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FTSE 100 Remains Flat Despite Signs of U.S. Recovery

News - Wednesday, May 27, 2009

Strong gains on Wall Street overnight in response to better than expected U.S. consumer confidence data – in fact, the largest monthly jump in consumer confidence since 2003 – were reflected on the London Stock Exchange in early trading on Wednesday.

European Stocks Broadly Flat on Holiday Monday

News - Monday, May 25, 2009

The FTSE 100 index briefly traded lower on Friday afternoon, ahead of the Bank Holiday weekend but at close of business was up 19.82 points or 0.5% on the day at 4,365.29 points. Share prices were buoyed by a recovery on Wall Street, along with positive broker notes and higher metal prices, which led mining stocks higher, offsetting losses by British Airways, which reported a record full-year loss.

Upgrades in Mining Sector Keep FTSE 100 in the Black

News - Saturday, May 23, 2009

The FTSE 100 index recovered on Friday morning, helped by a series of broker upgrades of mining stocks and a rally in the banking sector. U.S. bank Goldman Sachs upgraded Anglo American, Kazakhyms and Vedanta stocks to "buy" from "neutral", foreseeing capacity constraints affecting copper and iron ore production by 2011, but no such problems with nickel and aluminium until 2017.

Weakness in Banking Sector Leads FTSE 100 Lower

News - Thursday, May 21, 2009

The weakness on Wall Street overnight – the Dow Jones Industrial Average fell 29.2 points to 8,474.9 points – was reflected in London on Wednesday morning.

Banking Stocks Keep FTSE 100 in the Black

News - Tuesday, May 19, 2009

The focus was on financial stocks on the London Stock Exchange on Monday morning, as Sir Victor Blank, Chairman of Lloyds Banking Group, confirmed that he will step down before the AGM in 2010.

Barclays Leads Minor FTSE Revival

News - Saturday, May 16, 2009

Share prices in Barclays leapt 8.9% to £15.90 during morning trading on Friday following reports that it may renege on a deal to sell its ETF ("Exchange Traded Fund") business, iShares, to private equity firm CVC Capital Partners, and seek to sell Barclays Global Investors, in its entirety, for a total of £6.5 billion instead.

FTSE 100 Flat Despite Weak Mining Stocks

News - Wednesday, May 13, 2009

London equity markets were broadly flat on Wednesday morning – by noon, the FTSE 100 index was down 19.8 points or 0.5% at 4,405.71 and the mid cap FTSE 250 index down 1.4% at 7,516.8 points – as investors digested a whole raft of results and trading statements from some of the largest companies in the country.

Mining Stocks Lead FTSE 100 Lower

News - Monday, May 11, 2009

The FTSE 100 made a slow start on Monday morning as the mining sector, in particular, was unsettled by Lonmin's $457 million cash call. Lonmin, the third largest producer of platinum in the world, posted a pre-tax loss of $196 million for the six months to the end of March – compared with a profit of $396 million for the same period last year – and scrapped its dividend blaming the weakness in platinum prices for its cash position. Lonmin's share price fell 3.9%, to £15.59, as a result of the announcement.

U.S. Bank Results Give Investors The Jitters

News - Friday, May 08, 2009

The London Stock Exchange started brightly on Thursday morning and by 9.50 a.m. the FTSE 100 was up 67 points at 4,463.

FTSE 100 Steadies Ahead of Federal Reserve Stress Test Results

News - Wednesday, May 06, 2009

After reaching its highest level for four months on Tuesday, the FTSE 100 index struggled to make any further headway as a number of companies went ex-dividend and rumours circulated regarding the results of the so-called "stress tests" performed by the U.S. Federal Reserve on major financial institutions due to be published on Thursday. The Bank of America, for example, is believed to require £34 billion in fresh capital.

FTSE 100 Treads Water Ahead of Long Weekend

News - Friday, May 01, 2009

Trading on the London Stock Exchange was understandably light ahead of the Bank Holiday on Monday and, by noon, the FTSE 100 index was down 22 points or 0.5% at 4,221.60 points.

Financial and Mining Stocks Lead FTSE 100 Higher

News - Thursday, April 30, 2009

London equities recovered slightly in early trading on Wednesday with financial stocks – looking undervalued after losses over the last two sessions – and mining stocks leading the way.

Swine Flu Outbreak Halts FTSE 100 Progress

News - Monday, April 27, 2009

London equities were unable to sustain the strong gains made on Friday – the FTSE 100 rallied 3.4% on Friday to finish up 1.5% on the week –on Monday morning, as news of an outbreak of swine flu in the Americas weighed heavily on travel, hotel and commodity stocks.

Banking and Commodity Stocks Keep FTSE 100 in the Black

News - Friday, April 24, 2009

A late rally on Wall Street on Thursday night augured well for London equities on Friday morning and the FTSE 100 index made a bright start up 33.96 points or 0.9% at 4,052.19 after losing 0.3% on Thursday.

FTSE 100 Broadly Level Ahead of Budget

News - Thursday, April 23, 2009

The main financial news on Wednesday was, of course, the Budget which Chancellor of the Exchequer, Alistair Darling, was expected to use to predict the worst recession since World War II with a contraction of 3% in the British economy this year.

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