FTSE 100 movers: Miners weigh heavily after Chinese data disappoints
30th Sep 2013 14:19
Mining stocks declining sharply today on the back of the disappointing data from the world's top metals user, China. Fresnillo, Anglo American, Antofagasta, Glencore Xstrata and Rio Tinto were all falling sharply. China´s manufacturing sector purchasing managers´ index (PMI) for the month of Septe
Read moreSSE to maintain dividend pay-out above rate of inflation
30th Sep 2013 14:00
As a part of the entry into its close period ahead of the release of its interim results on Wednesday 13th, utility group SSE indicated that it will continue to exercise the operational and financial discipline necessary to enable it to deliver an above-inflation increase in the company´s dividend f
Read moreLondon midday: Miners drag FTSE 100 to one-month low
30th Sep 2013 11:42
Concerns over a potential government shutdown in the US, political chaos in Italy and disappointing economic figures from China sparked steep falls on equity markets across Europe on Monday morning, with the FTSE 100 slipping to levels not seen in a month. The FTSE 100 was trading around 0.85% lowe
Read moreFTSE 100 movers: IMI jumps on appointment of new CEO
27th Sep 2013 14:49
Engineering group IMI rose into the top spot after hiring former Weir boss Mark Selway as its new Chief Executive. He will take the reins from company veteran Martin Lamb who will step down at the end of this year after nearly 13 years at the helm. Utility peers SSE and Centrica were also high ris
Read moreLondon midday: Stocks fall sharply on US concerns
27th Sep 2013 11:19
UK markets were registering heavy losses on Friday morning as investor scaled back risk ahead of the weekend, as concerns over monetary policy and budget talks in the US continued to dampen sentiment. "European markets have started the trading day as if it were already the weekend and the lethargy
Read moreFriday newspaper round-up: Carney, Nationalisation, Help to Buy
27th Sep 2013 07:24
Mark Carney, the Bank of England Governor, sees no need for more stimulus for the economy given the gathering pace of the recovery, sending the pound higher. He said the central bank would consider the case for adding to the 375bn pounds it has already pumped into the economy should the recovery fal
Read moreLondon close: Stocks rise despite more unbalanced UK economy
26th Sep 2013 16:58
London's benchmark FTSE 100 index ended the day up 14.06 points at 6,565.59, rebounding after hitting a two-week low of 6,551.53 on Wednesday. That came after a solid reading on US initial weekly unemployment claims - unemployment is the key variable for the short-term economic outlook. However,
Read moreFTSE 100 movers: Energy stocks hit by Labour pledge
26th Sep 2013 15:04
British Gas owner Centrica and utility group SSE were today extending losses after yesterday's proposal by Labour leader Ed Miliband to freeze energy bills if the party is voted back into power in 2015. The stock has now slipped below its 200-day moving average following three days of intense sellin
Read moreSector movers: Utility stocks hit by Labour plans to freeze energy bills
26th Sep 2013 14:50
Electricity and multi-utility stocks were falling sharply again on Thursday as investors continue to show concern over comments from Labour leader Ed Miliband who pledged to freeze energy bills if the party is voted back into power in 2015. Shares in British Gas owner Centrica were falling heavily
Read moreLondon midday: Stocks fall as focus remains on US data
26th Sep 2013 11:49
Markets were trading in negative territory on Thursday morning as investors gave a subdued reaction to in-line growth figures from the UK and awaited more economic data from the US. The second and final revision of UK gross domestic product (GDP) growth for the second quarter held steady at 0.7%. M
Read moreLondon open: Markets tentative ahead of economic data
26th Sep 2013 08:19
Markets opened tentatively on Thursday morning as investors awaited economic growth figures from both sides of the Atlantic due out later on. Wall Street benchmarks ended Wednesday's session slightly lower with the S&P 500 finishing in the red for the fifth straight day - its longest losing streak
Read moreThursday tips round-up: Punch Taverns, DMGT, Energy utilities
26th Sep 2013 07:16
Equity investors in Punch Taverns now have their backs against the wall. The company´s current quandary is such that it must either restructure its debt or face the risk of default. "These circumstances represent a material uncertainty that casts significant doubt on the ability of a significant par
Read moreThursday newspaper round-up: Property developers, ICAP, Centrica
26th Sep 2013 07:09
Three former interdealer brokers including one dubbed "Lord Libor" were charged with wire fraud and conspiracy on Wednesday as their former employer ICAP was revealed by US and UK authorities as a linchpin in the global rate-rigging scandal. The London-based interdealer broker paid 55m pounds to set
Read moreLondon close: FTSE 100 falls to two-week low
25th Sep 2013 16:41
Heavy falls from Carnival, Tesco and utility stocks weighed on the FTSE 100 on Wednesday while uncertainty over the US budget and Federal Reserve monetary policy continued to dampen sentiment. London's benchmark index finished 19.93 points lower at 6,551.53, a fall of 0.3% on the day. This was the
Read moreFTSE 100 movers: Carnival continues to fall on poor Q3 results
25th Sep 2013 15:23
Cruise operator Carnival was a heavy faller for the second day in a row after the company disappointed with its third-quarter results and guidance for the full year. Morgan Stanley downgraded its rating on the stock this morning from 'equalweight' to 'underweight' and cut its full-year earnings pe
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