Monday newspaper round-up: Barclays, Savills, Publicis
29th Jul 2013 06:50
The Serious Fraud Office is expected to receive significant funding from the UK Treasury to help in its investigation into Barclays' emergency fundraising five years ago, according to the Financial Times. Property consultant Savills said its research shows almost 2,000 stores have in Britain have b
Read moreRio and BHP spend 3bn dollars bringing water to Chile desert
26th Jul 2013 07:47
Mining giants Rio Tinto and BHP Billiton have approved a joint 3bn dollar investment to construct a sea water desalination plant in the Chilean desert to support their joint Escondida project. BHP, which owns 57.5% of the Escondida project, has agreed to invest $1.97bn while on Friday Rio Tinto app
Read moreLondon open: Markets fall ahead of busy day for economic data
25th Jul 2013 08:29
Markets opened lower on Thursday morning as investors digested a raft of economic data and looked ahead to a series of key economic indicators due for release later on. The IFO survey on the business climate in Germany during July is due out this morning, along with the first estimate of second-qua
Read moreLondon close: Gains erased after US data misses forecasts
23rd Jul 2013 16:28
Worse-than-expected economic data from the US saw markets across Europe erase their earlier gains on Tuesday, as the FTSE 100 fell into the red despite a strong performance in the mining sector.. Home prices in the States continued to increase in May but at a worse-than-expected rate: the Federal H
Read moreSector movers: Hopes over Chinese growth drive mining stocks higher
23rd Jul 2013 15:00
Stocks in the mining sectors were shrugging off falls in metals prices on Tuesday with share prices surging as markets focused on upbeat comments from government officials in China, a huge importer of raw materials. Chinese Premier Li Keqiang is reported to have stood by the government target for e
Read moreFTSE 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
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