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London closed shy of the 6,000 mark after a late dip in very light volumes with little for either buyers or sellers to get their teeth into. Fresnillo was an exception thanks to another strong day on the metals exchanges as silver hit a new 30-year high. Copper traded above $9,500 per tonne on the
30 Dec 10 16:55Traders are regarding UK shares with all the enthusiasm of someone being offered another round of cold turkey sandwiches, as the lull between Christmas and New Year continues. Fallers outnumber risers by around two to one among Footsie constituents, with miners reflecting the mixed picture. Silver
30 Dec 10 12:23Trading so far seems even quieter than yesterday, with very little news to get the attention of either buyers or sellers. BP is off the pace after it faced more US litigation with an investor lawsuit claiming the oil giant repeatedly lied about its safety record over the past five years. Miners ar
30 Dec 10 09:10Union bosses are plotting mass strikes at around the time of the royal wedding. The most senior figures in the movement are to meet early in the new year at a TUC meeting aimed at delivering co-ordinated mass industrial action in the spring against government cuts. Mark Serwotka, the leader of the
30 Dec 10 08:35It was a quiet the markets on the last full day of trading before Christmas, but the top share index's attempt to inch past the 6,000 point mark proved an exciting spectacle. A final push ensured that symbolically important feat was achieved, but FTSE 100 closed just below that level, last seen in
23 Dec 10 16:37Footsie's assault on 6,000 has run out of steam and the blue-chip index is now barely holding on to gains. Mortgage lending fell to a 20-month low in November new figures from the British Bankers' Association (BBA) show, underlining the weakness the housing market is currently experiencing. Oil pr
23 Dec 10 14:24Domestic economic data has failed to jolt the top share index into life, but a raft of data from the US could trigger a move above 6,000 points later this afternoon. Mortgage lending fell to a 20-month low in November new figures from the British Bankers' Association (BBA) show, underlining the wea
23 Dec 10 12:08Blue chips have had a first stab at hitting the magic 6,000 level following gains in the US overnight and are regrouping after falling just one point short. Insurer Old Mutual is among the early winners, followed by Sainsbury's and Kingfisher, but ARM is giving back a little of yesterday's big gain
23 Dec 10 08:15It was hard going for the leading index Thursday, with gains among some of the more unfashionable blue chip names just about cancelling losses at BP and heavyweight miners. The FTSE 100 struck a new 2½-year intraday high early in the session, but that was as good as it got, and only a sudden improv
16 Dec 10 16:33Footsie is still looking for direction following a mixed start on Wall Street. Oil giant BP is under pressure after news last night that the US government is to sue over the Gulf of Mexico oil spill It filed a civil lawsuit against BP and eight other companies over the Deepwater Horizon oil rig exp
16 Dec 10 14:54Footsie remains below the 5,900 point mark having earlier surpassed that level to hit 2½-year highs, with BP still holding the leading share index back. The oil giant is under pressure after news last night that the US government is to sue BP over the Gulf of Mexico oil spill It filed a civil lawsu
16 Dec 10 12:05Shares are in indecisive mode again this morning though company updates have sparked investor interest. News last night the US government is to sue BP over the Gulf of Mexico oil spill has sent shares in the oil giant lower, though not drastically. It filed a civil lawsuit against BP and eight othe
16 Dec 10 08:31Last night's dip in the US looks like trimming a handful of points off London's leading index first thing Thursday. The FTSE 100 is reckoned to be about 5 points lower in early deals, according to futures prices. BP will be in the spotlight. The company and its partners were handed writs by the US
16 Dec 10 07:39Shares in BP were under pressure Thursday after the US government filed a civil lawsuit against it and eight other companies over the Deepwater Horizon oil rig explosion and the subsequent oil spill in the Gulf of Mexico. The complaint, which has been filed at a District Court in New Orleans, names
16 Dec 10 07:33The United States Government filed a civil lawsuit last night against BP and eight other companies implicated in the Deepwater Horizon oil rig explosion that killed 11 workers and led to America's worst oil spill. The lawsuit would leave the British oil company liable for significant fines under the
16 Dec 10 06:03
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