London open: Stocks claw back after heavy sell-off
9th May 2012 08:35
- Eurozone political uncertainty still ongoing - ITV, Sainsbury, Glencore wanted after updates - Weir and Sage fall sharply While the political uncertainty in the Eurozone is still on investors' minds, the FTSE 100 opened slightly higher on Wednesday morning following steep losses seen the day befo
Read moreCentamin holds production targets despite strike action
9th May 2012 07:54
Egyptian gold miner Centamin has revealed a significant drop in production in the first quarter after strike action hit its main Sukari operation, but the firm still maintains its full-year targets. The Sukari project is the first modern gold mine in Egypt and had delivered impressive returns for s
Read moreLondon close: Shell rallies as it denies oil slick blame
12th Apr 2012 17:11
After a mixed morning session, London's top shares kicked on in the afternoon, buoyed by Wall Street's strength. Bulls seized upon comments by New York Fed President William Dudley who opined that the US economy is not yet firing on enough cylinders to make a serious dent in the jobless numbers.
Read moreFTSE 250 movers: Hays leads the index higher
12th Apr 2012 15:15
Recruitment firm Hays leapt into the top spot after it posted a 12 per cent actual increase in group net fees for the quarter ended March 31st. As a result the firm expects full-year operating profit to be towards the top of the current market estimates. Egyptian gold miner Centamin rose strongly
Read moreLondon midday: Mid-caps set the pace
12th Apr 2012 11:49
The top share index spent the morning spinning its wheels with most of the excitement taking place among the mid-cap stocks. Last night, the Federal Reserve's April Beige Book survey encouraged the maintenance of the status quo. The Fed's survey revealed that overall activity "continued to expand a
Read moreLondon open: Shell weighs on the Footsie
12th Apr 2012 08:19
- Shell drops on oil sheen reports - GKN up after upgrade - World Bank cuts Chinese GDP forecast Despite an initial rise, the FTSE 100 index had fallen into the red within the opening hour with oil giant Shell providing a drag on reports of an oil sheen in the Gulf of Mexico. Eurozone peripheral
Read moreLondon pre-open: Flat start for FTSE
12th Apr 2012 07:27
City sources predict the FTSE 100 will open up 4 points from yesterday's close of 5,635, with investor sentiment somewhat buoyed by gains in the US, but nonetheless dampened by ongoing concerns over the Eurozone. Temporary power and temperature control solutions group Aggreko claims to have had a
Read moreCentamin not slowed much by strike action
12th Apr 2012 07:05
Strike activity in the first quarter did not stop Egyptian gold miner Centamin from posting an increase in production compared to a year earlier. Total gold production for the quarter was 49,071 ounces, a 9% increase on the corresponding quarter in 2011. Despite industrial action hitting production
Read moreWednesday broker round-up - UPDATE
11th Apr 2012 09:36
Barclays: Investec upgrades from hold to buy. Centamin Egypt: Nomura cuts target from 120p to 100p, neutral rating retained. Dignity: Peel Hunt reiterates hold rating and 800p target. Dunelm Group: Investec lifts target from 450p to 500p, hold rating kept; Panmure Gordon keeps buy rating and 600
Read moreFTSE 250 movers: Essar rises as subsidiary makes progress
30th Mar 2012 15:43
Essar Energy was a big riser after it said that its subsidiary Essar Oil has made significant progress with its lenders towards exiting the current loan agreement, which relates to the corporate debt restructuring scheme and its Vadinar oil refinery in Gujarat. Miners were also on the rise as they
Read moreLondon midday: Stocks rise as eyes turn to Eurozone meeting
30th Mar 2012 11:42
- Investors keep a close eye on meeting in Copenhagen - Eurozone inflation falls but still high - Miners lead the rise by lunchtime The Footsie was making decent gains by Friday lunchtime, snapping a three-day losing streak, as Eurozone ministers meet in Copenhagen to discuss a potential increase i
Read moreFriday tips round-up: Bwin.Party, Centamin Egypt, International Power
30th Mar 2012 06:54
Tempus in the Times peers behind the marital curtain of Austrian firm Bwin and British outfit PartyGaming. When they merged and became Bwin.Party last year it was supposed to create an online gaming goliath. Instead regulatory changes in Germany have led to a goodwill write-off of 390m euros. That
Read moreLondon close: UK GDP, Eurozone concerns weigh on stocks
28th Mar 2012 16:40
- UK Q4 GDP weaker than first thought - RSA leads ex-div stocks lower - Comments from ECB's Weidmann weigh on markets Just a dozen or so stocks on the FTSE 100 finished in the blue on Wednesday as the benchmark index sank a whole percentage point to its lowest level of the day. A weaker-than-expe
Read moreFTSE 250 movers: Spots knocked off Domino
28th Mar 2012 14:12
Titanium feedstock miner, Kenmare Resources, leapt on news of a sharp increase in revenues and a return to the black in 2011. Revenues during 2011 increased to $167.5m from $91.6m in 2010, while profit after tax was $23.7m versus a loss of $16.3m in the prior year. Gold producer Petropavlovsk also
Read moreLondon midday: Stocks slip after UK GDP data
28th Mar 2012 11:36
- UK Q4 GDP weaker than first thought - RSA leads ex-div stocks lower - Defensives in demand The FTSE 100 swung between gains and losses during the morning session in London as stocks reacted to some worse-than-expected economic data. The UK economy did worse in the last three months of 2011 than
Read more