London close: Footsie highest in over a week
8th Oct 2009 16:33
Stocks ran out of steam mid-afternoon, trading as near to Wednesday's close as they had done all day, but strength on Wall Street inspired a late rally here. The top stocks were still mining companies as metal prices continued their march higher. Gold futures neared $1,060 an ounce as the dollar co
Read moreLondon close: Footsie closes higher by a whisker
25th Sep 2009 16:32
Footsie finished slightly in the blue going into the weekend on another indecisive day for the leading share index. Oil groups went well as the steady decline in the price of crude over the past few days took a pause. It dropped below $66 per barrel last night but has recovered a tad this morning.
Read moreLondon afternoon: Footsie turns lower
25th Sep 2009 13:49
London's blue chips have turned lower on disappointing US durable goods orders, which fell 2.4% in August. The figure disappointed analysts who were expecting a 0.5% increase. Durable goods excluding transportation were unchanged versus predictions of a 1% rise. It has overshadowed the news comin
Read moreFTSE 100 movers: Goldman perplexed by RBS
25th Sep 2009 12:44
Goldman Sachs is perplexed by the share price recovery from part-nationalised bank Royal Bank of Scotland from 35p in mid-July to more than 50p. The US investment bank expects RBS to remain loss-making in the short term, while the threat of another cash call continues to hang over the bank's share
Read moreLondon midday: Oil rise gives Footsie support
25th Sep 2009 12:16
Leading shares are holding on to early gains helped by a rally in the price of crude oil, which has buoyed the prices of majors BP and BG as well as a host of second-liners. News coming out of the G20 summit in Pittsburgh is making the headlines with consensus already reached on boosting the influe
Read moreLondon close: Footsie dips into the red
23rd Sep 2009 17:05
A late swoon saw London's blue-chip index give up the gains of the morning to close marginally lower on the day, as investors banked profits ahead of the Federal Reserve's decision this evening on US interest rates and its quantitative easing (QE) programme. The morning's gains had been achieved on
Read moreLondon afternoon: Footsie nears intra-day high
23rd Sep 2009 14:01
The market's climb regained momentum over the lunchtime session. Investors have been put in the mood to buy by the prospect of the Bank of England increasing its quantitative easing programme some time in the future. The minutes to the most recent meeting of the Bank of England's Monetary Policy co
Read moreLondon midday: Market rises despite cash calls
23rd Sep 2009 11:55
The market is off the top but still in positive territory, despite a flood of fund raising announcements this morning. Property group Liberty International shares have been hit by a placing today of up to 56.1m new shares, increasing its shares in issue by just under 10%. The fund raising comes l
Read moreLondon open: Cash calls can't halt rise
23rd Sep 2009 08:47
UK markets have risen again in early dealings despite a string of hefty cash calls from the building and property sector. Property group Liberty International shares have been hit by a placing today of up to 56.1m new shares, some 9.9% of its shares in issue. Housebuilder Barratt is issuing a lot
Read moreLondon close: Shares end up but down from highs
22nd Sep 2009 16:39
London's leading shares finished with slight gains but were well below earlier highs as miners eased back slightly. Eurasian Natural Resources, Lonmin, Xstrata and Vedanta Resources still posted healthy gains, while precious metals miners Fresnillo and Randgold Resources were also on the climb. R
Read moreLondon afternoon: Shares off the top
22nd Sep 2009 14:07
Shares drifted lower over the lunchtime session but are still up on the day, helped in no small part by the strength of miners, which are rising in line with firmer metals prices. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of
Read moreBroker tips: Carnival, Tullow, JD Sports
22nd Sep 2009 12:47
Bank of America Merrill Lynch has added Carnival to its 'Europe 1' list of preferred stocks ahead of the cruise ship operator's third quarter results due out Tuesday afternoon. The cruise company has been hard hit by various issues such as the credit crunch and swine flu in the last couple of years
Read moreLondon midday: Rio's assets sale continues
22nd Sep 2009 12:10
Miners continue to lead the market higher as investors return to the market after yesterday's pause for breath. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of the Alcan Engineered Products division, to Swiss firm Schweiter Tec
Read moreBroker snap: Nomura ups Tullow valuation
22nd Sep 2009 11:42
Nomura Securities has upgraded its net asset based valuation of Irish oil firm Tullow Oil following the oil company's recent discoveries in Sierra Leone and Uganda. Nomura now values Tullow at 1341p per share, up from 1160p previously. 'In addition, we have incorporated further potential from its W
Read moreLondon open: Bright start for Footsie
22nd Sep 2009 08:46
London's blue chips have made good progress this morning, buoyed by Wall St clawing back some of Monday's early losses in late trading in the US. It is resource stocks that lead the way again. Tullow Oil has recovered from the profit taking of the past two days, while Lonmin and Fresnillo are leadi
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