London midday: Footsie struggles despite M&A burst
22nd Jun 2009 12:22
Footsie is struggling despite the possibility of a mega mining merger between Anglo American and Xstrata. Anglo shares have shot forward on the confirmation of an approach from Xstrata. In a statement, Xstrata said a merger was "highly compelling" and would provide "enhanced scale and financial fle
Read moreLondon close: Footsie clings to gains
16th Jun 2009 16:39
London's benchmark index finished just above flat, reversing earlier gains, as Wall Street started in a lacklustre fashion. Tesco's first quarter trading update was well received. Like-for-like (LFL) sales growth came in at the top end of expectations, helped by a resumption of growth in non-food
Read moreLondon afternoon: Shares crawl higher
16th Jun 2009 14:19
London's blue-chip index edged higher over the lunch-time session, helped by expectations of a moderately firmer start on Wall Street. Tesco's first quarter trading update has been well received. Like-for-like (LFL) sales growth came in at the top end of expectations, helped by a resumption of gro
Read moreLondon midday: Lloyds leads rally
16th Jun 2009 12:04
Footsie is making a valiant attempt to claw back yesterday's losses but its progress is being impeded by a weak mining sector. Tesco's first quarter trading update has been well received. Like-for-like (LFL) sales growth came in at the top end of expectations, helped by a resumption of growth in n
Read moreLondon open: Steady start for Footsie
16th Jun 2009 08:39
London's blue have made modest progress despite a tough day on Wall St yesterday with good figures from Tesco giving a boost. Property group's British Land and Hammerson are the best performers this morning, but it is Tesco's figures that catch the eye. Tesco's like-for-like sales growth came in a
Read moreLondon pre-open: Flat start in store
16th Jun 2009 07:41
The UK market is set to start little changed Tuesday as most of last night's gloom on Wall Street had already been felt by the time London closed yesterday. There's bound to be heavy focus on Britain's biggest supermarket chain Tesco following its latest sales update. UK like-for-like (LFL) sales
Read moreTullow strikes again in Uganda
16th Jun 2009 07:03
Tullow Oil's Kigogole-3 exploration well in the Butiaba region of Uganda Block 2 has found oil. The well encountered over 20 metres of net oil pay in two separate zones, with a 5 metre total net reservoir section above the 15 metre main reservoir interval. Kigogole-3 is the eighth successful test
Read moreLondon close: Triple digit fall for Footsie
15th Jun 2009 17:09
Footsie suffered a triple digit fall today with virtually all blue-chip stocks except defensive favourites such as utilities having their foot jammed hard down on the reverse pedal. Resource stocks led the decline as metals and oil prices moved lower. Platinum miner Lonmin was the weakest stock in
Read moreLondon afternoon: Prices steady at lower levels
15th Jun 2009 14:32
The market moved sideways over the lunch-time session, with the Footsie remaining deep on the red, despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almo
Read moreLondon midday: Dollar rise knocks resource stocks
15th Jun 2009 12:04
London had a difficult morning despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almost immediately squashed by the IMF saying the opposite. It believes
Read moreLondon close: Miners buoy Footsie
10th Jun 2009 16:37
Footsie finished higher but with much diminished gains after surging in early dealings led by buoyant mining stocks then falling back as Wall Street retreated. Miner ENRC surged ahead after it said sales and production volumes during the first quarter were better than prior expectations though pri
Read moreLondon afternoon: Equities off the top
10th Jun 2009 15:06
Shares have eased back in the first half of the afternoon session, though Footsie remains in positive territory. Miners and banks remain the best performers. Miner ENRC surges ahead after it said sales and production volumes during the first quarter were better than prior expectations though pricin
Read moreFTSE 100 movers: Miners surge on commodity hopes
10th Jun 2009 12:51
Miners are buoyant today helped by optimism on metal demand, surging oil prices, a weak dollar and global recovery. ENRC is one of the main risers. It reported sales and production volumes during the first quarter were better than prior expectations though pricing pressures remain. Vedanta, Xstrata
Read moreLondon midday: Miners continue to rally
10th Jun 2009 12:19
Footsie is up more than 100 points with miners and banking shares driving the market forward. Miner ENRC is one of the main risers. Today it said sales and production volumes during the first quarter were better than prior expectations though pricing pressures remain. Vedanta, Xstrata, Kazakhmys, R
Read moreFTSE 100 movers: Broker upgrade boosts Tullow
9th Jun 2009 13:11
Tullow Oil was in favour today after an upbeat note on the company from Deutsche Bank. Tullow remains Deutsche's top pick among UK oil explorers and producers, following a spectacular run of success with its exploration prospects. Meanwhile, Tullow's next well, Ngassa-2, is 'undoubtedly the most bi
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