FTSE tumbles as doubts over Eurozone deal take their toll December 12, 2011 Britain’s FTSE 100 fell in light volume yesterday, with investors selling riskier banking and mining assets as analysts concluded that the lack of detail in a European deal on fiscal union left question marks over its long-term plausibility. London’s blue-chips fell 101.35 points, or 1.8 per cent, to 5,427.86, erasing Friday’s 0.8 per cent rise, [...]
ENRC profits double on production rises March 23, 2011 KAZAKH miner ENRC met forecasts with full-year underlying profit that more than doubled, on record production and demand recovery, and said the global economic outlook was still improving. “We remain positive on the group’s prospects for 2011, although the control of costs growth and the development of our assets in Africa will be important issues [...]
FTSE bounces but travel firms suffer November 22, 2011 Stability in Eurozone bond yields and short-term bargain-hunting gave London stocks some momentum today but investors remained wary after six previous sessions of losses. US markets closed down last night after the bipartisan committee nominated to find $1.2 trillion (£764m) of government spending cuts admitted it could not agree on a plan. Asian markets also [...]
FTSE bounces but travel firms suffer November 22, 2011 Stability in Eurozone bond yields and short-term bargain-hunting gave London stocks some momentum today but investors remained wary after six previous sessions of losses. US markets closed down last night after the bipartisan committee nominated to find $1.2 trillion (£764m) of government spending cuts admitted it could not agree on a plan. Asian markets also [...]
FTSE rises as miners gain and euro hope pushes bank stock October 12, 2011 STRONG miners and banks boosted Britain’s top shares yesterday, keeping the index on an upward tilt, underpinned by progress in tackling the Eurozone sovereign debt crisis and recent upbeat US data. The mood, already elevated by hopes European leaders will unveil new measures to solve the crisis by the month’s end, was further lifted when [...]
Polyus ups size of free float October 20, 2011 POLYUS, the Russian miner planning a share issue in London, is understood to be increasing the size of its free float from 13 per cent to around 20 per cent to help press its case for a premium listing that would allow it to join the FTSE 100. Normally companies need a 25 per cent [...]
It’s time for UK institutions to take more risk November 7, 2011 WOULD-BE investors in UK stocks are in a bad place right now. The long-only funds have too few successes to boast about and the hedge funds are scared of ever-increasing redemptions. As far as the majority of the UK investor base is concerned, IPOs of untested UK companies are distinctly off the menu. Those same [...]
It’s time for UK institutions to take more risk November 7, 2011 WOULD-BE investors in UK stocks are in a bad place right now. The long-only funds have too few successes to boast about and the hedge funds are scared of ever-increasing redemptions. As far as the majority of the UK investor base is concerned, IPOs of untested UK companies are distinctly off the menu. Those same [...]
Don’t lock the world out of London: New rules send the City back to the dark ages December 15, 2011 THERE is a well-used phrase in management, that it is better to make a wrong decision than none at all. The exception must be Mark Makepeace, chief executive of the FTSE Group, who this week ruled all listings in London from next month must have a 25 per cent free float In enforcing this, he [...]
Critics of listing rules in the UK should bear in mind how the system actually works December 12, 2011 MUCH has been written in recent weeks about the question of safeguarding the high standards of London’s listed equity market in the face of a spate of listings of international commodity stocks. Many of these articles assume it is the role of the UK Listing Authority (UKLA) to insist on full compliance with the Corporate [...]