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Thursday 18th of March 2010

Latest Investment News

The latest news on equities, commodities, and bonds:

February 2, 2010

Eurasian Natural Resources leads 100 on higher metals prices

by Elaine Frei
Eurasian Natural Resources leads 100 on higher metals prices
European equities markets were higher Tuesday. In London, the FTSE 100 was up 0.68 percent to 5,283.31 while the FTSE 250 gained 1.81 percent to 9,480.77. Miner Eurasian Natural Resources (LSE: ENRC) led gains on the 100 as it added 4.6 percent on the session as all miners were higher, including best-in-sector iron-ore miner Ferrexpo (LSE: FXPO), which gained 7.16 ...



February 1, 2010

Northumbrian Water leads London on possible bid

by Elaine Frei
Northumbrian Water leads London on possible bid
European equities markets were higher Monday as banks and miners saw gains. The FTSE 100 added 1.14 percent to 5,247.41 in London, while the FTSE 250 gained 0.81 percent to 8,312.11. Northumbrian Water Group (LSE: NWG) had the best day in London, adding 11.76 percent and leading the 250 on a media report that the Ontario Teachers’ Pension Plan in Canada could ...



January 29, 2010

Gem Diamonds leads gains in London

by Elaine Frei
Gem Diamonds leads gains in London
Equities markets in Europe were higher Friday, ending the week on a positive note. The FTSE 100 added 0.83 percent to 5,188.52 in London, while the FTSE 250 was up 0.26 percent to 9,237.3. Gem Diamonds (LSE: GEMD) led the 250, a mixed mining sector, and all gainers in London as it added 5.86 percent, while over on the 100, Xstrata (LSE: XTA) ...



January 28, 2010

Most miners down, but Ferrexpo manages gain

by Elaine Frei
Most miners down, but Ferrexpo manages gain
Equities markets in Europe were lower Thursday. The FTSE 100 fell 1.37 percent to 5,145.74 in London, while the FTSE 250 dropped 0.34 percent to 9,213.78. Miners were the biggest decliners, with only two gains in the sector, led by iron-ore miner Ferrexpo (LSE: FXPO), which added 2.52 percent, while Xstrata (LSE: XTA) turned in the worst performance in the sector as ...



January 27, 2010

Britvic leads London markets

by Elaine Frei
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European equities markets were lower Wednesday in anticipation of a new decision on US interest rates and ahead of US President Barack Obama’s State of the Union address, which will be delivered before a joint session of Congress Wednesday evening in Washingdon, D.C. The FTSE 100 was 1.13 percent lower to 5,217.47 in London, while the FTSE 250 dropped 0.51 percent to 9,245.25. Soft drinks maker Britvic (LSE: ...



Savvy investors snub financial advisers

by David Masters
Savvy investors snub financial advisers
Two thirds of investors don't bother seeking financial advice before making an investment, according to a new study. In a poll by the Fair Investment Company (FIC), 64% of respondents said they would not seek advice before making a decision about where to invest their money. Just 34% said they would get advice before making an investment. George Ladds, FIC's head of investment and ...



January 26, 2010

Ferrexpo leads miners lower

by Elaine Frei
Ferrexpo leads miners lower
European equities markets saw gains Tuesday despite remaining concerns over monetary policy in China. The FTSE 100 added 0.31 percent to 5,276.85 in London, and while the FTSE 250 was slightly lower, in only dropped 0.2 point to 9,292.92. Miners were hurt by the continuing concerns over the tightening of monetary policy in China on the possibility that the new policies, which include increased reserve ...



NS&I to encourage savers with new account

by Kay Murchie
”NS&I
Government-backed National Savings & Investments (NS&I), which runs Premium Bonds and a variety of savings products, is to launch a new savings account in March with an “attractive” interest rate. The news will be welcomed by savers who have been suffering amid the historically low interest rate environment. The financial crisis led to many British savers withdrawing their funds from banks and ...



January 25, 2010

Legal & General leads gains in mixed insurance sector

by Elaine Frei
Legal & General leads gains in mixed insurances sector
European equities markets were lower to start the week on Monday. The FTSE 100 was 0.8 percent lower to 5,260.31 in London, while the FTSE 250 dropped 0.34 percent to 9,293.12. Insurers were mixed as Legal & General Group (LSE: LGEN) added 3.68 percent to lead the sector and the 100, followed by a gain of 2.07 percent for RSA ...



January 22, 2010

Barclays leads London banks lower

by Elaine Frei
Barclays leads London banks lower
European equities markets were lower Friday as banks declined on a proposal made Thursday by US President Barack Obama which would, if enacted, could limit what kind and how much of a risk banks could take with their money. The FTSE 100 was down 0.6 percent to 5,302.99 in London, while the FTSE 250 fell 0.99 percent to 9,325.22. Most London banks were lower ...



January 21, 2010

RBS, Fresnillo lead declines as banks, miners drop

by Elaine Frei
European equities markets were lower Thursday on declines for banks and miners. The FTSE 100 was 1.58 percent lower to 5,335.1 in London, while the FTSE 250 dropped 0.57 percent to 9,418.07, with the mining and banking sectors providing the nine worst performers on the session. Royal Bank of Scotland (LSE: RBS) dropped 7.05 percent as it had the worst day on the 100 and in London, with ...



January 20, 2010

Hochschild Mining leads miners lower in London

by Elaine Frei
Hochschild Mining leads miners lower in London
European equities markets were lower Wednesday as concerns grew that China’s pullback from stimulus efforts will slow its economy, hurting global recovery from the recession. The FTSE 100 was 1.67 percent lower to 5,420.8 in London, while the FTSE 250 fell 0.87 percent to 9,472.29, with miners the biggest decliners on both indices. The seven biggest declines in London on the session ...



Nationwide increases rates on fixed-rate bonds

by Kay Murchie
Nationwide increases rates on fixed-rate bonds
Nationwide Building Society has increased the rates on a number of its Fixed Rate Bonds and e-Bonds. These include: Three year Fixed Rate Bond and e-Bond paying up to 4.70% gross p.a./AER for balances over £25,000. Two year Fixed Rate Bond and e-Bond paying up to 4.10% gross p.a./AER for balances over £25,000. 18 month Fixed Rate Bond and e-Bond paying up to 3.50% ...



January 19, 2010

Hikma Pharmaceuticals leads sector higher

by Elaine Frei
Hikma Pharmaceuticals leads sector higher
Most European equities markets were higher Tuesday. The FTSE 100 was up 0.34 percent to 5,513.14 in London, but the FTSE 250 was 0.17 percent lower to 9,555.41. There were gains in the pharmaceuticals sector, led by Hikma Pharmaceuticals (LSE: HIK) with a gain of 4.17 percent on the 250, on concerns that the results of a US Senate election to fill the seat ...



January 15, 2010

Barclays leads most London banks lower

by Elaine Frei
Barclays leads most London banks lower
European equities markets were lower to end the week on Friday. The FTSE 100 was 0.78 percent lower to 5,455.37 in London, while the FTSE 250 fell 0.31 percent to 9,538.2. Banks were lower after US bank JPMorgan Chase (NYSE: JPM) reported major losses in the fourth quarter, with Barclays Bank (LSE: BARC) seeing the biggest declines in the London sector, dropping 2.34 ...



January 14, 2010

HMV Group leads retailers lower

by Elaine Frei
HMV Group leads retailers lower
Most equities markets in Europe were higher Thursday. The FTSE 100 added 0.45 percent to 5,498.2 in London, but the FTSE was down 0.02 percent to 9,568.03. Retailers had a hard time of it as most saw declines on the session, led by music retailer HMV Group (LSE: HMV) fell 8.01 percent on the 250 for the worst performance in the sector while over ...



January 13, 2010

Hochschild leads miners lower in London

by Elaine Frei
Hochschild leads miners lower in London
European equities markets were mixed Wednesday. In London, the FTSE 100 was down 0.46 percent to 5,473.48 and the FTSE 250 dropped 0.35 percent to 9,569.52. Miners were lower, led by Hochschild Mining (LSE: HOC), which dropped 4.48 percent on the 250 while Randgold Resources (LSE: RRS) topped losers on the 100 as it fell 2.8 percent. In the energy sector, Royal Dutch Shell’s ...



January 12, 2010

Tesco gains on sales

by Elaine Frei
Tesco gains on sales
European markets were lower Tuesday, hurt by concerns that a new move by China to tighten monetary policy by raising reserve requirements for Chinese banks could slow down economic recovery around the globe. The FTSE 100 was 0.71 percent lower to 5,498.71 in London, while the FTSE 250 fell 1.26 percent to 9,603.47. Retailer Tesco added 0.75 percent after it said its sales in the ...



January 11, 2010

Great Portland Estates leads London real estate sector

by Elaine Frei
Great Portland Estates leads London real estate sector
European equities markets were mixed Monday amid caution ahead of fourth quarter results from US companies, due to begin reporting after the close of trade today. The FTSE 100 added 0.07 percent to 5,538.07 in London, while the FTSE 250 was up 0.39 percent to 9,726.44. The real estate sector was mostly higher, led by Great Portland Estates (LSE: GPOR) with ...



London’s FTSE surges to 16-month high

by Kay Murchie
London’s  FTSE surges to 16-month high
London’s FTSE 100 reached a 16-month high today boosted by strong Chinese export and import figures. The index gained 61.61 points to 5,595.85 just after 9:00am British time today - a level last seen in September 2008. The FTSE hit a low point in March 2009 of 3512 but appears to be making a strong recovery amid positive economic data. In the meantime, ...