FTSE 100 movers: Miners hit hardest in market sell-off
20th Jun 2013 14:33
Heavy selling pressure was affecting indices across Europe and America on Thursday after the Federal Reserve warned that it would begin to taper its stimulus programme this year, meanwhile gloomy figures from China continue to point to a slowdown in the world's second-largest economy. As is often th
Read moreLondon midday: Markets drop over two per cent in Fed aftermath
20th Jun 2013 11:38
The Federal Reserve may have painted a better picture of the US economy last night, but the concept of a life without quantitative easing (QE) prompted a heavy sell-off on equity markets on Thursday morning, with indices across Europe hit hard following steep losses on Wall Street. The Federal Open
Read moreLondon open: 'Tapering' concerns hit markets hard as Fed signals end to QE
20th Jun 2013 08:26
Markets across Europe dropped sharply in early trading on Thursday after Federal Reserve Chairman Ben Bernanke last night signalled that the central bank could soon start to scale back its quantitative easing (QE) programme. Fed confirms QE taper Stocks on Wall Street last night were trading sligh
Read moreLondon midday: Stocks slip after EU jobs data
14th Jun 2013 11:47
The upbeat tone seen from markets in early trading on Friday morning didn't last for long, with the FTSE 100 slipping into the red by midday after some gloomy data from Europe. Strong gains on Wall Street last night prompted a decent start in London this morning on expectations that the Federal Res
Read moreLondon open: FTSE 100 tracks US and Asian markets higher early on
14th Jun 2013 08:46
Stocks were registering moderate gains on Friday morning as fears over the Federal Reserve's eventual 'exit strategy' from stimulus were eased overnight. Wall Street benchmarks rose strongly on Thursday on expectations that Fed Chairman Ben Bernanke will attempt to calm markets by pushing back pred
Read moreFTSE 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
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