Financials and miners lead the FTSE 100 up September 7, 2012 The blue chip index rose in early deals this morning, following positive gains in Asia and the US as investors reacted positively to European Central Bank (ECB) plans to spend billions of euros shoring up troubled governments. Miners Evraz and Ferrexpo led the index up, by 8.51 and 7.11 per cent respectively, as the ECB’s [...]
Evraz swings to loss due to fall in steel prices August 30, 2012 EVRAZ yesterday slumped to a 119 per cent loss for the first half of the year, as its profits were hurt by falling steel prices. The Russian miner’s net loss came in at $50m (£31.5m) for the first six months to 30 June, down from $263m over the previous year. Revenue for the firm, which [...]
FTSE 100 up on stimulus hopes August 23, 2012 The headline index opened higher this morning on hopes of fresh stimulus from China and the US. The US Federal Reserve suggested last night that another round of stimulus could be likely if the economy doesn’t recover soon. Headline mining shares led the index up, with Allied Gold Mining adding 4.33 per cent in early [...]
FTSE 100 dragged down by Eurozone woes August 22, 2012 The index was dragged down in early trading, as investors fretted over renewed uncertainty surrounding the Eurozone crisis. Greek Prime Minister Antonis Samaras is due to meet with Euro Group chief Jean-Claude Juncker today to discuss the country’s austerity plans. By far the biggest faller in the index in early trading was TT Electronics, down [...]
FTSE 100 dragged down by miners August 15, 2012 The FTSE 100 opened 0.6 per cent down this morning, as mining companies led the blue chip index down. Miners New World Resources, Rio Tinto, Vedanta, Anglo American and Evraz were all clustered in the morning’s biggest fallers on fears of slowing demand. New World and Rio Tinto fell by more than four per cent, [...]
FTSE shrugs off Standard Chartered slump to reach a four-month high August 7, 2012 BRITAIN’S FTSE 100 climbed to its highest close in four months yesterday, with heavyweight miners and energy stocks rallying on expectations of global economic stimulus and outweighing a steep sell off in Standard Chartered. The bank’s shares plunged 16.4 per cent in their biggest one-day sell off in four years after New York’s top bank [...]
FTSE edges down as UK borrowing rises July 20, 2012 Telecoms giant Vodafone pushed the FTSE 100 lower while UK government borrowing came in above estimates this morning. The Office for National Statistics said that public sector net borrowing excluding financial sector interventions rose last month to £14.4bn from £13.9bn in June 2011. On London’s blue chip index Vodafone fell 1.3 per cent after the [...]
Evraz reports fall in production July 16, 2012 Russian steel and mining group Evraz said yesterday steel production fell six per cent in the second quarter from previous three months, due to maintenance work at its mills and weaker demand in Europe and South Africa. FTSE 100-listed Evraz said in an update that prices for most steel products were marginally flat.
FTSE pegged back by miners July 9, 2012 The FTSE 100 edged down in early trading today as disappointing jobs data out of the US on Friday continued to cast a shadow over global markets. The 80,000 increase in payrolls in June was slightly below market expectations for an increase of about 90,000 and was not enough to reduce the unemployment rate, which [...]
FTSE dips as investors eye US jobs data July 6, 2012 The FTSE 100 fell in early trading with investors cautious ahead of key US jobs data and still absorbing moves by three central banks to get their country’s economies back on track. Banks in China, Europe and Britain loosened monetary policy in an attempt to boost flagging global growth but ended up spooking investors, who [...]