongly in recent mo
Read moreFriday newspaper round-up: Royal Bank of Scotland, Rio Tinto, AIG
22nd May 2009 06:18
Sir Sandy Crombie, the chief executive of Standard Life and the architect of its demutualisation, is to join the board of Royal Bank of Scotland, The Daily Telegraph has learnt. The appointment of Sir Sandy, 60, who is expected to join RBS in July, will be confirmed on Friday morning. He will beco
Read moreLondon close: Jittery Footsie finishes lower
20th May 2009 16:36
Footsie failed to sustain a slight rally that came after a positive US opening and finished in the red after an indecisive day's trading. Miners Lonmin, Rio Tinto, Vedanta, Randgold, Antofagasta and Kazakhmys all went well, while silver and gold producer Fresnillo was wanted after it said it has su
Read moreLondon afternoon: Wall St. sparks London rally
20th May 2009 14:49
A buoyant opening on Wall Street has encouraged UK shares to claw back the morning's losses and the FTSE 100 is now virtually back up to its overnight level. Banks are leading the revival, with Lonmin, Rio Tinto, Vedanta, Randgold, Antofagasta and Kazakhmys all going well, while silver and gold pro
Read moreLondon close: Miners and financials lead the way
19th May 2009 16:31
Strength among financial plays and miners guaranteed London gains Tuesday, although it had looked a close call following a weak start on Wall Street. A near-13% slump in US housing starts in April proved a drag mid-afternoon before US stocks regained their poise and moved higher. Anglo American fi
Read moreBroker tips: Glaxo, Rio Tinto, MITIE
18th May 2009 13:22
Drugs giant GlaxoSmithKline confirmed on Friday it has received orders for 127.9m doses of its anti-viral vaccine from four governments stockpiling medicines to be used in the treatment of the H1N1 flu virus. Broker Charles Stanley has estimated that these orders, along with other potential orders,
Read moreBroker snap: Upside limited for miners
18th May 2009 11:53
The mining sector is down 11% over the last week, adding weight to the growing number of voices suggesting that the sector's revival has been premature. US bank Citigroup has been reviewing the sector and is of the opinion that any good news likely to emerge in the next six months from miners has a
Read moreFTSE 100 movers: Miners hit by broker caution
18th May 2009 11:13
The mining sector is down 11% over the last week, adding weight to the growing number of voices suggesting that the sector's revival has been premature. US bank Citigroup has been reviewing the sector and is of the opinion that any good news likely to emerge in the next six months from miners has a
Read moreSector movers:
18th May 2009 11:02
Lloyds is leading the banking sector higher after Sir Victor Blank announced that he is planning to step down as chairman of Lloyds Banking by June next year, following continuing criticism of his bank's ill-fated purchase of rival HBOS. Lord Leitch has been appointed as deputy chairman with immedi
Read moreLondon close: Footsie ends on low note
15th May 2009 16:29
London closed lower after a lacklustre afternoon session with losses on properties and travel companies outweighing gains on miners. Shocking figures from property giant Land Securities on Wednesday still cast a shadow over the real estate investment trusts (REITs). LandSecs leads the sector lowe
Read moreLondon afternoon: Travel companies trip Footsie
15th May 2009 14:10
London continues its gentle downward drift, with losses on properties and travel companies outweighing gains on miners. The market seems unlikely to get any sort of lift from Wall Street which is expected to open moderately weaker. Shocking figures from property giant Land Securities on Wednesday
Read moreLondon midday: Rally stalls
15th May 2009 12:15
Weak properties and oils have pitched the Footsie into the red, despite the continued strength of banks and miners. Shocking figures from property giant Land Securities on Wednesday are still casting a shadow over the real estate investment trusts (REITs). LandSecs leads the sector lower but Hammer
Read moreLondon open: Banks give Footsie a boost
15th May 2009 08:48
Banks have helped Footsie make a bright start with reports that Barclays is considering new offers for its iShares arm boosting the whole sector. Barclays may backtrack on a deal to sell its iShares unit to CVC, the private equity group, and instead offload its entire asset management division for
Read moreRio Tinto 'committed' to Chinalco deal
15th May 2009 08:17
Rio Tinto, the world's third-largest miner, has received clearance from an American investment body that keeps its $19.5bn (£13bn) fundraising with China's Chinalco on track. A thumbs up from the Committee on Foreign Investment in the US (CFIUS) satisfies a regulatory pre-condition to the transacti
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