News & Reports

London open: Markets open higher as surge continues

Mon 20th May 13, 08:4

London's benchmark index was trading at levels not seen in over a decade on Monday morning, boosted by record closing prices in the States on Friday on the back of an improved outlook for the global economy.

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Market overview: Stocks start slightly higher

0851: UK stocks have begun the day slightly higher. Bank of England Deputy Governor Paul Tucker is due to speak at 8.00 this morning to the International Association of Restructuring, Insolvency and Bankruptcy in the Netherlands. There are no data releases scheduled for today. FTSE 100 up 11 6,734. 26 minutes ago

James Fisher and Sons wins contract with Dounreay Site Restoration

James Fisher and Sons (JFS) has scored a two-year contract to support Dounreay Site Restoration (DSR) with the world's deepest nuclear clean-up project. 44 minutes ago

Italy still stronger than Spain, says Moody's

Moody's Investors Service still sustains that Rome's stronger public finances are one of the key reasons for maintaining Italy's 'Baa2' sovereign rating one notch above Spain's 'Baa3'. 50 minutes ago

Record Ryanair profit as passenger numbers grow

Discount airline Ryanair revealed record annual profit, despite higher oil costs, as it added new routes and new aircraft. 51 minutes ago

Market overview: FTSE races past 2007 highs

0820: It's proving a strong start to the week with the FTSE racing past 2007 highs of 6,732, boosted by strong US data at the end of last week and led by RBS, which was making headlines this morning after plans to sell the government's stake in the part-nationalised lender came under fire. Leading the way in the opposite direction was ENRC, which has confirmed that the indicative proposal made by a consortium last week had envisaged an offer of 175p per share in cash and 0.231 of an existing Kazakhmys shares for each ENRC share. The FTSE is up 12 points at 6,735. 1 hour ago

Great Portland Estates pre-lets London offices to Bird & Bird

Great Portland Estates (GPE) has pre-let its new development 12/14 New Fetter Lane, London, to law firm Bird & Bird. 1 hour ago

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Disclaimer: This news feed is provided by Digital Look Ltd. BullBearings Ltd do not necessarily share the views expressed within the stories. The stories are for general information purposes only and not a solicitation or personal reccomendation to deal. BullBearings Ltd accepts no liability or responsibility for any of the content contained in the information provided by Digital Look Ltd.

Traders' views

Has the dollar rallied too far, too quickly?

By Ishaq Siddiqi

Despite general US data thus far this week coming in a little softer, the dollar retains a bid tone, as US risk markets keep on posting new highs despite much speculation on whether USD may have rallied a little too far, too quickly.

Today we await CPI numbers and US data including housing, jobless claims and the Philly Fed.)

Will the yen fall again?

By Zoe Fiddes

The depreciation of the Japanese yen has been an ongoing process for many months now, and recent developments have contributed to its continued decline. However, upcoming data might change the direction upwards.

Japan’s currency is once more weakening compared to the US dollar. 

Bad news baked into the mining sector

By Brenda Kelly

Despite the fact that it’s only mid- May, the FTSE100 looks set to record a new high for the 12th consecutive month.

Compared to the likes of the Dow, the Dax and the S&P500, the FTSE being quite heavily weighted with the financial and mining sector has dragged itsheels in re-acquiring a record high level. Perhaps it’s the mining sector that is serving as a drag which since February has seen a total decline of almost 25%.

A bullet-point guide to fine wine investing

By Oliver Haill

The fine wine market is expected to continue its recent resurgence in 2013 and, if you haven’t thought about investing in this asset class before there are increasingly strong reasons for certain types of investor.

Traders and other high-frequency type traders need read no further, this is for long-term investors. It can be traded with spread betting.

Because there is a limited supply of top wine and high demand from around the globe that usually exceeds supply this generally keeps prices up over the long term - but like some illiquid shares, in the short term prices can remain unmoved for a while. But unlike shares, many buyers don't just buy for investment; they happily and rapidly drink up their bottles which reduces the world stocks.

AIM stock to watch: Energetix

By Oliver Haill

Shares in eco-boiler maker Energetix have been given the serious cold shoulder since a recent announcement by the company. Just look at the chart below where the price has fizzled from 35p to below 15p in a fortnight.  

It's not surprising really. When your chief executive resigns and you confess that might need more cash in the future, the market doesn't tend to take a fond view. However, I believe the market has over-reacted on a long-term view, as it generally does, which allows more optimistic investors to take opportunity. 

Energetix is poised to benefit from government energy deregulation and has a shrewd and unusual business model that is not reflected in the shares - this time next year I can see the shares back to where they were in April.   

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