Markets
London - The FTSE 100 is currently 37.69 points higher at 4,357.04. Hammerson is the top performer, up 3.3%, rebounding from yesterday’s slide of 5.5% following concerns over the health of their tenants in the retail sector. Oil producer’s gain following the rise in oil prices, BP adds 1.5% while Royal Dutch gains 1.75%. Rolls-Royce climbs 1.3% after winning a contract from Russia’s Gazprom.

Posted: December 30th, 2008 under Asset Management.
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Markets
London - The FTSE 100 is currently 101.41 points higher at 4,318. BP and Royal Dutch Shell are 5% higher, rising in line with oil prices. Anglo American, BHP Billiton and Rio Tinto gain between 5% and 7%, reflecting the rise in metal prices. Outside of the FTSE 100, Imperial Energy rallies 6% higher after the Financial Times reported that it is approaching the 90% level of acceptances needed for its takeover by ONGC Videsh. Shareholders have until 1pm tomorrow to accept the offer of £12.50 a share.

Posted: December 30th, 2008 under Asset Management.
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Markets
London - The FTSE 100 is currently 35.97 points higher at 4,285.13. Stocks are higher for the first time in three days as investors bought shares in companies which are more resilient to the slump in the economy. BAE Systems leads the risers, up 3.8%, Imperial Tobacco adds 2% while Diageo adds 1.5%. On the downside, Cobham loses 1.1% following a downgrade from Goldman Sachs to neutral.

Posted: December 23rd, 2008 under Asset Management.
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Markets
London - The FTSE 100 is currently 30.21 points lower at 4,256.72. Mining companies are lower on continued concerns that the global recession will curb earnings. Rio Tinto loses 2.4% after UBS cut its earnings estimate and the company halted production at an iron plant. Rival BHP Billiton is off 3%.

Posted: December 22nd, 2008 under Asset Management.
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Markets
London - The FTSE 100 is currently 52.49 points lower at 4,278.17. Oil producers are unsurprisingly among the top fallers, Royal Dutch Shell is off 2.5% and BP is down 2.1%. Anglo American and Rio Tinto are off 4.9% and 2.5% respectively after copper fell below its daily limit in Shanghai after a rise in global inventories indicated demand is weakening. On the upside, Carnival is 2.5% higher after reporting results yesterday that beat quarterly estimates and on hopes that lower oil prices will reduce costs.

Posted: December 19th, 2008 under Asset Management.
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