The FTSE 100 ended the day slightly down with a drop of 0.8 points, or 0.01%, to 6,549.6, as mining stocks pulled back from earlier gains.
Rio Tinto posted the biggest gains with a rise of 10.74% to £36.60, on rumours it could be taken over by BHP Billiton, which also climbed 5.4% to £12.49, while Anglo American advanced 3.87% to £29.29 in sympathy.
Retailers performed well with DSG International adding 5.13% to 176.3p, while Enterprise Inns rose 4.15% to 690p, although gains were limited by Liberty International which dropped 2.69% to £12.30.
Insurer Old Mutual was the biggest loser with a fall of 3.2% to 175.2p, closely followed by Rexam which fell 3.04% to 526p, while Reuters Group slipped 2.86% to 612p, and Prudential declined 2.49% to 782p.
In the US, the Dow Jones Industrial Average is up 3.58 points, or 0.03%, to 13,312.65 in early trading, ahead of eth Federal Reserve’s decision on interest rates expected later this afternoon.
Verizon Communications is posting the biggest gains with a rise of 1.24% to $41.12, closely followed by McDonald’s which is up 1.05% to $49.84, while IBM has added 0.87% to $104.19.
Honeywell International is also up 0.72% to $56.19, while JP Morgan Chase has advanced 0.65% to $52.79, although gains are being limited by Du-Pont which has slipped 0.45% to $51.33.
Alcoa is the biggest loser with a fall of 1.24% to $39.01, closely followed by Disney which is down 1.09% to $36.15, while Exxon Mobil has slipped 0.98% to $80.58, and Hewlett-Packard has dropped 0.47% to $44.80.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7034 2681 or email [email protected]IFAonline
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created