FTSE 100 movers: Miners jump; Tullow sinks after well update
23rd Jul 2013 14:44
Mining stocks were among the best performing stocks on Tuesday as concerns over a 'hard landing' in China were eased by comments from the Premier and his second in command. Chinese Premier Li Keqiang is reported to have stood by the government target for economic growth of 7.5% in 2013 and assured
Read moreLondon midday: FTSE 100 lifted by Sage, mining stocks
23rd Jul 2013 11:38
A well-received trading update from Sage Group and strong gains in the mining sector lifted the FTSE 100 into positive territory on Tuesday morning, with sentiment lifted by reassuring comments about Chinese economic growth. Chinese Premier Li Keqiang is reported to have stood by the government ta
Read moreLondon open: Miners jump on hopes over Chinese growth
23rd Jul 2013 08:17
Fading hopes of a 'hard landing' in China lifted stocks in the heavyweight mining sector on Tuesday, meaning that the FTSE 100 opened with solid gains early on. Chinese Premier Li Keqiang assured that economic growth would not fall below the bottom line this year of 7.0%. He called for the governme
Read moreBroker tips: Mining stocks, Essar Energy
22nd Jul 2013 11:53
Canaccord Genuity has kept its 'buy' rating for Rio Tinto and turned more positive on Antofagasta, highlighting the two mining majors as 'quality names at discount prices'. "Recent underperformance has opened up attractive entry points for mining names with good quality assets that should generate
Read moreBroker snap: Canaccord highlights attractive entry points into mining
22nd Jul 2013 09:32
Canaccord Genuity has kept its 'buy' rating for Rio Tinto and turned more positive on Antofagasta, highlighting the two mining majors as 'quality names at discount prices'. "Recent underperformance has opened up attractive entry points for mining names with good quality assets that should generate
Read moreLondon close: American tech giants weigh on global equities
19th Jul 2013 18:04
London's benchmark index closed at 6,631 on Friday, down by 4 basis points. The S&P 500 and Dow Jones closed at fresh all-time highs last night on the back of positive economic data and a raft of corporate earnings which came in better than expected. After the closing bell however, tech giants Goog
Read moreLondon midday: FTSE 100 pulls back from seven-week high
19th Jul 2013 11:25
Mining stocks were among the worst performers on Friday morning, providing a drag on the FTSE 100 as risk appetite declined following the index's seven-week high reached the day before. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th whe
Read moreLondon open: Stocks fall after gloomy figures from Microsoft, Google
19th Jul 2013 08:13
The FTSE 100 pulled back from a seven-week high on Friday morning after disappointing results from some Wall Street heavyweights last night. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th when it closed at 6,657. Both the S&P 500 and
Read moreLondon close: Stocks rally after Bernanke comments on QE
17th Jul 2013 16:58
Markets rallied on Wednesday afternoon following comments from Federal Reserve Chairman Ben Bernanke who said that quantitative easing (QE) is 'by no means on a pre-set course' and still depends on how the economic recovery plays out. "For markets, that's good news as the US economic recovery, thou
Read moreSector movers: BHP and Hochschild give miners a boost
17th Jul 2013 15:22
Rising metals prices and well-received production updates from BHP Billiton and Hochschild Mining were boosting mining stocks on Wednesday. BHP Billiton, the largest resources company in the world, pleased the market with its output report for the year ended June 30th, saying that it saw a strong p
Read moreLondon open: Miners, financials gain ahead of BoE minutes
17th Jul 2013 08:30
Markets edged higher on Wednesday morning with strong gains in the mining and financial sectors providing a lift ahead of key announcements from central banks in the UK and US. The minutes of the latest Bank of England policy meeting are due out this morning with investors waiting to hear what Mark
Read moreWednesday tips round-up: Rio Tinto, Dairy Crest, Yahoo
17th Jul 2013 06:39
Rio Tinto's production numbers on Tuesday showed the miner is operationally strong, especially in iron ore, The Telegraph's Questor said. The company mined 66m tonnes of iron ore in the second quarter, up 7.0 per cent year-on-year. Iron ore accounted for 86 per cent of earnings last year. Plans to i
Read moreLondon close: Stocks slip despite mining strength
16th Jul 2013 16:55
Strong gains in the mining sector weren't enough to lift the FTSE 100 on Tuesday as a number of upcoming 'risk events' prompted investors to pause for breath following a decent performance over recent weeks. The FTSE 100 finished down 30 points at 6,556, a fall of 0.45% on the day. London's benchma
Read moreSector movers: Miners rise across the board
16th Jul 2013 15:01
Mining stocks were the best performers on Tuesday afternoon, as metals prices rose on the back of a weaker dollar. Precious metal producers Fresnillo, Randgold and Polymetal were among the highest risers on the FTSE 350 as gold and silver futures advanced. Diversified mining group Rio Tinto was a
Read moreFTSE 100 movers: Miners track metal prices higher
16th Jul 2013 14:33
Mining stocks were the best performers on Tuesday afternoon, as metals prices rose on the back of a weaker dollar. Precious metal producers Fresnillo and Randgold were among the highest risers as gold and silver futures advanced. Diversified mining group Rio Tinto was also making gains after being
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