London pre-open: Shares set to drop
8th Dec 2009 07:34
London's top stocks are expected to start around 13 points lower, with investors likely to focus on figures from retailers Tesco and Game. Supermarket giant Tesco saw strong sales in the third quarter as its Clubcard reward scheme helped it draw in customers and it continued to benefit from increa
Read moreTullow partner upbeat on Ghana drilling
8th Dec 2009 07:28
Kosmos Energy, Tullow Oil's operating partner on the West Cape Three Points Block, offshore Ghana, has reported another encouraging test drilling. "We are pleased that we have successfully confirmed the second of our four oil and gas discoveries to date offshore Ghana," said Brian F Maxted, Kosmos
Read moreLondon close: Profit taking trims gains
11th Nov 2009 17:12
Better than expected unemployment figures and some relatively upbeat comments from Bank of England governor Mervyn King propelled Footsie to a new intra-day high for 2009 in the morning session, but stocks came off the top in the afternoon session. The UK unemployment rate, as measured by the Inter
Read moreLondon afternoon: Share prices froth over
11th Nov 2009 14:12
Share prices are coming off the top, though Footsie remains comfortably in positive territory thanks to strong demand for miners and insurers. Miners are wanted as metal prices pick up following news that Chinese industrial output rose to a 19-month high in October. BHP Billiton, Kazakhmys, Rio Ti
Read moreLondon midday: Footsie hits intra-day high for 2009
11th Nov 2009 12:15
The Footsie is hovering around its high for the year of 5300, after better than expected UK unemployment figures. Sentiment was little affected by Bank of England governor Mervyn King saying he thinks inflation will rise above the 2% target set by the government as the impact of quantitative easi
Read moreTullow still going strong
11th Nov 2009 07:25
Tullow Oil is riding high and still performing "strongly", the oil and gas group said Wednesday. It's trading in line with expectations and has maintained production guidance for the year. The firm, which has cemented its place in the FTSE 100 this year, said its overall, operational and financial
Read moreLondon close: Blue chips slip lower
16th Oct 2009 16:50
London's blue chips closed lower as investors used a 100 point plus fall for the Dow as an excuse to take profits. Many of the major commodity plays, including Xstrata, Rio Tinto and Anglo American had enjoyed gains in early deals, but investors lost interest late morning. Oil plays BP, Royal Dutc
Read moreLondon afternoon: Stocks remain lower
16th Oct 2009 14:54
London's blue chips are still in the red in midday dealings after the Dow dropped more than 100 points in the US. Many of the major commodity plays, including Xstrata, Rio Tinto and Anglo American had enjoyed gains in early deals, but investors lost interest late morning. Oil plays BP, Royal Dutch
Read moreLondon midday: Footsie gains evaporate
16th Oct 2009 12:07
London is back where it finished yesterday's session as a sell-off in the mining sector on weaker metal prices gathered pace near lunchtime. Many of the major commodity plays, including Xstrata, Rio Tinto and Anglo American had enjoyed gains in early deals, but investors lost interest late morning.
Read moreLondon open: Oil spike lifts Footsie
16th Oct 2009 08:45
Footsie has opened stronger helped by an improvement on Wall Street last night and strong demand for oil stocks after a spike in crude prices. National Express, though, is the main talking point. The price has crashed by more than a quarter as investors face the prospect of a hefty rights issue af
Read moreLondon 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
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