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DAILY STOCKMARKET REPORT 2 September 2010

Markets
London - The FTSE 100 rallied 141.19 points to 5,366.41, its biggest gain in almost two months, following the upbeat US and Chinese manufacturing data. Rio Tinto Plc and Antofagasta Plc gained more than 6% as copper climbed to four-month high while Fresnillo Plc surged 2.7% as gold gained. In deal news, Cable & Wireless Worldwide surged 7.7%, the biggest gain since March, as investors speculated that AT&T or one its competitors may bid for the British company. AT&T spokesman Niall Hickey said the company doesn’t comment on market speculation while Cable & Wireless spokespeople couldn’t immediately be reached for comment. Furthermore, TUI Travel soared 9.2%, the largest gain in more than five months, after Financial Times Deutschland reported that majority owner TUI AG is deciding whether to acquire the shares that it doesn’t already own.

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Posted: September 2nd, 2010 under Asset Management.
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DAILY STOCKMARKET REPORT 1 September 2010

Markets
London - The FTSE 100 added 23.66 points to close at 5,225.22 yesterday led by miners and ARM Holdings. Fresnillo Plc and Randgold Resources Ltd. jumped more than 2% after the greater than forecast US consumer confidence boosted the sector. ARM Holdings soared 8.6%, the highest close since January 2002 after Intel, the world’s largest chipmaker, agreed to buy Infineon’s wireless unit for about $1.4 billion, gaining a foothold in the mobile-phone business. Analysts at RBS said this news was “neutral to positive” for ARM – a designer of semiconductors used in Apple Inc.’s iPhone. RBS cited Intel’s intention

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Posted: September 1st, 2010 under Asset Management.
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DAILY STOCKMARKET REPORT 31 August 2010

Markets
London - The FTSE 100 rose 45.72 points to 5,201.56 on Friday. Cable & Wireless gained 5.7% to 66.2p, Vodafone Group Plc advanced 2.8% to 153.6p and BT Group Plc rose 2.8% to 134.2p as telecommunication stocks rallied across Europe. A gauge of the industry climbed 2%. BP Plc retreated 1.5% to 379.7p, paring yesterday’s gain. Company executives told U.S. investigators they didn’t know who was in charge of the Deepwater Horizon rig in the Gulf of Mexico or who made key decisions before the vessel exploded in April, killing 11 workers, sinking and spewing millions of barrels of crude oil into the sea.

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Posted: August 31st, 2010 under Asset Management.
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DAILY STOCKMARKET REPORT 25 August 2010

Markets
London - The FTSE 100 dropped 78.89 points yesterday to 5,155.95. Again, hit by the US housing data, losses were broad with miners weighing heavily. Rio Tinto Group and BHP Billiton Plc fell 4.3% and 1.5% respectively as metals prices retreated in London. WPP’s shares retreated 4% to 644.5p after posting first-half net income that missed the £163.5 million average estimate of analysts, even though profit jumped 39% from a year earlier to £150.8 million and sales rose 3.5 percent to 4.44 billion pounds.

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Posted: August 25th, 2010 under Asset Management.
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DAILY STOCKMARKET REPORT 25 August 2010

Markets
London - The FTSE 100 dropped 78.89 points yesterday to 5,155.95. Again, hit by the US housing data, losses were broad with miners weighing heavily. Rio Tinto Group and BHP Billiton Plc fell 4.3% and 1.5% respectively as metals prices retreated in London. WPP’s shares retreated 4% to 644.5p after posting first-half net income that missed the £163.5 million average estimate of analysts, even though profit jumped 39% from a year earlier to £150.8 million and sales rose 3.5 percent to 4.44 billion pounds.

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Posted: August 25th, 2010 under Asset Management.
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