FTSE 100 smashes through 6,300 level January 29, 2013 The FTSE 100 nudged back over the 6,300 level this morning – which it smashed through for the first time in almost five years yesterday – as it edged up around 0.15 per cent. Steelmaker Evraz was the biggest blue chip gainer this morning, adding 2.38 per cent. Global miner Anglo American rose two per [...]
FTSE breaks 6,300 mark – as sterling slides to deeper lows January 28, 2013 THE FTSE100 index rose through the 6,300 barrier to a 56-month high during yesterday’s trading, just as sterling dived to a 13-month low against the euro, and a five-month low versus the dollar. The index closed up 9.96 points – 0.2 per cent – at 6,294.4, with more than half of that coming from a [...]
FTSE breaches the 6,300 mark but loses steam January 28, 2013 BRITAIN’S top share index breached the 6,300 level for the first time since May 2008 yesterday, driven by strength in banking and energy stocks, although that heady height failed to hold for the close. Global giant HSBC added the most points to the FTSE 100 index, with its 1.0 per cent advance alone, accounting for [...]
FTSE 100 steadies near highest level since 2008 January 28, 2013 The blue chip index was steady this morning, flatlining near its highest level in four and a half years at the start of a busy week for FTSE 100 earnings news. Buoyant copper prices pushed up Eurasian Natural Resources and Chilean miner Antofagasta, up 1.27 per cent and 0.8 per cent respectively. Russian precious metals [...]
Beijing bidder eyes up Sutton & East Surrey Water auction January 27, 2013 SUTTON & East Surrey Water (SESW) has become the latest bit of British infrastructure to attract bid interest from China. Beijing Water Authority, one of the world’s biggest water companies, has hired HSBC to help it prepare a bid for the utility, according to the Sunday Times. Current owner Icon Infrastructure expects to take final [...]
China factory profits grow January 27, 2013 INDUSTRIAL firms in China enjoyed healthy growth in profits in December, according to official data. Profits climbed 17.3 per cent to hit ¥895.2bn (£91bn), the National Bureau of Statistics revealed. December’s figure meant that Chinese industry made some ¥5.56 trillion in profit over the whole of 2012, up 5.3 per cent on 2011. These profit [...]
FTSE 100 flat after hitting multi-year highs January 25, 2013 The leading share index was flat in this morning’s trading, after the FTSE 100 hit its highest level in almost five years yesterday, giving London its best start to the trading year since 1989. The blue chip index surged past the 6,200 level, closing up just over one per cent at 6,264.91 last night. But [...]
Stocks roar back January 24, 2013 UK STOCK markets turned a corner yesterday after blue chip firms spurred the FTSE to its highest level in nearly five years, giving London its best start to the trading year since 1989. The FTSE 100 list of Britain’s biggest companies surged past the 6,200 mark to its highest level since May 2008, capping off [...]
City Moves for 25 January 2013 | Who’s switching jobs January 24, 2013 Vestra Wealth Management Heinz Schmid has been appointed fixed income strategist in the wealth management firm’s investment team. He joins from Investec, and was previously head of UK fixed income at BNP Paribas. Schmid has also managed HSBC Investment Management’s sterling fixed income team, and held a number of roles at UBS. Centrus Advisors Geoff [...]
New Year rally continues as FTSE surges again and short sellers exit January 24, 2013 BRITAIN’S top share index rallied on yesterday, outperforming its global peers and extending its best start to the year since 1989, boosted by strong global economic data and deal chatter for heavyweight Vodafone. The FTSE 100 surged 62.27 points, or 1.1 per cent, to 6,264.91 points, a level not seen since May 2008, taking its [...]