FTSE 100 movers: Profit-taking in miners
10th Nov 2010 13:59
Miners are on the slide and dragging down Footsie. Gold and silver reached new highs yesterday and eight of the worst ten performers are miners as investors take profits. Kazakhmys and Randgold are the biggest fallers but Anglo American is bucking the trend. Tullow Oil's interim management state
Read moreTullow Oil expects top end from Jubilee
10th Nov 2010 07:34
Tullow Oil has confirmed the Jubilee field in Ghana will move into production next month, December, with its working interest forecast at an average 58,000 barrels daily, the top end of previous guidance. Elsewhere, an appraisal programme to delineate the recently discovered Owo and Tweneboa field
Read moreLondon afternoon: Footsie consolidates gains
2nd Nov 2010 14:26
Footsie moved sideways over the lunch time session, as investors digested a busy morning of big company announcements. Beleaguered oil giant BP comfortably beat third quarter profit forecasts though it has had to take an additional $7.7bn charge in respect of the Gulf of Mexico oil spill. The marke
Read moreLondon close: Late dip slows Footsie's progress
21st Oct 2010 16:42
A late sag pulled Footsie back after it seemed destined for its highest close since the middle of April. Good company news and a bright start on Wall Street, with the Dow up 100 points at the start, meant a strong afternoon session in London, but blue chips eased back as the day ended. BT was the
Read moreLondon afternoon: Shares climb higher as Wall Street advances
21st Oct 2010 15:37
Footsie is still going strong with a good start on Wall Street underpinning earlier gains. BT is higher after a favourable court ruling. The UK government has to guarantee all BT employees in the BT pension scheme, not just the ones that joined prior to privatisation in 1984, it was decided. Glax
Read moreFTSE 100 movers: Pension decision boosts BT
21st Oct 2010 14:42
BT is higher after the courts ruled that the UK government has to guarantee all BT employees in the BT pension scheme not just the ones that joined prior to privatisation in 1984. The government argued that the Crown Guarantee only covered members of the pension scheme before BT was privatised and
Read moreLondon midday: BT jumps after court ruling
21st Oct 2010 12:10
There are some big movements in both directions today, but the mood is optimistic overall and Footsie has been trading at its highest level in nearly six months. TUI Travel, owner of the Thomson travel agent brand, is sharply lower as it restated results for 2008/09 and took an extra £88m charge li
Read moreLondon open: Shares fall back
21st Oct 2010 08:24
A couple of company news items have been given a frosty reception, helping tip the leading share index into the red. TUI Travel, owner of the Thomson travel agent brand, is lower after saying it had to restate results for the 2008/09 and take an extra £88m charge linked to the integration of IT sy
Read moreTullow fails at Onyina-1
21st Oct 2010 08:23
Tullow Oil's Onyina-1 exploration well in the deepwater Tano licence offshore Ghana has come to nothing after it came across water bearing reservoirs. Onyina-1 well was drilled to explore a large, high-risk, Campanian prospect between the Tweneboa and Jubilee fields. But Tullow, which has a 49.95
Read moreLondon close: Footsie rallies but finishes lower
12th Oct 2010 16:46
London battled hard to undo early losses, but fell just short, closing a few points in the red, amid a backdrop of lower commodity prices and sobering trading updates. Miners were under the cosh. Xstrata was among the heavy fallers in the mining sector. It said today it is starting work again at
Read moreLondon afternoon: Resource stocks a drag
12th Oct 2010 14:09
Equity prices continued to recover over the lunch time session though the blue-chip index remains in the red, largely thanks to the weakness of resource stocks. Xstrata, Lonmin, and Antofagasta are the worst hit of the miners, though the whole sector is lower. Metals prices have fallen back as the
Read moreLondon midday: Bid rumours lift Standard Chartered
12th Oct 2010 12:13
The second half of the morning session was better than the first for Footsie, with leading stocks trimming early losses, but the blue-chip index remains in the red, largely thanks to the weakness of resource stocks. Xstrata, Lonmin, and Antofagasta are the worst hit of the miners, though the whole
Read moreLondon open: Footsie on back foot
12th Oct 2010 08:53
London has started on the back foot with miners and oil companies under heavy selling pressure. Xstrata, ENRC, and Antofagasta are the worst hit of the miners, though the whole sector is lower. Oil groups are also suffering. Tullow and BG are the worst hit of the FTSE 100 groups, but Soco is the r
Read moreFTSE 100 movers: Tullow continues rise
14th Sep 2010 14:55
Oil-related companies dominate the best performers. Essar Energy and Tullow Oil are higher in spite of the fact that the oil price has dipped today. Yesterday, Tullow revealed that it had discovered a major new oil field at its Owo prospect in Ghana. Cable & Wireless Worldwide has won an £82m gl
Read moreLondon close: Strong run continues
13th Sep 2010 16:42
Shares continued rising Monday as they reacted positively to new banking regulations and Chinese economic data. London is up for the fourth session in a row and trading higher for the eleventh day out of twelve, up at a new four-month high. Stocks haven't been this high since 30 April. Banks were
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