London midday: Stocks continue to fall after Greek bailout
21st Feb 2012 12:01
- Eurogroup approves Greek bailout. - Oil stocks drag Footsie lower. - Tullow Oil drops despite oil find in Sierra Leone. London's benchmark index was trading close to its intraday low at midday as investors pondered the future of the Eurozone following last night's Eurogroup approval of the next t
Read moreLondon open: Stocks slip after Greek bailout approval
21st Feb 2012 08:19
- Eurogroup approves Greek bailout. - Euro strengthens after announcement. - Footsie slips early on with oil stocks weighing on index. Despite Eurozone finance ministers doing what many had expected by approving the next tranche of aid for Greece, the Footsie opened moderately lower on Tuesday morn
Read moreLondon pre-open: Shift in investor focus sparks lower start for FTSE
21st Feb 2012 07:26
City sources predict the FTSE 100 will open down by around 11 points from yesterday's close of 5,945, as investors shift their attention to the challenges that lay ahead in getting both the Greek and the wider Eurozone economy back on track. Some analysts seem to be attaching particular importance n
Read moreTullow finds oil in Sierra Leone but shares fall - UPDATE
21st Feb 2012 07:05
Following the results of drilling, wireline logs and sample of reservoir fluids, oil and gas giant Tullow Oil has confirmed that one of its exploration wells offshore Sierra Leone has successfully encountered hydrocarbons. However, shares tanked in morning trade on Tuesday, with the stock trading 4
Read moreLondon open: Stocks rise on Greek optimism
17th Feb 2012 08:24
- Footsie rises as Greek optimism boosts buying. - Resources stocks track commodities prices higher. - Record underlying earnings for Anglo American. London's blue chips recovered after yesterday's fall with the Footsie rising strongly in early trading on Friday on reports of measures by European l
Read moreLondon close: Stocks rise on Greek deal and QE
9th Feb 2012 16:37
- Greek deal agreed, says PM's office. - BoE boosts QE by £50bn. - ECB keeps rates on hold. Stocks were given a boost in afternoon trade on news that Greek leaders had come to an agreement over an austerity package. However, gains were trimmed late on as investors began to assess the very limited d
Read moreLondon midday: Stocks hold on to gains as BoE boosts QE
9th Feb 2012 11:45
- BoE boosts QE by £50bn. - Greek leaders clash heads over pensions. - Oil stocks provide a lift to the Footsie. The Footsie held on to moderate gains by lunchtime as the Bank of England announced further stimulus measures to boost the UK economy. Earlier optimism over a draft Greek deal seems to h
Read moreLondon open: Stocks rise after Greek draft deal
9th Feb 2012 08:19
- Stock nudge higher after Greece drafts agreement. - BG leads oil stocks higher. - Hagreaves, Rio, Rolls-Royce, British Land, Diageo, Tate & Lyle fall after updates. It was a cautious start for the Footsie as stocks edged higher in early trading after Greece's political leaders pushed through a dr
Read moreLondon close: Footsie breaks 5,900 as US jobs data excites
3rd Feb 2012 16:58
The much-anticipated January employment report from the US Labor Department didn't disappoint, with a better-than-expected increase in non-farm payrolls sending the FTSE 100 vertical in afternoon trading to break through the 5,900 level. The world's largest economy created 243,000 new jobs last mon
Read moreLondon midday: Admiral leads the rise ahead of US data
3rd Feb 2012 12:03
Stocks were up at the day's best levels by lunchtime following a subdued start, with insurance outfit Admiral leading the charge. Miners on the other hand, are providing a drag, pulling back from their strong showing yesterday on the back of heightened M&A speculation in the sector. Markets were gi
Read moreTullow Oil to proceed with farm-down with CNOOC, Total
3rd Feb 2012 09:33
Shares in Tullow Oil rose on Friday morning after the firm signed two new production sharing agreements (PSAs) with the government of Uganda, covering the EA-1 and Kanywataba licences in the Lake Albert Rift Basin. "As a result of this signing, Tullow will now finalise arrangements with CNOOC and T
Read moreFTSE 100 movers: ARM soars on profit boost
31st Jan 2012 14:33
Chip designer ARM was the second highest riser after fourth quarter sales figures came in 10% ahead of consensus estimates. While Nomura maintained its neutral rating on the stock today, it acknowledged that the group's results indicated a "strong beat", driven by strong processor revenues in both l
Read moreThursday tips round up: Tullow, ICG and African Barrick
19th Jan 2012 06:53
Oil explorer Tullow had a rather grim day on the markets yesterday, dropping 6% after announcing technical (and expensive) problems at its most important asset in Ghana. The news will see production numbers come in below expectations this year. On the other hand it is involved in some major plays w
Read moreLondon close: Stocks edge higher on IMF hopes
18th Jan 2012 16:33
- IMF looks to boost lending capacity by $500bn - UK jobless rate rises to 8.4% - Essar bounces back after Indian tax ruling UK stocks finished moderately higher on Wednesday, with reports that the IMF is boosting its lending capacity lifting the mood across European markets. The International Mo
Read moreFTSE 100 movers: Recovering Essar in top spot
18th Jan 2012 14:54
Essar Energy was leading the way higher after a court ruling in India wiped 26% of the company's share price yesterday. The ruling appeared to put an end to Essar's use of a tax scheme for its oil refining operations in the state of Gujarat, which had seen the company defer $1.235bn in tax payment
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