May 2011 Archive

London open: Miners and banks head a strong start

The Footsie has started strongly, rising over 1% as the index climbs above the 5,900 level. The miners are in demand, with Lonmin, Rio Tinto, Xstrata and Kazakhmys heading higher. The latter ...

London close: FTSE 100 edges higher again

The FTSE 100's hesitant performance since Monday's dive has continued, with the top share index closing just a few points higher. Among the risers was Man Group whose adjusted profit before ...

London open: Stocks move higher

Shares have edged higher following an improvement on Wall Street after London closed yesterday. Among the risers is Man Group whose adjusted profit before tax rose to $599m in the year ...

FX round-up: Euro briefly pushes past $1.41

The dollar ran out of steam against major currencies on Wednesday while the euro managed to break a key technical level. The dollar index, which measures the US dollar against ...

London close: Higher finish after late recovery

A late fightback sent the top share index into the blue ahead of trading's after an uncertain day's trading. There was little in the way of company news to move FTSE ...

Mortgage approvals plummet in April

Mortgage approvals by high street banks fell 18% in April compared to the year before, according to new figures from the British Bankers Association (BBA). Total mortgage approvals in the month ...

GDP estimate left unchanged

Those hoping first quarter GDP would be revised up have been disappointed after the Office for National Statistics (ONS) left its estimate unchanged at 0.5%. The figures showed a 0.6% ...

London open: Footsie slips 0.46% early on

The Footsie has slipped into the red in early trading heading towards the 5,800 mark, offsetting the gains made yesterday. Fashion retailer Next and B&Q owner Kingfisher are among the worst ...

FX round-up: Euro firms on growth hopes

The dollar lost headway against major currencies on Tuesday while upbeat German data gave the euro a boost. The greenback turned lower against the euro after the Ifo institute's business climate ...

London close: Modest gains for FTSE 100

Stocks finished in the blue although off earlier highs and the gains were modest against yesterday's losses. In company news, high street stalwart Marks & Spencer eased even after it ...

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