London 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
Read moreLondon midday: Stocks flat as markets digest mixed data
16th Jul 2013 11:46
The UK stock market was flat on Tuesday morning, pausing for breath after hitting highs not seen in seven weeks, as investors reacted to a barrage of mixed economic data. The UK annual consumer price index (CPI) hit a 14-month high of 2.9% in June, up from 2.7% in May. While this came in slightly b
Read moreBroker tips: Retailers, Babcock, Rio Tinto
16th Jul 2013 11:45
Nomura has lifted its view on the UK retail sector from 'neutral' to 'bullish', even though the category has outperformed the wider market so far this year. Nomura has raised its recommendation for electrical retailer Dixons from 'neutral' to 'buy', lifting its target price from 31p to 60p, saying
Read moreBroker snap: Rio Tinto a 'buy' after Q2 beat
16th Jul 2013 10:53
Investec has maintained its 'buy' rating and 3,303p target price for diversified mining group Rio Tinto after the firm's upbeat second-quarter operational update on Tuesday. Analyst Hunter Hillcoat said that the most important division, iron ore, delivered production ahead of Investec's forecasts:
Read moreLondon open: Markets flat ahead of economic data
16th Jul 2013 08:24
The FTSE 100 opened flat on Tuesday morning, holding on to a near a seven-week high, as investors paused for breath ahead a barrage of economic indicators due out during the session. London's benchmark index had closed at 6,586 on Monday, its highest closing level since May 30th when it reached 6,6
Read moreLondon pre-open: Small gains expected ahead of economic data
16th Jul 2013 07:51
Another record close on Wall Street and a decent finish on Asian markets are expected to push UK stocks into positive territory in early trading on Tuesday. City sources predict the FTSE 100 will open up around 10 points from yesterday's close of 6,586. Citigroup yesterday joined Wells Fargo and J
Read moreRio Tinto delivers record iron ore output in first half
16th Jul 2013 07:08
Diversified mining group Rio Tinto was able to work through a equipment issues and unseasonal wet weather in Australia to deliver record iron ore production in the first half. Output across most other commodity classes also increased year-on-year, though falls were reported in hard coking coal pro
Read moreLondon open: FTSE 100 near seven-week high after China data
15th Jul 2013 08:24
Worries about a sharp slowdown in China temporarily eased on Monday morning, pushing the FTSE 100 to levels not seen in nearly seven weeks. London's benchmark index started the new week trading near the 6,600 level early on. The last time the FTSE 100 closed higher was on May 30th. "European marke
Read moreLondon open: Markets extend gains after record highs on Wall Street
12th Jul 2013 08:51
Markets looked set to end the week on a high note with financial stocks lifting the FTSE 100 higher in early trading on Friday, as sentiment was buoyed by record highs on Wall Street last night. Both the Dow Jones and S&P 500 indices closed at their highest ever levels on Thursday, while the Nasdaq
Read moreLondon close: Miners lead FTSE 100 higher after Bernanke comments
11th Jul 2013 16:46
Dovish comments from Federal Reserve Chairman Ben Bernanke sparked a sharp fall in the dollar and a strong rise in commodity prices on Thursday, sending mining equities soaring in London. The FTSE 100 finished the session up 38 points (+0.6%) at 6,543, a level not seen since June 4th, with resource
Read moreSector movers: Miners track metals higher after Bernanke comments
11th Jul 2013 15:49
Rising commodity prices lifted equities in the mining sectors on Thursday with gold stocks among the best performers as the price of the precious metal jumped the most in a year on the back of comments from Federal Reserve Chairman Ben Bernanke. Bernanke said last night that the US economy needs "h
Read more