FTSE 100 movers: RBS leads march south
13th Jun 2013 14:28
Royal Bank of Scotland led the march of the blue chips southwards on Thursday after pressure from the bank's government owners led to the resignation of Chief Executive Stephen Hester. Although the bank's plans to slash costs in its investment banking arm leaked out, brokers rallied to praise Heste
Read moreLondon pre-open: Sharp falls expected after volatile session in Asia
13th Jun 2013 07:29
The FTSE 100 is expected to extend its current losing streak into its fourth day following heavy falls on Wall Street and another volatile session for Asian markets overnight. Continuing uncertainty regarding the Federal Reserve's 'exit strategy' from stimulus and a strengthening yen saw Japan's Ni
Read moreRio Tinto sells US project as cost cutting continues
13th Jun 2013 07:05
Rio Tinto has agreed to sell its US-based Eagle nickel-copper mine for 325m US dollars cash as part of a series of asset sales planned by new Chief Executive Sam Walsh. The UK-headquartered mining group has reached a binding agreement with Canadian company Lundin Mining Corporation and said it exp
Read moreLondon close: Stocks finish lower after choppy session
10th Jun 2013 16:57
Monday saw another choppy session on financial markets in the midst of mixed economic data from Asia, though stocks finished firmly off their lows after S&P raised its outlook for the US. Wall Street benchmark opened in positive territory after the opening bell as ratings agency S&P upped its view
Read moreSector movers: Mining sector at three-year lows after Chinese data
10th Jun 2013 15:35
Mining stocks were out of favour on Monday afternoon on the back of concerns about a slowing Chinese economy, with the sector falling to its worst levels in three years. Plummeting commodity prices, a slowdown in Chinese growth and worries that stimulus measures in the US could soon be scaled back
Read moreFTSE 100 movers: Severn Trent sinks as takeover is put on the line
10th Jun 2013 14:16
Water group Severn Trent was a heavy faller on the FTSE 100 on Monday after rejecting the latest takeover proposal from international consortium LongRiver Partners at 2,200p per share. A spokesman from the consortium responded by saying that it would not make a further proposal for Severn Trent if t
Read moreLondon midday: Losses pared as traders digest Asian data
10th Jun 2013 11:38
Sharp falls across the mining sector pushed the FTSE 100 into negative territory on Monday morning as economic figures from China disappointed, though markets rebounded slightly as growth in Japan was revised higher. A slowdown in Chinese inflation, bank lending, money supply growth and industrial
Read moreLondon open: Gloomy Chinese data weighs on markets early on
10th Jun 2013 08:17
Stocks pulled back on Monday morning on the back of a series of gloomy figures from economic powerhouse China, with Severn Trent leading the FTSE 100 lower as its potential takeover is put at risk. Markets across Europe and in the US finished firmly higher on Friday after a worse-than-expected read
Read moreLondon close: Markets surge as US data eases 'tapering' fears
7th Jun 2013 17:23
An in-line increase in US non-farm payrolls sparked an impressive surge on equity markets worldwide on Friday afternoon, as worries about the Federal Reserve scaling back its stimulus measures eased, for now at least. London's FTSE 100 finished up 76 points on the day (+1.2%) at 6,412. Nevertheless
Read moreFTSE 100 movers: Severn Trent jumps after LongRiver ups offer
7th Jun 2013 15:33
Severn Trent surged this afternoon after the LongRiver consortium upped its cash offer for the water provider following the rejection of an earlier proposal by the group earlier this week. The consortium has offered 2,200p per Severn Trent share, including the 45.51p dividend announced in May, whi
Read moreLondon close: Stocks fall after choppy day on mixed manufacturing data
3rd Jun 2013 17:03
A mixed bag of manufacturing results from across the globe resulted in a weak start to the new month for financial markets, with the FTSE 100 sinking to levels not seen in over four weeks. After a volatile session, the FTSE 100 finished 58 points lower at 6,525. The last time the index finished low
Read moreFTSE 100 movers: ARM drops as competition from Intel intensifies
3rd Jun 2013 14:57
Chip designer ARM Holdings was the worst top-tier performer of the day on Monday after Samsung confirmed that it would use an Intel processor in its new Galaxy tablets, a sharp blow to ARM whose chips had previously powered some of the South Korean firm's devices. ARM investors were shrugging off t
Read moreLondon midday: Losses pared after UK, Eurozone manufacturing data
3rd Jun 2013 11:42
Disappointing factory activity in China prompted sharp falls in early trading on Monday, though losses were pared by lunchtime after some better-than-expected manufacturing figures closer to home. The FTSE 100 sunk to an intraday low of 6,512 early on, falling to levels not seen since the start of
Read moreWSJ names companies reportedly eyeing Rio Tinto's stake in Canadian unit
3rd Jun 2013 11:15
The Wall Street Journal's news website Marketwatch.com has claimed that several companies may be considering making bids for FTSE 100-listed mining giant Rio Tinto's stake in its Canadian unit. Marketwatch claimed that the Canadian iron ore operations of Rio Tinto, Iron Ore Company of Canada, had b
Read moreLondon open: Stocks sink after Chinese manufacturing figures
3rd Jun 2013 08:27
A disappointing reading of Chinese manufacturing activity combined with the realisation that US stimulus may soon be trimmed weighed heavily on market sentiment on Monday morning. The FTSE 100 sunk by nearly one per cent early on, falling to levels not seen since the start of May, following sharp f
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