FTSE hot on copper prices

clock

In the UK FTSE 100 Index added 39.50 points, or 0.7%, to 5453.10 points, sending the benchmark to a four-year high.

Mining shares such as BHP Billiton led gains after copper prices climbed for the fifth day in six. BHP, the world's largest mining company, increased 30.5p, or 3.5%, to 891p. Copper for delivery in three months on the London Metal Exchange gained 1.5% to $3,780 a metric ton after a decline in global stockpiles renewed concern that demand may exceed supply. Rio Tinto, the world's third-biggest mining company, climbed 97p, or 4.5% to 2,266p. Antofagasta, the owner of three copper mines in Chile, advanced 43p, or 2.9%, to 1,545p. Kingfisher, the world's third-largest home-improvemen...

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

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read