London midday: Early gains consolidated
16th Nov 2009 12:11
Stock prices saw a modest amount of profit taking after the Footsie hit a 14-month high. Lonmin is leading the mining sector higher despite reporting a full-year loss. The South African platinum miner fell into the red in the year to September 30 as prices for the precious metal slumped in line wit
Read moreLondon open: Winning start to week
16th Nov 2009 08:42
Mining heavyweights head the pack Monday, notching up strong gains on record gold prices and demand for other metals. Randgold is top of the pile after gold hit a new record high. Rio Tinto, Xstrata and Kazakhmys are also riding high. Even Lonmin is better despite reporting a full-year loss. The S
Read moreLondon pre-open: Heading higher
16th Nov 2009 07:49
Wall Street's strong display on Friday looks like sending London higher in early deals. The Dow Jones shrugged off some disappointing data to close up more than 70 points. Futures prices indicate the FTSE 100 will start about 39 points higher Monday. Miner Anglo American has strengthened its manag
Read moreRolls-Royce wins $2bn of new deals
16th Nov 2009 07:18
Rolls-Royce has won orders for its Trent engines from Air China and Ethiopian Airlines worth a combined $2bn (£1.2bn). Its Trent 700 engines will power 20 Air China Airbus A330 planes to be delivered from 2011. That will almost double Air China's Rolls-Royce powered A330 fleet to 43 and bring in $1
Read moreWednesday tips round-up: Lloyds, Barclays, Stagecoach
4th Nov 2009 06:35
The Telegraph says investors in UK banks had a lot to digest on Tuesday, what with the confirmation of Lloyds' £13.5bn rights issue and Royal Bank of Scotland (RBS) coming back to the taxpayer cap in hand and the asset sales forced upon the banks by European regulators. The paper suggests existing
Read moreLondon close: Footsie down but above 5,000
3rd Nov 2009 16:24
London's blue chips ended off session lows and back above the 5,000 level, helped by positive reaction to announcements from Lloyds Banking and Legal & General. Royal Bank of Scotland (RBS) remained resolutely out of favour, however, as the market reacted negatively to the revised terms of its part
Read moreLondon afternoon: Market licking its wounds
3rd Nov 2009 14:11
The FTSE 100 index clawed its way back above the 5,000 level over the lunch-time session, helped by positive reaction to announcements from Lloyds Banking and Legal & General. Royal Bank of Scotland (RBS) remains resolutely out of favour, however, as the market reacted negatively to the revised ter
Read moreLondon midday: Retreat turns into a rout
3rd Nov 2009 12:08
The list of FTSE 100 constituents is bereft of risers, as stocks move swiftly into reverse while the market digests developments relating to the part-nationalised UK banks. The government is injecting another £25.5bn into Royal Bank of Scotland (RBS), with a further £8bn available if things get wo
Read moreLondon open: Mixed reception for latest bank rescues
3rd Nov 2009 08:52
Footsie is lower as investors assess confirmation of bonus curbs, dividend cuts and asset sales from Royal Bank of Scotland and a £21bn cash call from Lloyds Banking Group. RBS will not be allowed to pay dividends for the next two years and have to divest its insurance arm and a raft of other busin
Read moreSteady as she goes at Rolls-Royce
3rd Nov 2009 07:04
Aero engine manufacturer Rolls-Royce is still expecting underlying revenues to grow this year and profits to be of a similar level to 2008. In a trading statement covering the second half of the year the company said trading activity across the group’s operations remains consistent with expectation
Read moreRolls-Royce bags $350m Turkish Airlines deal
2nd Nov 2009 16:11
Rolls-Royce has won a $350m (£214m) order from Turkish Airlines (THY) for Trent engines to power five Airbus A330 aircraft. The deal, which includes long-term TotalCare service support, will see aircraft deliveries begin in 2010. It follows July's $470m contract for engines to power seven THY A330
Read moreTuesday preview: Lloyds, AB Foods, Rolls-Royce
2nd Nov 2009 15:50
Part-nationalised lender Lloyds Banking Group's £25bn recapitalisation programme will finally be made public tomorrow, according to reports. The bank is expected to raise £13.5bn from a deeply discounted rights issue, possibly at 50p a share, with the British government subscribing for £5.5bn of s
Read moreLondon close: Late swoon by Footsie
30th Oct 2009 16:52
Mining stocks proved a major millstone around Footsie's neck today while end of the month position closing also contributed to a fall of almost 2% on the blue-chip index, a decline that was mirrored on Wall Street. The US market gave back most of yesterday's gains in the morning session after US co
Read moreLondon afternoon: Shire provides some cheer
30th Oct 2009 14:19
Footsie dipped into the red over the lunch-time session, as Wall Street opened lower. Metal prices are in retreat, prompting investors to bail out of mining stocks, including precious metals miners such as Fresnillo and Randgold. Among base metal miners, Kazakhmys and Lonmin are the worst perform
Read moreLondon midday: Retailers lifted by consumer confidence
30th Oct 2009 12:12
Insurers and miners are hampering the Footsie's progress today, but outside of these two sectors most blue-chips are on an upward trajectory, helped by some decent news on the economy. Economic data released Friday shows that UK consumers are more confident now than at any time in the last 21 mont
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