While most European indices were falling the FTSE 100 made gains of 8.30 points to 4,749.80 despite some afternoon weakness sparked by falling US stocks.
AngloAmerican led with a rise of 25p to 1,298p after notification the company is to be switched from the MSCI UK index to the developed market indices. A separate report suggested Chinese demand for commodities such as iron ore will rocket again next year. Old Mutual gained 1.75p to 130.25p as talks continued to see one of its South African-based units sold to that country’s largest trades union. BAE Systems gained 4p to 247p on reports European governments will commit to a second tranche of Eurofighter aircraft – the Continent’s most expensive defence procurement programme, recently ...
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