London afternoon: Buyers buzzing
13th Sep 2010 15:27
The leading index is near its best levels of the day following a strong start on Wall Street, fuelled by new Basel III bank rules and impressive Chinese factory output. 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. S
Read moreLondon midday:Miners and banks lift index
13th Sep 2010 12:20
London's strong start to the day has continued with banks, miners and the odd sprinkling of bid talk giving buyers lots to bite on. Banks are among the top risers after a less stringent than feared Basle III decision by the European banking body. Royal Bank of Scotland and Lloyds are both in demand
Read moreLondon open: Banks spur strong start
13th Sep 2010 08:38
Blue chips have moved higher first thing, extending last week's three-day winning streak to a fourth session following Basle III and bullish data out of China. Markets in the Far East surged following news that Chinese industrial production jumped a better than expected 13.9% year on year in August
Read moreLondon pre-open: Banks and China to keep rally going
13th Sep 2010 07:26
Blue chips are expected to push on higher first thing, extending last week's three-day winning streak to a fourth session following Basle III and bullish data out of China. Markets in the Far East have surged following news that Chinese industrial production jumped a better than expected 13.9% year
Read moreTullow sidetrack extends 'major' Owo field
13th Sep 2010 07:03
Tullow Oil's Owo field just got bigger, "significantly" extended by a sidetrack at the Irish explorer's previously announced Owo-1 discovery, offshore Ghana. Results of drilling, wireline logs and samples of reservoir fluids at the well in the Deepwater Tano licence confirm that Owo is a "major" ne
Read moreFTSE 100 movers: Financials move higher
10th Sep 2010 16:05
Financials are pushing the Footsie higher. Interdealer broker ICAP is the best performer with Aviva, 3i, Admiral, Lloyds and Legal & General not far behind. Miner ENRC continues to decline because of its dispute with First Quantum concerning ENRC's acquisition of a majority interest in Camrose Re
Read moreLondon close: Winning streak ends
7th Sep 2010 16:48
London's leading share index gave up a winning streak that lasted all last week and continued yesterday. The day started sluggishly and continued in that vein after a lower start on Wall Street. Takeover talk provided much of the excitement, with bid speculation about engineering group Invensys an
Read moreFTSE 100 movers: Takeover talk dominates
7th Sep 2010 15:25
Takeover rumours continue to dominate the Footsie. There is talk of engineer Invensys becoming the subject of a 350p a share bid from a larger rival, while there is thought to be Chinese interest in Tullow Oil with a £20 a share bid figure suggested. The bid rumour-mongers appear to have moved on
Read moreLondon afternoon: Bid rumours relieve the gloom
7th Sep 2010 14:02
It's a case of 'another day, another bid rumour' for London, with bid speculation about engineering group Invensys and oil explorer Tullow Oil providing a bit of cheer to a subdued market. The rumour-mongers are suggesting that the UK engineering conglomerate could be the subject of a 350p per sh
Read moreLondon midday: Winning streak in danger
7th Sep 2010 12:02
Footsie ended the morning making its second attempt of the day at a rally but the blue-chip index remains in negative territory and in danger of seeing its winning streak in September come to an end. Expectations of a lower start on Wall Street as the US returns to work after the Labour Day holiday
Read moreLondon open: Rising streak under threat
7th Sep 2010 09:00
London's seven-day run of gains is under threat as blue chips are struggling in the early exchanges. Barclays is lower after it confirmed Bob Diamond, head of its investment banking arm, Barclays Capital, will take over as chief executive when John Varley steps down at the end of March next year. D
Read moreLondon close: Footsie little changed
2nd Sep 2010 16:31
Leading shares struggled for direction all day and closed little changed as most blue chips traded sideways. Wall Street was similarly becalmed with the Dow Jones up just one point in the first few hours. European bourses did better as the ECB upped its forecast for eurozone growth for this year an
Read moreLondon afternoon: Bid talk spices up dull day
2nd Sep 2010 14:28
Leading shares are still lacking direction, a condition matched in the US where shares are expected to open mixed. High-flying computer chip designer ARM Holdings is flying a little lower today after Panmure Gordon reiterated its "sell" recommendation and cut its price target for the stock to 265p
Read moreLondon midday: Profit-takers weaken ARM
2nd Sep 2010 12:07
London completed an indecisive morning with the blue-chip index marginally in the red. Investors have shown little inclination to chase prices higher after yesterday's strong advance and economic data has not been helpful to sentiment. UK construction sector growth slowed for the third month in a
Read moreLondon open: Shaky start for top share index
2nd Sep 2010 08:41
Shares are slightly lower in early dealings as traders pause for breath following yesterday's strong gains. In company news, AstraZeneca has received approval from the European Commission (EC) for its schizophrenia and bipolar drug Seroquel XR as an add-on treatment for major depressive episodes wh
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