FTSE 250 movers: Gold miners shine
21st Feb 2011 17:59
Gold miner Centamin Egypt won back some of the losses it sustained during the turmoil in that country, helped by the higher gold price. Fellow gold group, Russia-focused Petropavlovsk also advanced. Investors had an appetite for sausage skins maker Devro, which produced full-fat results for 2010
Read moreLondon close: Shares fall as Libya crisis intensifies
21st Feb 2011 16:53
The top share index was nursing big losses at trading's close as worries over the turmoil in Libya sent the oil price soaring and continued high usage of the European Central Bank's marginal lending facility stoked nervousness over banks. Banks are granted the right to seek overnight loans from th
Read moreLondon afternoon: ECB emergency loans give banks jitters
21st Feb 2011 14:26
Concerns about rising oil prices should Libya descend into civil war are nagging away at investors, while continued high usage of the European Central Bank's marginal lending facility is making traders nervous about banks. Banks are granted the right to seek overnight loans from the European Centr
Read moreLondon midday: Banks hold back FTSE 100
21st Feb 2011 12:12
Shares are in the red as banking stocks fall back and the turmoil in the Arab world casts a shadow. Banks are the main drag, with RBS, Lloyds and Barclays nursing losses following gains last week. RBS and Lloyds are due to release results later this week. The oil price has topped $104 a barrel as
Read moreCentamin moves to reassure investors
18th Feb 2011 16:22
Egypt-focused miner Centamin Egypt has moved to reassure investors after its share price fell by more than 10%. Centamin says that its Sukari gold mine operations continue uninterrupted. Centamin adds that "there has been minimal reaction at Sukari to the wider political changes in Egypt". Cent
Read moreLondon close: Shares applaud Mubarak exit
11th Feb 2011 16:51
Shares rallied sharply in the afternoon following strong confidence figures from the US, but it was the announcement that Egyptian president Hosni Mubarak is stepping down that really stirred up excitement. One stock in particular reacted strongly to the announcement. Shares in gold miner Centamin
Read moreLondon afternoon: L&G leads modest advance
11th Feb 2011 14:11
Leading shares are mixed but with a slightly firmer bias after rising over the lunchtime session. Insurer Legal & General (L&G) leads the advance on the back of a positive broker note from Nomura Securities. "We highlight our preference for L&G over Prudential (Reduce), given that we expect Pru to
Read moreLondon close: FTSE 100 back at 6,000
2nd Feb 2011 16:39
Strength in the mining sector on the back of higher metals prices and well-received updates drove the FTSE 100 back to 6,000 points. Both factors benefited miner Eurasian National Resources (ENRC). Production matched estimates in the fourth quarter of 2010, while the ferroalloys unit produced a bit
Read moreFTSE 250 movers: Centamin declines amid Egyptian crisis
2nd Feb 2011 15:45
Set-top box maker Pace is racing ahead, surging 8% on Wednesday afternoon, which Centamin is still on shaky ground. Egypt-based miner Centamin is the highest faller as the crisis in the nation escalates. Yesterday, shares rallied after the group issued a reassuring statement over the impact of the
Read moreLondon close: FTSE 100 soars as Egypt worries ease
1st Feb 2011 16:51
Well-received company updates, strong economic figures here and elsewhere and an easing of worries related to the situation in Egypt helped UK shares to strong gains. Miners led the advance, after strong growth in manufacturing in commodity hungry China in January. The UK, eurozone and US also had
Read moreFTSE 250 movers: Ocado shares jump
1st Feb 2011 15:44
Ocado shares are on the surge after the online grocer announced it made a profit in the fourth quarter as a record number of customers pushed sales to an all-time high. Egypt-based miner Centamin rises higher following a reassuring statement over the impact of the current unrest in the country: "Th
Read moreLondon afternoon: Miners and techs in demand
1st Feb 2011 14:15
Shares added to the morning's gains over the lunchtime session, buoyed by the prospect of a firm start on Wall Street. Miners lead the advance, after strong growth in Chinese manufacturing in January, though technology stocks are also in demand. Mining giant Xstrata produced more coking coal, sem
Read moreLondon midday: Shares add more gains
1st Feb 2011 12:07
Shares have moved higher following a decent start this morning, with upbeat company statements spurring buying interest. Strong growth in Chinese manufacturing and hopes of a peaceful resolution to the Egyptian crisis have also cheered investors. Here, the UK manufacturing purchasing managers' inde
Read moreLondon open: Good start for blue chips
1st Feb 2011 08:42
Overnight gains on Wall Street and a positive session in the Far East sent London's blue chip index past 5,900 in early trading. Concern over the situation in Egypt eased a little yesterday, though tensions still remain very high and the oil price spiked higher. Miner, Centamin Egypt said "Recent
Read moreCentamin Egypt reassures over unrest
1st Feb 2011 08:24
Shares in Egypt-based miner Centamin rallied as it issued a reassuring statement over the impact of the curent unrest in the country. "Recent political events in Egypt have not affected the safety of the company's employees or its day to day operations at its flagship project, Sukari. The company l
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