Daily Investment Market News from London
Thursday 23rd of October 2014
May 17, 2011

Essar Energy adds 3 percent in mostly lower London energy sector

by Elaine Frei
European equities markets were lower Tuesday on a third consecutive monthly drop in German investor confidence, higher inflation in the UK, disappointing corporate results, and an unexpected decline in new housing starts in the United States. The Commerce Department reported that housing starts in the US were down 10.6 percent in April against an expected increase, while UK inflation was at 4.5 percent in April after being at 4 percent in ...




May 16, 2011

Antofagasta leads miners higher in London

by Elaine Frei
European equities markets were lower Monday as Greece prepares to request another bailout from the European Union and the International Monetary Fund, with talks surrounding the request made more complicated by the arrest in New York of the managing director of the IMF on charges of sexual assault. The FTSE 100 was 0.04 percent lower to 5,923.69 in London, while the FTSE 250 dropped 0.46 percent to 11,943.5. Miners were mostly higher, ...




May 12, 2011

Hunting plc leads energy sector lower

by Elaine Frei
European equities markets were lower Thursday after commodities prices fell significantly on Wednesday and on new data from the European Union that Eurozone industrial production declined unexpectedly in March. The FTSE 100 was down 0.52 percent to 5,944.96 in London, while the FTSE 250 dropped 0.42 percent to 11,967.1. Miners and the energy sector declined on the drop in prices for oil and metals, with the energy sector also hurt after the ...




May 11, 2011

Sports Direct International leads London retailers higher

by Elaine Frei
European equities markets were mixed Wednesday, with markets in London and Frankfurt seeing declines while Paris and Madrid markets made gains. The FTSE 100 was down 0.71 percent to 5,976 in London, while the FTSE 250 dropped 0.31 percent to 12,017.9 after the Bank of England said that inflation could reach 5 percent later in the year, and the outlook for growth in the UK economy was not optimistic. Most sectors were ...




May 10, 2011

Pace plc drops 40 percent on profits warning

by Elaine Frei
European markets were higher Tuesday as earnings reports turned positive. The FTSE 100 was up 1.28 percent to 1,149.39 in London, with only for decliners on the session, while the FTSE 250 added 1.34 percent to 12,055.2, although its biggest decliner dropped nearly 40 percent. Pace plc (LSE: PIC) which makes pay-tv set-top boxes and software for pay-tv, satellite, and broadband services, was down 39.18 percent on a profit warning after supplies ...




May 9, 2011

Royal Bank of Scotland leads London banks lower

by Elaine Frei
European equities markets were lower Monday as banks declined after Standard & Poor’s cut Greece’s credit rating, renewing concerns about debt problems in parts of the region. S&P cut Greece’s credit rating from B to BB minus, and said it could make further cuts. The FTSE 100 was down 0.57 percent to 5,942.69 in London, while the FTSE 250 dropped 0.09 percent to 11,896.1. Banks were lower in London, with Royal Bank of ...




May 6, 2011

Royal Bank of Scotland leads banks, FTSE 100 higher in London

by Elaine Frei
Most European equities markets made gains Friday after the US Labor Department reported that the economy there added more jobs than expected last month, with 244,000 non-farm jobs added against an expected gain of 185,000 jobs, although the US unemployment rate also gained for the first time in five months from 8.8 percent in March to 9 percent in April as more people started looking for work. The FTSE 100 was ...




May 5, 2011

Lloyds Banking Group drops 8 percent on first-quarter loss

by Elaine Frei
European equities markets were mostly lower Thursday after quarterly reports in the banking sector disappointed. The FTSE 100 was down 1.07 percent to 5,919.98 in London, while the FTSE 250 dropped 0.53 percent to 11,845.7 as the Bank of England kept UK interest rates steady at 0.5 percent, just as expected. Lloyd’s Banking Group (LSE: LLOY) led declines in London’s banking sector, dropping 8 percent on a loss in the first quarter ...




Lloyds shares down on PPI claims

by Brian Turner
Shares in Lloyds Banking Group (LLOY) are currently down over 8% in morning trading on the FTSE after announcing losses of £2.4 billion for the quarter. This was primarily driven by the bank setting aside £3.2 billion to cover PPI miselling claims. It also had to set aside an extra £500 million on losses directly connected with Irish mortgage defaults. However, with one-off losses aside, Lloyds made a pre-tax profit of £284 ...




May 4, 2011

Aquarius Platinum adds 7 percent amid mostly lower mining sector

by Elaine Frei
Equities markets in Europe were lower Wednesday as corporate results for the first quarter continued to disappoint, and on new data from the United States that showed its services sector expanded at its slowest in eight months as the Institute for Supply Management’s non-manufacturing index came in at 52.8 in April from 57.3 in March. The FTSE 100 was down 1.62 percent to 5,984.07 in London, while the FTSE 250 dropped ...




May 3, 2011

Randgold Resources leads miners lower in London

by Elaine Frei
Most equities markets in Europe were lower Tuesday, but London’s markets saw gains as they returned to work after a four-day weekend to celebrate the royal wedding and a bank holiday. The FTSE 100 added 0.21 percent to 6,082.88 in London, while the FTSE 250 was up 0.01 percent to 12,014.8. Most miners saw declines after copper prices fell on reports that manufacturing growth slowed in the United States and China last ...




May 2, 2011

Commerzbank leads gains on Frankfurt’s Dax

by Elaine Frei
European markets were mostly higher Monday on the news that a US military operation had found and killed al-Qaeda leader Osama bin Laden, although analysts said that the positive effect of bin Laden’s death will not last long amid serious continuing concerns about global economic conditions. Also helping markets higher was a report on Eurozone manufacturing, with an index of factory activity up to 58 in April from 57.5 in March, ...




April 29, 2011

Daimler down, Volkswagen up in Germany

by Elaine Frei
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 ...




April 28, 2011

Broadcaster ITV leads gains on FTSE 100

by Elaine Frei
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 ...




April 27, 2011

Bodycote adds nearly 13 percent in London

by Elaine Frei
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 ...




April 26, 2011

International Consolidated Airlines Group leads gains on FTSE 100

by Elaine Frei
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 ...




April 21, 2011

Autonomy Corporation leads gains on slightly lower FTSE 100

by Elaine Frei
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 ...




April 20, 2011

Ferrexpo leads miners higher in London as metals prices soar

by Elaine Frei
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 ...




April 19, 2011

Burberry Group leads FTSE 100 on quarterly results

by Elaine Frei
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 ...




April 18, 2011

Advertiser WPP leads 100 gainers with 0.14 percent gain

by Elaine Frei
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 ...