Miners take FTSE to new six-year high

clock

The FTSE 100 index rose 24.9 points, or 0.4%, to 6,444 points today - a fresh six-year high - as mining stocks gained on the back of rising metal prices.

Anglo American rose 3.31% to £26.22 ahead of its full year results due on Wednesday, when the miner is expected to provide further details of a share buyback. Vedanta Resources advanced 1.79% to £13.09, Lonmin rose 2.94% to £32.90 and Kazakhmys gained 2.46% to £11.26. Lloyds TSB was little changed, up 0.17% at £6.06, following reports the bank is weighing up the possible sale of its Abbey Life unit. F&C Asset Management rose 2.70% to £1.80 on weekend press chat Aberdeen Asset Management is ready to tie the knot, although some say a deal is unlikely. Aberdeen advanced 1.07% to £2.11 on th...

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 Economics / Markets

More than half of IFAs feel negative about a potential Labour govt

More than half of IFAs feel negative about a potential Labour govt

Advisers favour Conservatives when it comes to their clients and business

Isabel Baxter
clock 09 May 2024 • 2 min read
Elections and advice: Planning in political and legislative uncertainty

Elections and advice: Planning in political and legislative uncertainty

‘It should not be based on speculation, always plan on current legislation’

Isabel Baxter
clock 08 May 2024 • 3 min read
'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read