London midday: Markets rangebound ahead of US jobs report
6th Sep 2013 11:29
The FTSE 100 was rangebound on Friday morning as traders scaled back their appetite for risk ahead of the US jobs report due out this afternoon. London's benchmark index was trading far off Thursday's close of 6,532.4 with just 21 points separating its intraday low (6,520) and high (6,541). "We'r
Read moreLondon open: Stocks fall as investors await US non-farm payrolls
6th Sep 2013 08:23
Stocks opened broadly lower on Friday morning with investors refraining from building positions ahead of the all-important US jobs report due out this afternoon, seen as a deciding factor in the Federal Reserve's impending withdrawal of stimulus. US data released Thursday threw more weight behind t
Read moreTullow Oil announces major oil discovery offshore Norway
6th Sep 2013 07:41
Tullow Oil has revealed that the Wisting Central exploration well has made the first ever oil discovery in the Hoop-Maud Basin in the Barents Sea offshore Norway. The oil and gas explorer said the well, which was drilled to a total depth of 905m and a water depth of 373m, had discovered 50m to 60m
Read moreFTSE 100 movers: Tullow Oil rebounds as real estate stocks decline
3rd Sep 2013 16:25
Real estate stocks were among the worst performers on Tuesday after some gloomy comments from Deutsche Bank, which downgraded a collection of companies under its coverage. The German bank cut ratings for UK-listed property peers Land Securities, British Land, Great Portland Estates, Intu Properties
Read moreLondon close: Markets jump on data, Syria delays
2nd Sep 2013 17:02
UK investors took advantage of low volumes on Monday to push the FTSE 100 nearly 1.5 per cent higher, with impressive manufacturing data and delays to potential action on Syria prompting a bullish mood. "After posting four negative weeks in succession today's market moves on the UK benchmark index
Read moreLondon midday: Stocks jump after strong manufacturing data
2nd Sep 2013 11:19
Strong manufacturing data from both the UK and China helped lift stock markets on Monday morning while concerns over a potential military strike against Syria eased. London's FTSE 100 was registering triple-digit gains by lunchtime, with the index trading a level not since August 15th. Manufactur
Read moreLondon open: Chinese PMI boosts miners, Vodafone jumps on Verizon talks
2nd Sep 2013 08:24
Delays to a potential military strike against Syria and some better-than-expected economic data from China gave stock markets a big boost in early trading on Monday. China's official manufacturing purchasing managers' index (PMI) rose to the 51.0 point mark in August, according to the National Bure
Read moreLondon pre-open: Strong start expected after Syria delays, China PMI
2nd Sep 2013 07:26
Markets are expected to open with strong gains on Monday morning due to easing concerns over tensions between Syria and the West, for now at least. Also helping sentiment this morning is China's official manufacturing purchasing managers' index (PMI) which rose to the 51.0 point mark in August, acc
Read moreTullow Oil plugs Buzio-1 well in Mozambique
2nd Sep 2013 07:06
Tullow Oil has plugged and abandoned its Buzio-1 exploration well offshore Mozambique after failing to encounter hydrocarbons. The well, which is the second deepwater exploration well in Area 2, was drilled to a total depth of 3,333 metres in water depths of 1,534 metres. Tullow said good quality
Read moreLondon open: Stocks rebound after recent falls, Vodafone jumps
29th Aug 2013 08:36
Strong gains from Vodafone, WPP and Melrose gave markets in London a boost this morning, as stocks rebounded after some recent falls. Markets have been under pressure this week on concerns about a potential Western military intervention in Syria in response to last week's alleged chemical weapons a
Read moreLondon close: Markets finish lower despite late rally
28th Aug 2013 17:05
Markets rallied in afternoon trade on Wednesday, helped by dovish remarks from Bank of England (BoE) Governor Mark Carney and a decent start on Wall Street, but stocks still finished in the red as escalating concerns about Syria continued to dampen sentiment. The FTSE 100 finished down 10.91 points
Read moreSector movers: Surging crude prices fuel gains for oil stocks
28th Aug 2013 14:52
Rising crude prices gave oil producers a boost on Wednesday as escalating tensions in Syria continue to fuel concerns over supplies in the Middle East. These fears have been heightened in recent days due to a possible US military intervention in Syria following last week's alleged chemical weapons
Read moreLondon midday: Stocks fall as oil rises on Syria turmoil
28th Aug 2013 11:27
Stock markets were once again hit by concerns over rising tensions between Syria and the West on Wednesday morning, as surging oil prices look to pose a threat to global economic growth. West Texas crude futures were trading at a two-year high of $112.24 a barrel this morning while Brent crude jump
Read moreLondon open: Stocks slip as Syrian turmoil hits risk appetite
28th Aug 2013 08:21
The FTSE 100 dropped firmly into the red on Wednesday morning as escalating tensions between Syria and the West spurred a reduction in risk appetite amongst investors. UN weapons inspectors are expected to return to a site in Damascus near where the suspected chemical weapons attack happened last w
Read moreFTSE 100 movers: M&S, Petrofac, easyJet
19th Aug 2013 13:58
Marks & Spencer topped the FTSE as the retailer launched its Britain's Leading Ladies campaign to promote its new autumn/winter fashion collection. The advertisement features stars including Helen Mirren, Tracey Emin and Ellie Goulding. Petrofac, which provides facilities services to the oil, gas
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