Miners give FTSE a boost

clock

The FTSE 100 is up 7 points, or 0.11%, 6,191.8, as lower oil prices and in-favour finance stocks are boosting buyers.

Miner Rio Tinto is posting the biggest gains so far with a rise of 1.68% to £29.06, after it announced it is increasing its buyback programme to $7bn from $4bn for 2006 and 2007. Man Group is also up 1.61% to 489.75p, closely followed by cruise operator Carnival which has climbed 1.48% to £26.03, while Vodafone has added 1.32% to 134.5p and miner Lonmin has gained 1.29% to £29.05. On the downside WPP is the biggest drag on the index with a drop of 3.77% to 663p, closely followed by GlaxoSmithKline which has slipped 2.21% to £14.19, while AstraZeneca has fallen 1.13% to £32.25. In Japa...

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

PA360: Framing of information to investors 'extremely pervasive'

PA360: Framing of information to investors 'extremely pervasive'

Consumer Duty states consumer biases must not be exploited

Jenna Brown
clock 25 April 2024 • 1 min read
Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 19 April 2024 • 2 min read