Once again the miners have bailed out London markets, with the sector's international giants driving the FTSE 100 into positive territory in afternoon trading. The index closed the week 59.90 points (1.05%) ahead to 5784.
Expectations of higher metal prices were the catalyst for strong result, with Antofagasta leading the pack, 6.25% higher to 722.50.
Lonmin and Kazakhmys also performed strongly, up 4.98% to 3100 and 4.97% to 1247 respectively.
Yesterday’s negative trading updates continued to plague Yell Group and Rolls-Royce, down 6.34% to 262 and 4.41% to 412 respectively.
In New York, markets are mixed in early trading – the Dow Jones IA is currently lower despite the tech-strong Nasdaq index jumping out of the blocks.
The Dow is 52.83 points down (0.43%) to 12194.17 so far.
To comment on this story, contact:
0207 034 2681
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected
Achievements, charity work and other happy snippets