Daily Investment Market News from London
Thursday 17th of May 2012
April 20, 2009

Miner ENRC leads 100 lower

by Elaine Frei

Miner ENRC leads 100 lower

European equities markets were substantially lower Monday after banks declined on a report from US bank Bank of America (NYSE: BAC), which said that quarterly profit was up as a result of its acquisition of Merrill Lynch, but that it also had a large increase in its number of troubled loans. The FTSE 100 dropped 2.49 percent to 3,9990.86 in London, while the ...




April 17, 2009

LLOY leads London banks on Citigroup report

by Elaine Frei

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Equities markets in Europe saw gains Friday, helped by gains in the banking sector after US bank Citigroup (NYSE: C) said that it only lost 18 cents per share in the first quarter, a better performance than analysts had anticipated. In London, the FTSE 100 added 0.98 percent to 4,092.8 while the FTSE 250 gained 1.15 percent to 7,307.73. Lloyds Banking Group (LSE: LLOY) turned in the best ...




April 16, 2009

BARC leads London banks after JPM report

by Elaine Frei

BARC leads London banks after JPM report

European equities markets were higher Thursday as banks climbed on a positive report from JPMorgan Chase (NYSE: JPM) helped banks to gains. The FTSE 100 added 2.13 percent to 4,052.98 in London, while at the same time the FTSE 250 was up 1.62 percent to 7,224.76. Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) lead the sector higher in London with a ...




April 15, 2009

UBS down on 1Q report, layoffs announcement

by Elaine Frei

UBS down on 1Q report, layoffs announcement

European equities markets were lower Wednesday, hurt by banks after Swiss bank UBS (SWX: USBN; NYSE: UBS; TYO: 8657) said it lost almost SFr2 billion in the first quarter and said it will cut jobs again. UBS was down 6.9 percent after issuing its report. The FTSE Eurofirst 300 was down 0.22 percent to 788.21 while the Dax fell 0.16 percent to ...




April 14, 2009

LLOY leads banks higher in London

by Elaine Frei

LLOY leads banks higher in London

Equities markets were higher in Europe and in most of the Asia-Pacific region Tuesday as banks responded positively to positive sentiment about US quarterly results in the sector, with European banks up after Goldman Sachs (NYSE: GS) released its report a day early, saying that it made more money than expected in the first quarter. In London, the FTSE 100 added 0.13 ...




April 9, 2009

AQP leads miners higher in London

by Elaine Frei

AQP leads miners higher in London

Equities markets were higher in Europe Thursday to end a holiday-shortened week. In London, the FTSE 100 added 1.48 percent to 3,983.71 while the FTSE 250 gained 3.88 percent to 6,978.91 as banks and miners comprised the top five winners on the 100. Vedanta Resources (LSE: VED) added 13 percent to top the 100, while Aquarius Platinum (LSE: AQP) led gains for miners ...




April 8, 2009

BDEV leads homebuilders in London

by Elaine Frei

BDEV leads homebuilders in London

Most European equities markets were higher Wednesday, but London’s markets ended slightly lower on the session even though property developers and house builders saw gains on both the FTSE 100 and FTSE 250. The 100 dropped 0.13 percent to 3,925.52 while the 250 ended 0.02 percent lower to 6,718.41. Barratt Developments (LSE: BDEV) was up 8.46 percent on the 250, while Redrow (LSE: RDW) ...




April 6, 2009

RIO drops 11 percent in London

by Elaine Frei

RIO drops 11 percent in London

European equities markets were lower Monday as most banks, miners and carmakers declined. In London, the FTSE 100 was down 0.9 percent to 3,993.54 while the FTSE 250 dropped 0.59 percent to 6,885.54. Miners were hurt after a report that Rio Tinto (LSE: RIO) might need to raise up to $10 billion dollars. Four of the five biggest decliners on the 100 came from ...




April 3, 2009

RRS leads miners lower

by Elaine Frei

RRS leads miners lower

Equities markets in Europe were mixed Friday as some data suggested that the worst of the recession is over but other numbers, including gains in unemployment in the United States last week, caused concerns that there are still hard times ahead. In London, the FTSE 100 was 2.31 percent lower to 4,029.67 but the FTSE 250 managed a gain of 1.62 percent to 6,926.2. Four ...




April 2, 2009

Miner KAZ leads winners on FTSE 100

by Elaine Frei

Miner KAZ leads winners on FTSE 100

European equities markets were up significantly Thursday as carmakers and some miners saw gains. The FTSE 100 was up 4.28 percent to 4,134.97 in London, while the FTSE 250 gained 4.21 percent to 6,816.12. Miners made their presence felt on the 100, taking both the top winning and top losing spot on the index as Kazakhmys (LSE: KAZ) added 17.37 percent, but ...




April 1, 2009

Retailer DSGI adds 25 percent on 250

by Elaine Frei

Retailer DSGI adds 25 percent on 250

Equities markets in Europe were up on Wednesday on a report from the Institute of Supply Management which showed that manufacturing activity in the United States was up in March, raising hopes that the economy might be beginning to pull itself out of its slump. The ISM said that while US manufacturing activity remained in contraction in March, it was up ...




March 31, 2009

LLOY adds 9.1 percent to lead banks higher

by Elaine Frei

LLOY adds 9.1 percent to lead banks higher

With miners and banks higher, European equities markets saw gains Tuesday, making back part of Monday’s declines. In London, the FTSE 100 added 4.34 percent to 3,926.14 while the FTSE 250 was up 2.4 percent to 6,373.89. Banks were led higher by Lloyds Banking Group (LSE: LLOY) with a gain of 9.1 percent, while the only bank to decline was Barclays ...




March 30, 2009

LII leads 100 lower on downgrades

by Elaine Frei

LII leads 100 lower on downgrades

Global stock exchanges were substantially lower Monday as investors worried about more problems for banks and after US President Barack Obama said that General Motors (NYSE: GM) isn’t doing enough to help themselves to justify more help from the US government. The FTSE 100 was 3.49 percent lower to 3,762.91 in London, while the FTSE 250 dropped 2 percent to 6,224.28. Losers on ...




March 26, 2009

Retailers KFG, NXT see declines on results

by Elaine Frei

Retailers KFG, NXT see declines on results

European equities markets were mixed Thursday, as London markets, Frankfurt’s Dax and the IBEX in Madrid up while the Eurofirst 300 and the CAC-40 were slightly lower on the session. In London, the FTSE 100 added 0.64 percent to 3,925.2 while the FTSE 250 gained 0.17 percent to 6,382.14. Retailers were lower on a report that UK retail sales dropped 1.9 percent ...




March 25, 2009

SMN drops most on 100

by Elaine Frei

SMN drops most on 100

Most European equities markets were higher Wednesday, but London’s FTSE 100 and FTSE 250 both saw declines on the session. The 100 was down 0.29 percent to 3,900.25 while the 250 dropped 0.51 percent to 6,371.11. Engineering company Smiths Group (LSE: SMN) turned in the worst performance on the 100 as it dropped 14.36 percent, while Hochschild Mining dropped 9.78 percent on the 250 ...




March 24, 2009

Miner ANTO leads 100 lower

by Elaine Frei

Miner ANTO leads 100 lower

Most European equities markets saw gains on Tuesday, but London markets were mixed on the session. The FTSE 250 added 0.19 percent to 6,403.55 but the FTSE 100 dropped 1.05 percent to 3,911.46. The five biggest losers on the 100 came from the mining and banking sectors, with miner Antofagasta (LSE: ANTO) turning in the worst performance of the session with a decline of ...




March 23, 2009

SGRO leads FTSE 250 higher

by Elaine Frei

SGRO leads FTSE 250 higher

European equities markets were higher Monday on gains in banks and other members of the financial sector after the United States detailed plans for a public/private effort, the Public-Private Investment Program, to buy up troubled assets from banks. In London, the FTSE 100 added 2.86 percent to 3,952.81 while the FTSE 250 gained 1.89 percent to 6,391.21. Real estate investment trust SEGRO (LSE: SGRO) ...




March 19, 2009

LGEN, PRU, AV up amid losses for insurers

by Elaine Frei

LGEN, PRU, AV up amid losses for insurers

European equities markets were higher Thursday after the US Federal Reserve said Wednesday that it will buy Treasury bonds, sending banks and commodities shares up on renewed optimism that the economy will recover soon. The FTSE 100 added 0.31 percent to 3,816.93 in London, while the FTSE 250 gained 1.13 percent to 6,261.62. Most insurers were lower on the session, but ...




March 18, 2009

RIO in worst performance on 100

by Elaine Frei

RIO in worst performance on 100

Most European equities markets were lower Wednesday as miners declined on falling metals prices. In London the FTSE 100 fell 1.35 percent to 3,8043.99 while the FTSE 250 dropped 0.32 percenet to 6,191.7. Rio Tinto (LSE: RIO; ASX: RIO; NYSE: RTP) had the worst day on the 100 as it dropped 6.75 percent and Randgold Resources (LSE: RRS; NAS: GOLD) was down ...




March 16, 2009

BARC leads London banks higher

by Elaine Frei

BARC leads London banks higher

Equities markets were higher in Europe and most of the Asia-Pacific region on Monday as banks saw gains on optimism after Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) said it has had a strong beginning to 2009, adding to good reports recently from several other banks. The FSTE 100 added 2.94 percent to 3,863.99 in London, while the FTSE 250 gained 1.75 ...