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High metal prices put miners up but BP falls ahead of dividend meeting

News - Monday, June 14, 2010

UK stocks are advancing for the fourth straight session this morning, heavily supported by higher metal prices that have resulted in mining stock heading the FTSE 100 index. But there is no sign of share price growth from BP (LON:BP) this morning as investors wait with caution to hear the outcome of today’s talks of potentially cutting second-quarter dividend to help pay the costs of the US oil spill.

Brit Insurance jumps 25 per cent after rejecting buyout bid

News - Friday, June 11, 2010

Brit Insurance Holdings NV (LON:BRE), which specialises in property and casualty insurance, has soared to the top of the FTSE 250 gainers sheets this morning as the group added 25 per cent to it’s share price by rejecting a reported £785m takeover bid from US group Apollo.

FTSE up as BP rebounds but miners fall on Australian tax confusion

News - Friday, June 11, 2010

The UK’s blue-chip index has opened with the potential for a third successive day of gains, spearheaded by a rebound of BP (LON:BP) stocks which recovered some of the losses made yesterday. The mining sector has dropped some of the gains yesterday as confusion continues to reign over the 40 per cent tax on mining company profits and analysts predict some investor caution following the new Japanese Prime Minister’s announcement that the county’s debts put it at risk of collapse.

ARM Holdings boosted by Apple buy-out rumour resurfacing

News - Thursday, June 10, 2010

British technology company ARM Holdings (LON:ARM) has blasted to the peak of the FTSE 100 risers chart this morning after rumours of a takeover bid from Apple have re-established again after the suggestion of a move from the makers of the iPod last surfaced back in April.

FTSE cancels out late Wednesday surge on bank probe and BP

News - Thursday, June 10, 2010

The UK’s blue-chip index may have rallied to close with gains in the last session, but the growth from Wednesday’s late movement was written-off in early trading this morning after a late sell-off on the US markets, BP plunging into deeper woes, interest rate decisions and a UK probe into investment banks.

Warm weather and World Cup boosts UK retail sector

News - Wednesday, June 09, 2010

The UK retail sector has been given a confidence-inspiring boost by a rebound in sales in May courtesy of the improved weather conditions and in-store sales, according to a survey by the British Retail Consortium (BRC).

Mining stock rebounds on Chinese export growth

News - Wednesday, June 09, 2010

A rebound for mining stock has seen the FTSE 100 open fairly strongly this morning with the UK’s blue-chip index looking to end three consecutive sessions of loss. The sector has been boosted by news from China that exports have jumped 50 per cent in May compared to the numbers for the same period a year ago, relieving investor concerns about weak demand for commodities.

Investors suspend intentions to buy BP shares

News - Tuesday, June 08, 2010

Nordic bank Nordea has confirmed that it has withdrawn around £8.3m worth of BP (LON:BP) stock because the British oil giant has failed to communicate enough information about the oil spill in the Gulf of Mexico. The bank said that it would halt further investment in the under-fire group until further notice.

Pensive movement on FTSE as miners rebound but banks retreat

News - Tuesday, June 08, 2010

The UK’s top share index looks set to have a session of unpredictability today as investors continue to pull out of banking, oil and travel stocks but mining sector shares begin to rebound from losses made in the previous two days of trading.

Upcoming trading updates to present retail mood

News - Monday, June 07, 2010

The state of the UK’s retail sector will become a little clearer this week when three of the major high-street players, WH Smith (LON:SMWH), Home Retail Group (LON:HOME) and Halfords (LON:HFD), all release trading updates.

Refreshed Eurozone debt concerns hit banks and bruises FTSE

News - Monday, June 07, 2010

The FTSE 100 is set to decline for the second successive session today after blue-chip banks were hit by a new wave of Eurozone debt fears sparked by concerns sounding from Hungary on Friday. Disappointing job data from the U.S. did nothing to stabilise the market and metal prices dropped dragging mining stock down, too.

BSkyB shares climb on acquisition of Virgin Media Television

News - Friday, June 04, 2010

The UK’s biggest subscription television provider British Sky Broadcasting Group (LON:BSY) has announced today that it has reached an agreement with Virgin Media (LON:VMED) on the sale of Virgin Media Television, or VMtv, for £160m.

FTSE rally continues with BP heading the charge

News - Friday, June 04, 2010

Under pressure oil giant BP (LON:BP) is heading the rallying blue-chip index in early trading this morning with the group expected to confirm it will be able to manage the costs of the oil spill disaster in the Gulf of Mexico.

Kingfisher hopes for World Cup sales boost after Q1 profit report

News - Thursday, June 03, 2010

Kingfisher (LON:KGF), the parent group of B&Q, has today announced its Q1 profits report headlined by a group retail profit increase of 12 per cent despite total sales remaining flat. The group ‘s Chief Executive said he hoped sales would improve over coming months as the summer weather approaches and England begin its World Cup campaign.

FTSE back to buy mode headed by commodity stocks

News - Thursday, June 03, 2010

The UK’s blue-chip index has made a wide-scale rebound this morning along with indices worldwide after investor confidence was bolstered by reports out of the US that construction spending had leapt by 2.7 per cent in March – the biggest single month increase for ten years. Wall Street reacted positively with the Dow adding 226 points, the Nasdaq jumping 59 points and the S&P500 up 28 points. And global indices, including the FTSE 100, have rallied off the back of the confidence-affirming results to rebound from a few difficult sessions of trading.

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