Thursday tips round-up: Centamin, Severn Trent, Amec
31st May 2012 06:56
The Egyptian gold miner Centamin still glistens for Questor in the Telegraph. It's had a rough time during the Arab spring but is investing in a massive increase in production and could benefit from more stability following the elections in mid-June. Hold until the politics calms down in Cairo is th
Read moreLondon close: Stocks drop on Spanish worries
30th May 2012 16:32
- Spain in focus, bond yields surge - Eurozone economic sentiment slips - Miners fall on euro, Chinese concerns London's blue-chip index closed near its intraday low on Wednesday as ongoing concerns over the Eurozone, and particularly Spain, sank global equity markets. "Spain has taken centre sta
Read moreFTSE 100 movers: Severn Trent leads the risers after special dividend
30th May 2012 14:48
Utility provider Severn Trent was leading way higher despite pre-tax profits falling 38% in the year to the end of March. The group announced a special dividend and said it forecast no water restrictions for customers this year. Meanwhile, several stocks were falling after going ex-dividend - trad
Read moreLondon midday: Surging Eurozone bond yields dent stocks
30th May 2012 11:31
- Bankia and Spain continue to weigh on sentiment - ECB denies interference - Chinese stimulus hopes fade Rising bond yields in the Eurozone periphery and fading hopes of further Chinese stimulus were weighing heavily on European stock markets on Wednesday; resources stocks and banks were heavy fal
Read moreLondon open: Stocks slip on concerns over China and Spain
30th May 2012 08:32
- Ex-div stocks, miners provide a drag - Hopes over Chinese stimulus fade - ECB rejects Spain's plan for Bankia After rumours of additional Chinese stimulus measures were quashed yesterday, the FTSE 100 sank in early trading on Wednesday, with resource companies among the worst performers; ex-divid
Read moreLondon pre-open: FTSE to track Asian sell-off
30th May 2012 07:27
City sources predict the FTSE 100 will open down 38 points from yesterday's close of 5,391, taking its lead from losses in Asia on the back of concerns over Spain's banking sector, which last week saw the part nationalisation of its fourth largest bank, Bankia. Property company London and Stamfor
Read moreSevern Trent profits down but no hosepipe ban
30th May 2012 07:06
Utility provider Severn Trent announced profits were down but announced a special dividend and said it forecast no water restrictions for customers this year. Profit before tax fell 38% to £156.7m in the year to the end of March, something the firm blamed on operational, infrastructure and employm
Read moreSector movers: Defensives bear the brunt of increased risk appetite
29th May 2012 15:24
Defensive sectors were firmly out of favour on Tuesday as investors shifted into 'riskier' assets such as mining stocks. Food and drug retailers were the worst performers, with heavyweight supermarket peers Tesco, Sainsbury and Morrison registering moderate losses in afternoon trade. Other defensi
Read moreWednesday preview: Severn Trent profits set to take a dip
29th May 2012 14:09
It's a case of 'water, water' everywhere' as Severn Trent follows hot on the heels of fellow water supplier Pennon with its full year results. The company said in its third quarter update that it was trading in line with expectations, and utilities are not, by nature, the most volatile of companies
Read moreLondon close: Stocks rebound, EU summit eyed
21st May 2012 17:14
- G8 underwhelms; markets look to EU summit - Hollande expected to push eurobond idea to Merkel - Risk-on as financials, miners advance; defensives sold London's FTSE 100 finished firmly higher on Monday following a poor performance last week which saw the blue chip index slump to its worst levels
Read moreLondon close: Footsie sets new 2012-low on Greek concerns
14th May 2012 16:27
- Footsie closes at levels not seen since mid-December - Potential Greek exit from euro hammers stocks - Banks, miners the worst performers in London The FTSE 100 closed at its lowest levels in the year-to-date on Monday as investors speculated about what a disorderly exit of Greece from the Eurozo
Read moreLondon close: US sentiment data sparks late rally
11th May 2012 16:36
- US consumer sentiment at post-recession high - Banks weighed down by JP Morgan surprise trading loss - Miners pressured lower by Chinese data After a weak start, the FTSE 100 surged in afternoon trade on the back of some upbeat consumer sentiment data Stateside which helped to offset gloomy econo
Read moreFTSE 100 movers: Banks and miners dive as utilities climb higher
11th May 2012 15:03
Banks were heavy fallers in the opening hour on the back of the JP Morgan surprise trading loss. Barclays, Royal Bank of Scotland, Lloyds and HSBC were all among the worst performers. One stock in the financial sector bucking the trend though was hedge fund manager Man Group, which jumped after an u
Read moreFTSE 100 movers: Lloyds leaps after first-quarter results
1st May 2012 14:32
Lloyds was the best performer of the day after reporting that its pre-tax profits in the first quarter came in at 288m pounds compared to a massive loss of 3.47bn pounds in the first three months of last year. Nevertheless, Lloyds said it had seen an increase in the volume of complaints being receiv
Read moreLondon midday: Lloyds makes gains as stocks shrug off PMI data
1st May 2012 11:35
- UK, China PMIs disappoint - Lloyds provides a lift, Man Group and BP drop after updates - European, Asian markets closed; US open With most European and Asian markets closed today for May Day, the Footsie was trading only slightly higher by Tuesday lunchtime as some worse-than-expected manufactur
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