April 29, 2011
European equities markets were higher Friday, but trade volumes were low as London markets were closed for celebrations of the royal wedding there. Markets were helped by data from the United States that said US consumer spending was up 0.6 percent in March, mostly on higher prices for food and fuel, while corporate results in both Europe and the US continued to be mostly positive, although the European Union’s statistics office ...
Daimler down, Volkswagen up in Germany
by Elaine FreiEuropean equities markets were higher Friday, but trade volumes were low as London markets were closed for celebrations of the royal wedding there. Markets were helped by data from the United States that said US consumer spending was up 0.6 percent in March, mostly on higher prices for food and fuel, while corporate results in both Europe and the US continued to be mostly positive, although the European Union’s statistics office ...
April 28, 2011
European equities markets were higher Thursday after Wednesday’s decision by the US Federal Reserve to hold interest rates steady and after unemployment declined in Germany, although new filings for jobless claims in the United States were up unexpectedly last week. The FTSE 100 was up 0.03 percent to 6,069.9 in London, while the FTSE 250 gained 1 percent to 12,013.9. Broadcaster ITV (LSE: ITV) added 4.54 percent to lead gains on the ...
Broadcaster ITV leads gains on FTSE 100
by Elaine FreiEuropean equities markets were higher Thursday after Wednesday’s decision by the US Federal Reserve to hold interest rates steady and after unemployment declined in Germany, although new filings for jobless claims in the United States were up unexpectedly last week. The FTSE 100 was up 0.03 percent to 6,069.9 in London, while the FTSE 250 gained 1 percent to 12,013.9. Broadcaster ITV (LSE: ITV) added 4.54 percent to lead gains on the ...
April 27, 2011
European equities markets were higher Wednesday, although London’s markets were mixed although the UK’s Office for National Statistics said that the UK’s gross domestic product was up 0.5 percent in the first quarter from the last quarter of 2010, about as expected. The FTSE 100 was 0.02 percent lower to 6,068.16 in London, while the FTSE 250 added 0.22 percent to 11,895. Engineering services group Bodycote (LSE: BOY) led gains on the ...
Bodycote adds nearly 13 percent in London
by Elaine FreiEuropean equities markets were higher Wednesday, although London’s markets were mixed although the UK’s Office for National Statistics said that the UK’s gross domestic product was up 0.5 percent in the first quarter from the last quarter of 2010, about as expected. The FTSE 100 was 0.02 percent lower to 6,068.16 in London, while the FTSE 250 added 0.22 percent to 11,895. Engineering services group Bodycote (LSE: BOY) led gains on the ...
April 26, 2011
European equities markets were higher Tuesday as traders returned after a four-day weekend. The FTSE 100 added 0.85 percent to 6,069.36 in London, while the FTSE 250 was up 0.5 percent to 11,869.4. International Consolidated Airlines Group (LSE: IAG), the parent company of British Airways, lead gainers on the 100 as it added 4.51 percent on positive comment from UBS. IAG also lead gains in a mostly higher travel and leisure sector, while ...
International Consolidated Airlines Group leads gains on FTSE 100
by Elaine FreiEuropean equities markets were higher Tuesday as traders returned after a four-day weekend. The FTSE 100 added 0.85 percent to 6,069.36 in London, while the FTSE 250 was up 0.5 percent to 11,869.4. International Consolidated Airlines Group (LSE: IAG), the parent company of British Airways, lead gainers on the 100 as it added 4.51 percent on positive comment from UBS. IAG also lead gains in a mostly higher travel and leisure sector, while ...
April 21, 2011
European equities markets were mostly higher on the last day of trade before most of the region takes a four-day weekend in observance of the Easter holiday. London markets were mixed as the FTSE 100 dropped 0.07 percent to 6,018.3 but the FTSE 250 added 0.46 percent to 11,810.5. Software group Autonomy Corporation (LSE: AU) led gains on the 100 as it added 7.43 percent, while the worst performer on the index ...
Autonomy Corporation leads gains on slightly lower FTSE 100
by Elaine FreiEuropean equities markets were mostly higher on the last day of trade before most of the region takes a four-day weekend in observance of the Easter holiday. London markets were mixed as the FTSE 100 dropped 0.07 percent to 6,018.3 but the FTSE 250 added 0.46 percent to 11,810.5. Software group Autonomy Corporation (LSE: AU) led gains on the 100 as it added 7.43 percent, while the worst performer on the index ...
April 20, 2011
European equities markets were higher Wednesday as corporate quarterly results were generally positive. The FTSE 100 added 2.13 percent to 6,022.26 in London, while the FTSE 250 was up 1.57 percent to 11,756.2. Miners were up on record gold prices and after copper and aluminium prices both advanced after a copper miner suspended production at an Indonesian mine and China moved to lower production overcapacity for aluminium. Iron-ore miner Ferrexpo (LSE: FXPO) was ...
Ferrexpo leads miners higher in London as metals prices soar
by Elaine FreiEuropean equities markets were higher Wednesday as corporate quarterly results were generally positive. The FTSE 100 added 2.13 percent to 6,022.26 in London, while the FTSE 250 was up 1.57 percent to 11,756.2. Miners were up on record gold prices and after copper and aluminium prices both advanced after a copper miner suspended production at an Indonesian mine and China moved to lower production overcapacity for aluminium. Iron-ore miner Ferrexpo (LSE: FXPO) was ...
April 19, 2011
European equities markets were higher Tuesday although corporate results were mixed. The FTSE 100 added 0.46 percent to 5,896.87 in London, while the FTSE 250 was up 0.73 percent to 11,574.5. Burberry Group (LSE: BRBY) gained 6.02 percent and led advances on the 100 after the fashion house reported fiscal fourth quarter sales that were above analyst forecasts and after it said full-year profits will be at the high end of expectations. Retailers ...
Burberry Group leads FTSE 100 on quarterly results
by Elaine FreiEuropean equities markets were higher Tuesday although corporate results were mixed. The FTSE 100 added 0.46 percent to 5,896.87 in London, while the FTSE 250 was up 0.73 percent to 11,574.5. Burberry Group (LSE: BRBY) gained 6.02 percent and led advances on the 100 after the fashion house reported fiscal fourth quarter sales that were above analyst forecasts and after it said full-year profits will be at the high end of expectations. Retailers ...
April 18, 2011
European equities markets were substantially lower Monday on concerns about debt problems in the Eurozone after the International Monetary Fund said that it considers Greece’s debt unsustainable, and on the move by Standard & Poor’s to downgrade the long-term outlook for US credit from “stable” to “negative” even though it maintained its AAA credit rating for the country. The FTSE 100 dropped 2.1 percent to 5,870.08 in London, while the FTSE ...
Advertiser WPP leads 100 gainers with 0.14 percent gain
by Elaine FreiEuropean equities markets were substantially lower Monday on concerns about debt problems in the Eurozone after the International Monetary Fund said that it considers Greece’s debt unsustainable, and on the move by Standard & Poor’s to downgrade the long-term outlook for US credit from “stable” to “negative” even though it maintained its AAA credit rating for the country. The FTSE 100 dropped 2.1 percent to 5,870.08 in London, while the FTSE ...
April 15, 2011
European equities markets were mixed Friday as US consumer confidence was up in a new survey, but gains were limited on new economic data from China showed that inflation grew more than expected last month and Moody’s Investors Service cut its rating on Ireland’s bonds from Baa1 to Baa3 with a negative outlook. The FTSE 100 was up 0.54 percent to 5,996.01 in London, while the FTSE 250 added 0.66 percent ...
Dixons Retail leads London retail sector higher
by Elaine FreiEuropean equities markets were mixed Friday as US consumer confidence was up in a new survey, but gains were limited on new economic data from China showed that inflation grew more than expected last month and Moody’s Investors Service cut its rating on Ireland’s bonds from Baa1 to Baa3 with a negative outlook. The FTSE 100 was up 0.54 percent to 5,996.01 in London, while the FTSE 250 added 0.66 percent ...
April 14, 2011
European equities markets were lower Thursday on concerns that Greece and Portugal could have to reschedule debt payments, and on discouraging data from the US as first-time jobless claims and producer prices both increased in the latest figures. The FTSE 100 was 0.5 percent lower to 1,129.59 in London, while the FTSE 250 dropped 0.11 percent to 11,603.2. Producers of consumer goods had a rough session as household, consumer healthcare and personal ...
Reckitt Benckiser drops 7.5 percent in London trade
by Elaine FreiEuropean equities markets were lower Thursday on concerns that Greece and Portugal could have to reschedule debt payments, and on discouraging data from the US as first-time jobless claims and producer prices both increased in the latest figures. The FTSE 100 was 0.5 percent lower to 1,129.59 in London, while the FTSE 250 dropped 0.11 percent to 11,603.2. Producers of consumer goods had a rough session as household, consumer healthcare and personal ...
April 13, 2011
European equities markets saw gains Wednesday on new data showing that factory output in the Eurozone was up by 0.4 percent in February, the fifth consecutive month of gains. The FTSE 100 added 0.77 percent to 6,010.44 in London, while the FTSE 250 was up 0.64 percent to 11,615.8, with banks seeing gains after US bank JPMorgan Chase (NYSE: JPM) reported that profits were up by 67 percent in the first ...
Barclays Bank leads London banks higher after JPMorgan 1Q profits
by Elaine FreiEuropean equities markets saw gains Wednesday on new data showing that factory output in the Eurozone was up by 0.4 percent in February, the fifth consecutive month of gains. The FTSE 100 added 0.77 percent to 6,010.44 in London, while the FTSE 250 was up 0.64 percent to 11,615.8, with banks seeing gains after US bank JPMorgan Chase (NYSE: JPM) reported that profits were up by 67 percent in the first ...
April 12, 2011
Equities markets were lower in Europe Tuesday on more concerns about the nuclear crisis in Japan after Tokyo Electric Power (TYO: 9501) said that its Fukushima Dai-Ichi nuclear power plant could release more radiation than Chernobyl and Japan’s Nuclear and Industrial Safety Agency upped its severity rating on the situation at the power facility. Markets were also hurt by the news that the US corporate results season had gotten off to ...
Ferrexpo leads miners, FTSE 250 lower
by Elaine FreiEquities markets were lower in Europe Tuesday on more concerns about the nuclear crisis in Japan after Tokyo Electric Power (TYO: 9501) said that its Fukushima Dai-Ichi nuclear power plant could release more radiation than Chernobyl and Japan’s Nuclear and Industrial Safety Agency upped its severity rating on the situation at the power facility. Markets were also hurt by the news that the US corporate results season had gotten off to ...
April 11, 2011
European equities markets were lower Monday ahead of the start of US quarterly corporate results, scheduled to begin later in the day. The FTSE 100 was down 0.04 percent to 6,053.44 in London, while the FTSE 250 dropped 0.31 percent to 11,689.7. Four of the top five decliners on the 250 came from the house building sector, as Barratt Developments (LSE: BDEV) dropped 4.35 percent, Persimmon (LSE: PSN) fell 4.13 percent, Bellway ...
Homebuilders decline in London trade
by Elaine FreiEuropean equities markets were lower Monday ahead of the start of US quarterly corporate results, scheduled to begin later in the day. The FTSE 100 was down 0.04 percent to 6,053.44 in London, while the FTSE 250 dropped 0.31 percent to 11,689.7. Four of the top five decliners on the 250 came from the house building sector, as Barratt Developments (LSE: BDEV) dropped 4.35 percent, Persimmon (LSE: PSN) fell 4.13 percent, Bellway ...
April 8, 2011
London-listed miners led gains on the FTSE 100 in London as European equities markets saw gains Friday. The FTSE 100 added 0.81 percent to 6,055.75 in London, while the FTSE 250 gained 0.57 percent to 11,726.2 as the Office of National Statistics issued new data showing that producer prices in the UK added 0.9 percent in March, making it more likely that the Bank of England will raise interest rates soon. Miners ...
Kenmare Resources leads miners higher in London
by Elaine FreiLondon-listed miners led gains on the FTSE 100 in London as European equities markets saw gains Friday. The FTSE 100 added 0.81 percent to 6,055.75 in London, while the FTSE 250 gained 0.57 percent to 11,726.2 as the Office of National Statistics issued new data showing that producer prices in the UK added 0.9 percent in March, making it more likely that the Bank of England will raise interest rates soon. Miners ...
April 7, 2011
European equities markets were mostly lower after a magnitude 7.1 aftershock hit the region of Japan devastated by the 11 March earthquake and tsunami at around 11:30 p.m. local time there, and after the European Central Bank raised interest rates to 1.25 percent, from 1 percent. A tsunami warning was issued, but was cancelled about 90 minutes after the quake, while there were reports that the aftershock did not do any ...
Aggreko leads gains on FTSE 100; Europe, US markets drop on Japan aftershock
by Elaine FreiEuropean equities markets were mostly lower after a magnitude 7.1 aftershock hit the region of Japan devastated by the 11 March earthquake and tsunami at around 11:30 p.m. local time there, and after the European Central Bank raised interest rates to 1.25 percent, from 1 percent. A tsunami warning was issued, but was cancelled about 90 minutes after the quake, while there were reports that the aftershock did not do any ...
April 6, 2011
European equities markets were higher Wednesday on the news that factory orders added 2.4 percent in February over January, while German and Italian banks said they would boost capital. The FTSE 100 was up 0.57 percent to 6,041.13 in London, while the FTSE 250 was 0.37 percent higher to 11,781.4 as banks gained on more confidence in banks generally after the banks in Germany and Italy said they would raise more ...
Lloyds Banking Group leads London banks higher
by Elaine FreiEuropean equities markets were higher Wednesday on the news that factory orders added 2.4 percent in February over January, while German and Italian banks said they would boost capital. The FTSE 100 was up 0.57 percent to 6,041.13 in London, while the FTSE 250 was 0.37 percent higher to 11,781.4 as banks gained on more confidence in banks generally after the banks in Germany and Italy said they would raise more ...
April 5, 2011
European equities markets were mostly lower Tuesday, but technology shares were higher on mergers and acquisitions news. The FTSE 100 was 0.16 percent lower to 6,007.06 in London, while the FTSE 250 was down 0.25 percent to 11,737.7. ARM Holdings added 2.62 percent on the news that US-based chipmaker Texas Intsruments (NYSE: TXN) said it will buy National Semiconductor (NYSE: NSM) for $6.5 billion. Vedanta Resources (LSE: VED) led gains on the 100 ...
ARM Holdings sees gains on chip sector acquisitions news
by Elaine FreiEuropean equities markets were mostly lower Tuesday, but technology shares were higher on mergers and acquisitions news. The FTSE 100 was 0.16 percent lower to 6,007.06 in London, while the FTSE 250 was down 0.25 percent to 11,737.7. ARM Holdings added 2.62 percent on the news that US-based chipmaker Texas Intsruments (NYSE: TXN) said it will buy National Semiconductor (NYSE: NSM) for $6.5 billion. Vedanta Resources (LSE: VED) led gains on the 100 ...
April 4, 2011
Equities markets were mixed in Europe on Monday as bids news was in focus. The FTSE 100 added 0.12 percent to 6,016.98 in London, while the FTSE 250 gained 0.49 percent to 11,766.6. In the telecommunications sector, Vodafone (LSE: VOD) was up by as much as 2.2 percent before closing the session down 0.14 percent on the news that Vivendi SA (Euronext: VIV) said it will buy Vodafone’s stake in French mobile ...
Vodafone declines after gains on sale of stake in SFR
by Elaine FreiEquities markets were mixed in Europe on Monday as bids news was in focus. The FTSE 100 added 0.12 percent to 6,016.98 in London, while the FTSE 250 gained 0.49 percent to 11,766.6. In the telecommunications sector, Vodafone (LSE: VOD) was up by as much as 2.2 percent before closing the session down 0.14 percent on the news that Vivendi SA (Euronext: VIV) said it will buy Vodafone’s stake in French mobile ...
April 1, 2011
European equities markets were helped to gains after the US Labor Department reported that employers added 216,000 jobs in March, well over analyst estimates, sending US unemployment to 8.8 percent, down from 8.9 percent last month, with the only dark spot in the report coming from a decline of 14,000 government jobs during the month. The FTSE 100 was up 1.71 percent to 6,009.92 in London, while the FTSE 250 was ...
Bank of Ireland gains on plan to avoid nationalization
by Elaine FreiEuropean equities markets were helped to gains after the US Labor Department reported that employers added 216,000 jobs in March, well over analyst estimates, sending US unemployment to 8.8 percent, down from 8.9 percent last month, with the only dark spot in the report coming from a decline of 14,000 government jobs during the month. The FTSE 100 was up 1.71 percent to 6,009.92 in London, while the FTSE 250 was ...