Sector movers: Chinese trade data gives miners a boost
8th Aug 2013 15:19
Better-than-expected trade figures from China boosted stocks in London's mining sector on Thursday, as equities recovered after some sharp falls in recent days. Disappointing results from heavyweight precious metal groups Randgold and Fresnillo have weighed on the sector this week, with investors a
Read moreFTSE 100 movers: Aviva jumps as first-half results impress
8th Aug 2013 14:41
Aviva's share price surged on Thursday after the insurer beat forecasts in the first half as its turnaround continues. The firm reported a five per cent rise in operating profit to 1,008m pounds, ahead of the 933m-pound estimate, while the value of new business jumped 17 per cent to 401m pounds. "I
Read moreLondon midday: Aviva, miners help FTSE 100 snap losing streak
8th Aug 2013 11:53
Markets were on the advance on Thursday morning as well-received results from insurer Aviva and strong gains in the mining sector helped the FTSE 100 rebound after four straight days of losses. Miners in particular were boosted by better-than-expected trade figures from China, as stocks in the sect
Read moreLondon open: Chinese trade data lifts markets after sell-off
8th Aug 2013 08:21
Better-than-expected trade figures from China helped push markets in positive territory on Thursday morning but sentiment was still fragile following the heavy sell-off the day before. Concerns about a tapering of stimulus by the Federal Reserve and an underwhelming forward guidance statement from
Read moreRio Tinto results in line, agrees funding to Turquoise Hill - UPDATE
8th Aug 2013 07:30
Rio Tinto has made progress in its cost cutting and volume growth plans by the interim stage and has agreed to provide Turquoise Hill Resources with financing for the development of the Oyu Tolgoi mine in Mongolia. Underlying earnings fell 18% to $4.2bn, which reflected lower average market prices
Read moreLondon close: Markets choppy on tapering concerns
6th Aug 2013 17:02
It was a choppy session on Tuesday with the FTSE 100 struggling for direction early on before sinking firmly into the red as concerns of a 'tapering' of stimulus in the US dampened sentiment. The FTSE 100 finished down 15 points at 6,604, though closed well off its intraday low after a late rally.
Read moreSector movers: Miners track metals lower; Fresnillo drops
6th Aug 2013 15:32
Falls in commodity prices across the board were weighing on share prices in the mining sector on Tuesday, with precious metals group Fresnillo leading the way lower after a poorly-received first-half report. "After a decent run-up in recent weeks, blue-chip mining stocks have cooled [...] as lower
Read moreFTSE 100 movers: Fresnillo leads miners lower
6th Aug 2013 15:10
Mining stocks were dominating the fallers list on the FTSE 100 on Tuesday with precious metals group Fresnillo leading the way lower following some disappointing first-half results. Fresnillo's share price was down nearly 9.5% in afternoon trade after a 27% decline in gross profit to $518.9m in the
Read moreLondon midday: Markets trim losses after UK data, StanChart
6th Aug 2013 11:23
Markets had recovered some lost ground by Tuesday lunchtime following some early falls, as data showed that the UK economic recovery continues to gather momentum and results from banking group Standard Chartered were well received. The FTSE 100 opened firmly in the red this morning, dampened by wea
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreLondon close: Markets surge on upbeat data, policy decisions
1st Aug 2013 16:43
Markets rose strongly on Thursday as investors reacted to dovish comments from central banks across the globe, upbeat economic data and well-received results from UK banking group Lloyds. The FTSE 100 finished 61 points higher at 6,682 today, rising to levels not seen since the end of May. "The th
Read moreLondon midday: Markets rise with central banks in focus
1st Aug 2013 11:43
Stocks were making decent gains on Thursday morning, helped by some dovish remarks from the Federal Reserve and some stronger-than-expected data from China, with Lloyds leading the FTSE 100 higher after its first-half results. It's been a busy week on the macro-economic calendar with policy decisio
Read moreLondon open: Lloyds leads FTSE 100 higher early on
1st Aug 2013 08:56
Upbeat Chinese data and some impressive first-half results from Lloyds helped boost markets on Thursday morning, though the focus is likely to turn to central-bank decisions in the UK and Europe later on. "With the Bank of England and European Central Bank likely to announce uneventful policy decis
Read moreRio Tinto announces delay of Oyu Tolgoi mine
29th Jul 2013 09:48
Rio Tinto's Oyu Tolgoi copper mine in Mongolia has been delayed after the nation's government said the terms of the project financing secured for the underground development will need parliamentary approval. The Mongolian Parliament is currently in summer recess and the approval process may take so
Read moreRio Tinto sells controlling stake in Northparkes mine
29th Jul 2013 07:44
Rio Tinto has disposed its 80 per cent interest in the Northparkes copper-gold mine in the Australian state of New South Wales to China Molybdenum. The miner sold the controlling stake for $820m in an effort to cut debt and protect its single-A credit rating. Rio Tinto's Chief Financial Officer, C
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