Mon, 06 Feb, 2012
Losses were pared by midday, but London's blue chip index remained firmly in the red with Greek talks continuing to weigh on sentiment. Meanwhile, US stock futures were pointing to a weak start on Wall Street.
Mon, 06 Feb, 2012
UK stocks fell on Monday morning, pulling back following the strong end to last week, with Greece once again in focus as government talks enter a critical stage.
Mon, 06 Feb, 2012
SECURITY/SUPPORT/RESISTANCE
Mon, 06 Feb, 2012
City sources predict the FTSE 100 will open down 6 points from Friday's close of 5,901, ahead of the impending deadline for talks on Greece which will decide whether the country is to default on its debts or accept a new bailout.
Fri, 03 Feb, 2012
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.
Fri, 03 Feb, 2012
Bumi, the Indonesian coal miner, hit a bum note with shareholders who have demanded a meeting to request a meeting to persuade their fellow shareholders to boot out co-Chairman Nathaniel Rothschild along with a number of other members of the board.
Fri, 03 Feb, 2012
Insurance group Admiral jumped into the top spot after extending its existing UK car insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re until 2014. "Reinsurance has been at the core of Admiral's successful business model since 2000 and we look forward to continuing our mutually beneficial relationships with our partners for many years to come," said Chief Executive Officer Henry Engelhardt.
Fri, 03 Feb, 2012
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.
Fri, 03 Feb, 2012
London's blue chip stocks were broadly flat in early trading on Friday, with investors cautious ahead of some key non-farm payroll data due out in the US later today.
Fri, 03 Feb, 2012
SECURITY/SUPPORT/RESISTANCE
Fri, 03 Feb, 2012
City sources predict the FTSE 100 will open down around 9 points from yesterday's close of 5,796, ahead of Friday's non-farm payrolls data, the first major US economic indicator relating to the month of January.
Thu, 02 Feb, 2012
After a morning session in the red, UK stocks erased losses in afternoon trading after some better-than-expected data Stateside helped the outlook for the world's largest economy. Leading the rise on the Footsie were the miners after some M&A rumours bolstered gains.
Thu, 02 Feb, 2012
Meanwhile, confirmation of a merger between Swiss commodities giants Glencore and Xstrata sent the two stocks to the top of the pile today, with Xstrata jumping 10% and Glencore rising 7%. A merger of mining outfit Xstrata and commodities trader Glencore could create a leviathan valued at around £52bn.
Thu, 02 Feb, 2012
Shares of waste management firm Shanks rose to pole position. The Daily Mail is reporting on speculation that a cash-rich private equity player, "possibly old foe Carlyle", could be ready to launch a full-scale offer for the company at up to 140p per share. This compares with yesterday's close of 99.85p.
Thu, 02 Feb, 2012
Xstrata/Glencore surge on merger talks
Mining strength outweighed by Astra, Unilever, Shell.
China considering increasing involvement in Eurozone rescue.
