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FTSE up 0.6pct to 5778 on strong US data

News - Tuesday, April 06, 2010

London markets reacted today to positive news from the US as new data from the world's largest economy, released over Easter weekend, pointed towards an emerging recovery. Recovery hopes sent oil prices climbing to nearly $87, the highest since October 2008. The higher oil price boosted UK commodity stocks whilst UK banks were also in favour.

Banks and commodity stocks gives FTSE 1.2 per cent push

News - Thursday, April 01, 2010

In the first session of the second quarter the FTSE 100 jumped up 65.25 points or 1.2 per cent, to close at 5744.89, another 21 month high. Commodity stocks rose substantially with the vast majority of resource stocks and energy stocks rising at least 1 per cent. A Bank of England survey showed optimism towards lending over the next three months and combined with good PMI data to boost banking stocks.

FTSE moving higher by midday

News - Thursday, April 01, 2010

Commodity prices, rising in response to positive manufacturing data from China, pushed oil and mining stocks upwards. By 12:00pm trading was light with the FTSE at 5715, up 0.6 per cent or 35 points. Banks also showed gains as a Bank of England survey pointed to British banks' expectations of increased corporate lending.

ADP Data Sparks Jobs Fears

News - Wednesday, March 31, 2010

British Sky Broadcasting (BSkyB) held on to earlier gains, trading at 600p, up 18p or 3.09%, approaching the close after a ruling from telecoms regulator Ofcom on the pricing of its Sky 1 and 2 sports channels proved less restrictive than anticipated; BSkyB intends to appeal against the ruling all same. BSkyB's progress could not halt the slide of the FTSE 100 index, however and at 4.29 GMT the blue-chip index was down 13.04 points or 0.23% at 5,659.28.

BSkyB Ahead despite Ofcom Ruling

News - Wednesday, March 31, 2010

Trading volumes were thin once again on Wednesday morning and the FTSE 100 index marked time as strength in banking and commodity stocks offset weakness in traditionally defensive stocks. Shortly before midday, the leading share index was up just 2.17 points to 5,675.03, after closing below the 5,700-point mark for the first time in three sessions on Tuesday.

Revised GDP Data Leaves Investors Unimpressed

News - Tuesday, March 30, 2010

The growth of the UK economy in the final quarter of 2009 was unexpectedly upwardly revised from 0.3% to 0.4% by the Office for National Statistics (ONS) on Tuesday, due to higher output from business services, construction and agriculture. Trading on the London Stock Exchange was once again sluggish, however and by the close the FTSE 100 Index was down 38.34 points or 0.7% at 5,672.32.

Weak Banks Offset Strong Miners

News - Tuesday, March 30, 2010

Housing prices in the UK bounced back in March, according to Nationwide, recording a 0.7% rise compared with a 0.8% fall in February. Year-on-year, prices rose 9% compared with the same month last year, taking the cost of the average home to £164,519 from £150,946 a year ago. The news did little to inspire London investors, however and shortly after midday the FTSE 100 index was marginally in the red, down 2.12 points or 0.04% to 5,708.54.

Mining Stocks Lead FTSE Higher

News - Monday, March 29, 2010

Trading was lacklustre on the London Stock Exchange on Monday and was widely expected to continue in similar vein for the rest of the shortened week ahead of the Easter holidays. Banking stocks were generally weak, with part-nationalised lenders Royal Bank of Scotland (RBS), down 0.81p or 1.78% to 44.78p and Lloyds Banking Group, down 0.8p or 1.25% to 63.25p, retreating after their recent rally.

Rio Tinto Sacks Convicted Executives

News - Monday, March 29, 2010

Trading was light on the London Stock Exchange on Monday morning with many investors content to sit on their hands ahead of US non-farm payroll data (a key indicator of economic growth and inflation) due on Friday. Mining and telecommunications stocks did make some headway, however and by 12.35 GMT the FTSE 100 index was up 9.59 points or 0.17% at 5,712.61.

FTSE down 0.4% for the day after strong week

News - Friday, March 26, 2010

Utilities and banks dragged the FTSE down today to finish 24.03 points lower at 5703.02. Official data showed that the economic climate remains tough as business investment fell by 4.3 per cent between Q3 2009 and Q4 2009, a record 22.3 per cent annual drop. HMV, the entertainment retailer, was the highlight of the day gaining 9.5 per cent to finish at 88.3 pence in response to a strategy update.

HMV Strategy Impresses Investors

News - Friday, March 26, 2010

News of the agreement between European Union leaders and the International Monetary Fund (IMF) on a financial rescue plan for Greece failed to allay fears for other fragile European economies on Friday morning. In the absence of any meaningful company news the FTSE 100 index struggled to make headway and by 11.00 GMT was down 21.18 points or 0.37% to 5,706.47.

RBS Reveals Debt Restructuring Plan

News - Thursday, March 25, 2010

Concerns over sovereign debt faded on Thursday afternoon with the news that European Union leaders were close to agreement on a joint eurozone and International Monetary Fund (IMF) rescue plan for Greece. The FTSE index hit a 21-month high for the third day in succession, closing above the 5,700 point mark for the first time since June 2008 at 5,727.65, a gain of 49.77 points.

Next and Thomas Cook Drive FTSE Higher

News - Thursday, March 25, 2010

Budget Speech Leaves FTSE Unchanged

News - Wednesday, March 24, 2010

Chancellor of the Exchequer Alistair Darling delivered his third Budget speech on Wednesday afternoon, but it contained no surprises and the net effect was to leave the FTSE 100 index virtually unchanged on the day, up just 4.25 points or 0.1% at 5,677.88.

Portuguese Debt Puts Pressure on FTSE

News - Wednesday, March 24, 2010

Wednesday, of course, was Budget day in the UK and with Chancellor of the Exchequer Alistair Darling expected to set tougher lending targets for state-owned banks financial stocks were understandably in focus.

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