JP Morgan is City’s number one adviser May 30, 2011 JP MORGAN Cazenove has maintained its place at the top of the City’s broker advisory tables despite losing five clients since last quarter, according to the latest figures from financial data firm Hemscott. The company now has 239 clients – still a fair way off its peak of 251 in early 2010 but streets ahead [...]
Strong miners give FTSE a boost May 26, 2011 STRENGTH in heavyweight mining stocks helped Britain’s top share index edge higher yesterday, countering slippage by banks on Eurozone debt concerns. At the close, the FTSE 100 was up 10.9 points, or 0.2 per cent at 5,880.99, well below a morning spike above the psychologically important 5,900 level to 5,910.77. “The overall impression … is [...]
Banks lead the FTSE to small gains as traders eye Eurozone May 25, 2011 BRITAIN’S top shares edged higher yesterday, led by banks on bargain hunting, but the prevailing mood was cautious with some analysts and traders pessimistic about the long-term prospects for equities. The FTSE 100 ended up 11.73 points, or 0.2 per cent, at 5,870.14 helped by some sense of relief that there was no deterioration in [...]
FTSE dips on eurozone fears and slipping commodities May 25, 2011 The FTSE 100 dipped today as jittery investors lost confidence in commodities and remained nervous over the eurozone debt crisis. With raw material prices dropping amid concerns over a slowdown in China, riskier assets were being shunned. Shares in commodities giant Glencore fell as much as three per cent on their Hong Kong trading debut [...]
Glencore falls in Hong Kong trading debut May 25, 2011 Shares in Glencore International fell as much as three per cent on their Hong Kong trading debut, dented by concerns over valuations and the outlook for commodities after a lacklustre start in London the previous day. The dual listing in London and Hong Kong puts an end to the drawn-out process of taking the 37-year [...]
Glencore rises 2pc in first day’s trading May 24, 2011 GLENCORE saw its share price close up 2.14 per cent in its first day of public trading on the London Stock Exchange yesterday in what the LSE confirmed is London’s largest ever float, with $10bn raised. The stock closed at 525p, failing to break above its original float price of 530p when conditional trading began [...]
A sorely needed IPO success story May 24, 2011 London’s float market badly needed a success story after a run of false starts and postponements this year. And Glencore’s moderate price movement during its first day’s trading seems to have supplied just that. Observers looking for a superstar rally, to fit hype from bankers last week that a five to 10 per cent rise [...]
GLENCORE BOSS’S BRIEF ENCOUNTER AT CHELSEA May 24, 2011 IT WAS unseasonably cold at the preview of this week’s Chelsea Flower Show – so the Queen, mindful of her constitution, didn’t stop to admire every single show garden. However, she did manage to drop in on the Royal Bank of Canada’s New Wild Garden, designed by Nigel Dunnett of The Landscape Agency, where Lynn [...]
FTSE rallys on commodities but Eurozone doubts linger May 24, 2011 BRITAIN’S top shares rose yesterday as rallying commodity stocks helped the index recover some of its poise, but the advance may be short-lived as investors find themselves hemmed in by Eurozone debt concerns. The FTSE 100 closed up 22.52 points or 0.4 per cent at 5,858.41, having hit a two-month closing low on Monday after [...]
FTSE rebounds but Wall St fall goes on May 24, 2011 UK stocks rebounded today as miners regained ground after grim falls yesterday, though final gains were small. The FTSE 100 ended the session 0.4 per cent higher at 5,858.41 but recorded a high of 5,884.66 in the day’s trading as investor confidence returned. Bargain hunters moved in on miners, which recovered along with metals prices [...]