FTSE 100 movers: Miners lifted by broker upgrade
22nd May 2009 12:28
Mining stocks helped recouped yesterday's losses after Goldman Sachs ramped up price targets across the sector in expectation of a China-fuelled rally in commodity prices. "Datapoints from China, and a more bullish outlook from our colleagues in the region, prompt us to analyse which metals might s
Read moreSector movers: Miners rampant after Goldman review
22nd May 2009 12:27
Mining stocks are helping Footsie win back some of yesterday's losses after Goldman Sachs ramped up price targets across the sector in expectation of a China-fuelled rally in commodity prices. "Datapoints from China, and a more bullish outlook from our colleagues in the region, prompt us to analyse
Read moreBroker tips: British Airways, Marstons, miners
22nd May 2009 12:07
Things are so volatile in the airline business at present that British Airways declined to give any trading guidance for the current financial year with its 2008/9 results announced on Friday, making it difficult for analysts to get a handle on the company's prospects. Charles Stanley is playing it
Read moreLondon midday: Miners keep Footsie ahead
22nd May 2009 12:05
Footsie has made progress helped by a Goldman Sachs upgrade of mining stocks though buyers in other areas are thin on the ground ahead of the bank holiday weekend. Goldman Sachs foresees capacity restraints affecting iron ore and copper production by 2011. 'In contrast, nickel and aluminium do not
Read moreBroker snap: Goldman note lifts miners
22nd May 2009 11:44
Mining stocks are helping Footsie win back some of yesterday's losses after Goldman Sachs ramped up price targets across the sector in expectation of a China-fuelled rally in commodity prices. "Datapoints from China, and a more bullish outlook from our colleagues in the region, prompt us to analyse
Read moreLondon 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
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