Main menu:

• About Openbrief
• News and Information
• Updates by email
• Home

DAILY STOCKMARKET REPORT 12 March 2010

Markets
London - The FTSE 100 fell 23.31 points to close at 5,617.26 yesterday. Heavily weighted mining companies’ dragged stocks lower as base metal prices fell. Home Retail helped to limit declines after forecasting earnings ahead of analysts’ expectations. Thomas Cook was the biggest percentage riser after saying at an investor presentation that it can achieve an operating profit margin of 5.5% to 6% over the next three to five years. This morning the index is 2.86 points higher at 5,620.12.

[click here read more]

Posted: March 12th, 2010 under Asset Management.
Comments: none

DAILY STOCKMARKET REPORT 11 March 2010

Markets
London - UK stocks closed higher on Wednesday, buoyed by strength in commodity stocks, supported by trade data from China, and in banks and insurers as Wall Street opened up strong. The FTSE100 closed 38.27 points higher at 5640.57.

[click here read more]

Posted: March 11th, 2010 under Asset Management.
Comments: none

DAILY STOCKMARKET REPORT 10 March 2010

Markets
London - The FTSE 100 slipped 4.42 points to close at 5,602.30 yesterday. Liberty International pushed property companies lower after reporting net asset value that missed analysts’ estimates. Imperial Tobacco lost 2.5% after UBS lowered its recommendation for the cigarette maker to “sell” from “neutral”, citing a 41 percent rally in the shares over the past 12 months. Antofagasta gained 1.1%, even though it reported a drop in full year net income to $667.7 million. However, the copper producer said it is seeking a mining licence in Pakistan that may rival its largest project following “very good” talks with the head of the provincial government. This morning the blue chip index falls 7.66 points to 5,594.64.

[click here read more]

Posted: March 10th, 2010 under Asset Management.
Comments: none

DAILY STOCKMARKET REPORT 9 March 2010

Markets
London - The FTSE 100 gained 6.96 points to close at 5,606.72 yesterday, a new 18 month high. Better than expected results from Petrofac offset declines among drugmakers with AstraZeneca pressured after its cancer drug failed in trials. This morning the index slips 5.01 points to 5,601.71. Data released overnight showed British house prices grew last month at their slowest pace since August after the amount of new property coming on to the market grew faster than the number of new buyers, the Royal Institution of Chartered Surveyors said. Meanwhile, British retail sales recovered last month from January’s snow-related slide, helped by strong sales of clothing and footwear, a survey by the British Retail Consortium found. Investors will also eye January British trade numbers, due at 0930 GMT.

[click here read more]

Posted: March 9th, 2010 under Asset Management.
Comments: none

DAILY STOCKMARKET REPORT 8 March 2010

Markets
London - The FTSE 100 climbed 72.6 points higher to 5,599.76 on Friday. Investors cheered the jobs data from the US, sending the index its highest level since September 2008. Xstrata led miners higher, advancing 5.6%, while Rio Tinto rose 2.7%. Prudential gained 1.4% after saying 30 additional lenders have agreed to underwrite the $20 billion rights offer to fund its purchase of AIG’s Asian unit. This morning the FTSE has risen 5.28 points to 5,605.04 after French President Nicolas Sarkozy said the euro region is ready to rescue Greece should the government struggle to fund its budget deficit. Petrofac leads the risers’ board after pleasing investors with its full year results. Higher metal prices push miners higher.

[click here read more]

Posted: March 8th, 2010 under Asset Management.
Comments: none

« Previous entries