Daily Investment Market News from London
Monday 15th of March 2010
August 11, 2009

IPR leads gains on the 100

by Elaine Frei

IPR leads gains on the 100

European equities markets were lower Tuesday as banks and miners declined after new data from the US Commerce Department showed that wholesale inventories in the United States dropped by 1.7 percent in June, to their lowest in nearly two years. The new figures put the economic recovery in doubt. The FTSE 100 was 1.08 percent lower to 4,671.34 in London, while the FTSE ...




August 10, 2009

Insurer FP leads gains on FTSE 100

by Elaine Frei

Insurer FP leads gains on FTSE 100

European equities markets were lower Monday as miners and some banks saw declines even as insurers made gains. The FTSE 100 was 0.2 percent lower to 4,722.2 in London, while the FTSE 250 was down 0.01 percent to 8,421.01. Insurer Friends Provident Group (LSE: FP) led gainers on the 100 as it added 6.99 percent, while Prudential (LSE: PRU) was also higher, ...




August 6, 2009

LLOY, RBS lead banks higher

by Elaine Frei

LLOY, RBS lead banks higher

European equities markets were higher Thursday after the European Central Bank held interest rates at 1 percent and as the Bank of England held UK rates at 0.5 percent and unexpectedly expanded its spending for bond purchases in order to help out the economy. The FTSE 100 added 0.93 percent to 4,690.53 in London, while the FTSE 250 was up 1.35 percent to ...




August 5, 2009

LAND, HMSO, LII gain on home prices

by Elaine Frei

LAND, HMSO, LII gain on home prices

European equities markets were mostly lower Wednesday after new data from the United States showed that the services sector there declined in July and on a report from the Energy Information Administration which said crude oil stockpiles grew more than expected last week. The FTSE 100 was down 0.52 percent to 4,647.13 in London, while the FTSE 250 managed to add ...




August 4, 2009

AU leads gains on FTSE 100

by Elaine Frei

AU leads gains on FTSE 100

European equities markets were mostly lower Tuesday as banks gave back recent gains and miners declined on lower base metals prices. The FTSE 100 was down 0.24 percent to 4,671.37 in London, while the FTSE 250 added 1.03 percent to 8,242.51. The best performance on the 100 came from IT group Autonomy Corporation (LSE: AU), which added 5.58 percent, while in the properties ...




August 3, 2009

PFC leads 100 on higher oil prices

by Elaine Frei

PFC leads 100 on higher oil prices

Equities markets in Europe were higher Monday on new data showing that manufacturing was up in the United States, the UK and China in July. The Institute for Supply Management reported its factory index at 48.9 in July, more of an advance than expected after being at 44.8 in June. The FTSE 100 was up 1.61 percent to 4,682.46 in London, while ...




July 31, 2009

BAY adds 6 percent on cost cutting

by Elaine Frei

BAY adds 6 percent on cost cutting

European equities markets were mostly lower to end the week as the FTSE Eurofirst 300 was down 0.18 percent on the session to 928.9, although despite the day’s declines it added 2.4 percent on the week and was up 9.2 percent in July. The FTSE 100 was 0.5 percent lower to 4,608.36 in London, but the FTSE 250 added 0.82 percent ...




July 30, 2009

TPK, WOS send construction materials sector higher

by Elaine Frei

TPK, WOS send construction materials sector higher

European equities markets were higher Thursday as investors hoped that positive quarterly reports mean that the economy is beginning to recover from the global recession. In London, the FTSE 100 added 1.85 percent to 4,631.61 while the FTSE 250 was up 2.22 percent to 7,934.63. The construction materials sector had a good day as retailer Travis Perkins (LSE: TPK) added 13.57 percent ...




July 29, 2009

SDR voting, non-voting shares lead FTSE 100

by Elaine Frei

SDR voting, non-voting shares lead FTSE 100

Equities markets in Europe were mostly higher Wednesday as the corporate earnings season continued, with some results coming in better than expected. The FTSE 100 and FTSE 250 each added 0.41 percent on the session in London, to 4,547.53 and 7,762.59 respectively. Voting and non-voting shares of investment manager Schroders (LSE: SDR.L, SDRt.L) led gainers on the 100, with non-voting shares adding ...




July 28, 2009

RRS leads declines in mining sector

by Elaine Frei

RRS leads declines in mining sector

European equities markets were lower Tuesday, hurt by new data showing that consumer confidence in the United States fell in July as the Conference Board said it’s confidence index was at 46.6 in July, down from 49.3 in June. The FTSE 100 was down 1.25 percent to 4,528.84 in London, while the FTSE 250 dropped 1.85 percent to 7,731.16. The mining sector was ...




July 27, 2009

Publishers PSON, YELL lead 100, 250 in London

by Elaine Frei

Publishers PSON, YELL lead 100, 250 in London

Equities markets in Europe were higher Monday after a report that new home sales in the United States were up 11 percent in June from May and as inventories of new homes for sale were at their lowest since February 1998. The news helped sentiment that economic recovery is on the way. In London, the FTSE 100 added 0.21 percent to ...




July 23, 2009

KAZ leads miners on higher metals prices

by Elaine Frei

KAZ leads miners on higher metals prices

European equities markets were higher Thursday as more positive quarterly reports came in and miners saw gains as metals prices went up. The FTSE 100 added 1.47 percent to 4,559.8 in London, while the FTSE 250 was up 1.2 percent to 7,887.23. Miners once again dominated the gainers list on the 100, taking all top 5 spots as Kazakhmys (LSE: KAZ) led ...




July 22, 2009

SHP, MRK lead FTSE 100, Dax as pharma rises

by Elaine Frei

SHP, MRK lead FTSE 100, Dax as pharma rises

European equities markets were higher Wednesday on gains in the pharmaceuticals sector. Shire Pharmaceuticals (LSE: SHP) led the FTSE 100 in London with a gain of 3.96 percent while Merck (FWB: MRK) was the best performer on the Dax as it added 2.22 percent in Frankfurt. The gains came after Bayer (FWB: BAY; TYO: 4863) said that the breast cancer ...




July 21, 2009

LGEN tops mixed insurance sector

by Elaine Frei

LGEN tops mixed insurance sector

Most equities markets in Europe saw gains Tuesday. In London, the FTSE 100 was up 0.85 percent to 4,481.17 while the FTSE 250 added 0.99 percent to 7,742.58. Insurers were mostly higher, led by Legal & General (LSE: LGEN) with a gain of 4.27 percent, but Friends Provident (LSE: FP) dropped 2.5 percent after it spurned a takeover offer and specialty insurer Hiscox (LSE: ...




July 20, 2009

Miner KAZ leads 100 as banks, insurers also gain

by Elaine Frei

Miner KAZ leads 100 as banks, insurers also gain

European equities markets saw gains Monday on the news that US lender CIT Group (NYSE: CIT) will likely avoid bankruptcy and after the Conference Board’s index of leading economic indicators was reported up 0.7 percent in June, causing speculation that the US economy will recover later in the year. The FTSE 100 added 1.25 percent to 4,443.62 in London, ...




July 17, 2009

AQP, ENRC lead mining sector

by Elaine Frei

AQP, ENRC lead mining sector

European equities markets were higher again Friday. The FTSE 100 was 0.62 percent higher to 4,388.75 in London, while the FTSE 250 added 0.35 percent to 7,580.66. Miners remained in focus as metals prices advanced, with all five top winners on the 100 and the top winner on the 250 coming from the mining sector. Aquarius Platinum (LSE: AQP) led both the 250 and the ...




July 16, 2009

PFC leads gains on 100

by Elaine Frei

PFC leads gains on 100

Most equities markets in Europe were higher Thursday after positive quarterly results from US banks JPMorgan Chase (NYSE: JPM), which said it’s second quarter profits were up by 36 percent, and Goldman Sachs (NYSE: GS). The FTSE 100 added 0.35 percent to 4,361.84 in London, but the FTSE 250 was 0.24 percent lower to 7,554.11. Construction and chemical engineering group Petrofac Ltd (LSE: PFC) ...




July 15, 2009

XTA leads as miners gain again

by Elaine Frei

XTA leads as miners gain again

Europe’s equities markets saw gains Wednesday, with miners and insurers both up in London. The FTSE 100 added 2.57 percent to 4,346.46 in London, while the FTSE 250 gained 2.18 percent to 7,572.33. Miner Xstrata (LSE: XTA) led gainers on the 100 as it added 8.42 percent and turned in the best performance in the sector, but not all miners were higher as ...




July 14, 2009

FRES up 13 percent as FXPO leads miners with 20 percent gain

by Elaine Frei

FRES up 13 percent as FXPO leads miners with 20 percent gain

European equities markets saw gains Tuesday as miners and the oil sector saw big gains, while banks and carmakers also were higher on the session. The FTSE 100 added 0.85 percent to 4,237.68 in London, while the FTSE 250 gained 1.82 percent to 7,411.09. The top five gainers on the 100 all came from the mining sector, ...




July 13, 2009

Insurer FP leads sector to gains

by Elaine Frei

Insurer FP leads sector to gains

Equities markets were higher n Europe Monday as financial sectors, including insurers, saw gains on the session. The FTSE 100 was up 1.82 percent to 4,202.13 in London, while the FTSE 250 added 1.31 percent to 7,278.8. Insurers took the top four spots on the gainers side of the 100, led by Friends Provident (LSE: FP) with a gain of 12.58 percent, as ...