Author Archive: Elaine Frei

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BP gains on spill settlement

BP gains on spill settlement

European equities markets were lower Monday after a spokesman for the German government said a quick solution to the Eurozone debt crisis will not emerge from a meeting of European leaders scheduled for 23 October, after a plan for a solution was discussed over the weekend by G20 finance ministers and central bank leaders. No […]

October 17, 2011 More
Man Group, Jupiter Fund Management advance

Man Group, Jupiter Fund Management advance

European equities markets were higher Friday, with gains coming on hopes for a solution to the region’s debt crisis as the G20 finance ministers meet in Paris to discuss the crisis and a rescue plan that could cause holders of Greek bonds to take bigger losses. The gains came despite the third credit rating cut […]

October 14, 2011 More
Rolls-Royce group up on sale

Rolls-Royce group up on sale

European equities markets were lower Thursday after a warning from the European Central Bank, which said that making financial institutions that hold Greek bonds absorb more losses could imperil financial stability in the Eurozone, while markets were also hurt by data that exports from China were up 17.1 percent in September from last year, less […]

October 13, 2011 More
Ferrexpo leads London miners higher

Ferrexpo leads London miners higher

European equities markets were higher Wednesday after both the European Commission President and the European Union’s Economic and Monetary Affairs Commissioner said that banks need to be shored up as part of the answer to solving the Eurozone’s debt crisis, but gains came only after earlier declines on a delay in Slovakia’s approval of a […]

October 12, 2011 More
Retailer Mothercare adds 9 percent

Retailer Mothercare adds 9 percent

Most equities markets in Europe were lower Tuesday as questions remained about whether Slovakia will ratify the newly revised Eurozone bailout fund in a vote scheduled for later in the day. Slovakia is the only Eurozone nation that has not approved the new plan. The FTSE 100 was down 0.06 percent to 5,395.7 in London, […]

October 11, 2011 More
ARM Holdings best on 100

ARM Holdings best on 100

Equities markets in Europe were higher Monday, with gains coming on a promise by Germany’s chancellor and France’s president that they will create a plan to recapitalize banks and find solutions to the region’s debt crisis as they said they will have the plan worked out by a G20 summit scheduled for 3 November. The […]

October 10, 2011 More
RBS down on Moody’s downgrade

RBS down on Moody’s downgrade

European equities markets were higher in mid-afternoon trade Friday, helped by data from the US Labor Department that showed 103,000 jobs added to the US economy, more than expected, while the unemployment rate in the United States held steady at 9.1 percent. The FTSE 100 was up 0.16 percent to 5,299.77 in London at mid-afternoon, […]

October 7, 2011 More
Insurer Prudential adds nearly 12 percent

Insurer Prudential adds nearly 12 percent

European equities markets were higher Thursday after the European Central Bank and Bank of England both held interest rates steady, at 1.5 percent and at 0.5 percent respectively, while the ECB said it will restart covered-bond purchases and again offer year-long loans to banks, while the Bank of England will expand its program of bond […]

October 6, 2011 More
Vedanta, Ferrexpo lead 100, 250

Vedanta, Ferrexpo lead 100, 250

Equities markets in Europe were higher Wednesday on the possibility that Eurozone finance ministers will put in place ways to protect banks from the region’s debt crisis. The FTSE 100 was up 3.19 percent to 5,102.17 in London, while the FTSE 250 added 1.51 percent to 9,567.84. Miners led gains on both the 100 and […]

October 5, 2011 More
Tesco top gainer on 100

Tesco top gainer on 100

European equities markets were lower Tuesday on the possibility that the Greek bailout deal reached in July could be renegotiated, although the contemplated revisions are said to be of a technical nature. The FTSE 100 was down 2.58 percent to 4,944.44 in London, while the FTSE 250 dropped 3.33 percent to 9.425.93. Most retailers were […]

October 4, 2011 More
Home Retail tops gainers on 250

Home Retail tops gainers on 250

European equities markets were lower Monday on continuing concerns that the region’s debt crisis will get worse and spread, with some analysts saying that another recession is on the way. The FTSE 100 was down 1.03 percent to 912.34 in London, while the FTSE 250 dropped 0.7 percent to 9,750.56, with declines coming even though […]

October 3, 2011 More
Fresnillo gains among mostly lower miners

Fresnillo gains among mostly lower miners

European equities markets were lower Friday on further indications that the global economy is slowing as Chinese manufacturing activity remained in contraction, Eurozone inflation was up to 3 percent in August and German retail sales dropped 2.9 percent in August from the previous month in a much larger decline than expected. The FTSE 100 was […]

September 30, 2011 More
Wolseley best performer on 100

Wolseley best performer on 100

European equities markets were mostly higher Thursday on positive date from the United States, including a 1.3 percent gain in the US gross domestic product and a decline in first-time jobless claims last week, while gains were also helped after German lawmakers approved an increased contribution to a European fund to help Eurozone nations caught […]

September 29, 2011 More
Cairn drops, closes another exploration well

Cairn drops, closes another exploration well

European equities markets were lower Wednesday on worries that banks holding Greek bonds will have to take bigger writedowns than they agreed to in a summit this summer, although the European Commission is opposed to increasing the banks’ losses. The FTSE 100 was down 1.44 percent to 5,217.63 and saw just 13 gainers on the […]

September 28, 2011 More
Vedanta, miners lead gains on 100

Vedanta, miners lead gains on 100

European equities markets were higher Tuesday on optimism that leaders in the region will successfully resolve the Eurozone’s debt crisis, while gains were also helped by a report showing that US house prices fell less than expected in July, dropping 4.1 percent from prices in July 2010, against analyst expectations of a 4.4 percent decline. […]

September 27, 2011 More
Barclays leads London banks higher

Barclays leads London banks higher

European equities markets were higher Monday as central banks and governments outside the region asked Eurozone policy makers to continue talks toward a solution to the debt problems there, while there was talk that Europe could put into place a program styled on the US Troubled Asset Relief Program (TARP), with banks higher on the […]

September 26, 2011 More
Exillon Energy drops 20 percent

Exillon Energy drops 20 percent

Most European equities markets were higher Friday, but did not come anywhere near making back declines from earlier in the week, with banks mostly higher even though Moody’s Investors Service cut the credit ratings on eight Greek banks. The FTSE 100 was up 0.5 percent to 5,066.81 in London, but the FTSE 250 was down […]

September 23, 2011 More
Vedanta drops 13 percent on 100

Vedanta drops 13 percent on 100

European equities markets were significantly lower Thursday on a statement from the US Federal Reserve that said there are “significant downside risks” to the growth of the US economy and after Moody’s Investors Service downgraded the credit ratings of three US-based banks, including Bank of America (NYSE: BAC), Citigroup (NYSE: C) and Wells Fargo (NYSE: […]

September 22, 2011 More
Antofagasta leads miners lower

Antofagasta leads miners lower

European equities markets were lower Wednesday as yet another round of talks failed to reach a solution for Greece’s debt crisis. The FTSE 100 was down 1.4 percent to 5,288.41 in London, while the FTSE 250 dropped 0.41 percent to 10,266 as miners and the energy sector were lower as prices for base metals and […]

September 21, 2011 More
Miners up, led by Fresnillo

Miners up, led by Fresnillo

European equities markets were higher Tuesday after Greece characterized talks with the European Union and the International Monetary Fund as “productive” and “substantive”, but only after earlier declines after Standard & Poor’s cut Italy’s credit rating from A+ to A. The FTSE 100 added 1.98 percent to 5,363.71 in London, while the FTSE 250 was […]

September 20, 2011 More