FTSE up as miners dig deep

clock

The FTSE 100 closed up 14.5 points, or 0.24%, to 5,965.1, as miners dominated trading through the afternoon, keeping the FTSE out of trouble as Hanson gave back much of its earlier gains.

Hanson rallied at the start after the media reported the group is planning to split off its US building materials arm to insulate it from the threat of asbestos litigation, causing it to rose 0.8% to 747p. This news earlier excited traders, as it was believed such a move could attract the attention of the likes of French rival Lafarge, but the shares had eased back a touch by the close of play. Miners enjoyed chunky gains as metal prices improved, with Antofagasta adding 5.14% to 2,065p, Kazakhmys gaining 4.45% to 986p, and Anglo American well ahead with a rise of 2.4% to 2,047p. BHP Bi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Why non-transparent managers are behind most failed acquisitions

Why non-transparent managers are behind most failed acquisitions

‘They don’t understand the importance of culture and cohesion’

Rami Cassis
clock 12 April 2024 • 3 min read
Partner Insight: Understanding the investment universe

Partner Insight: Understanding the investment universe

Invesco
clock 12 April 2024 • 6 min read
FCA issues warning notice to Neil Woodford over liquidity failings

FCA issues warning notice to Neil Woodford over liquidity failings

The firm failed on four accounts between 2018 and 2019

James Baxter-Derrington
clock 11 April 2024 • 2 min read