Mining stocks help FTSE recover

clock

The FTSE 100 responded to a poor afternoon's showing yesterday to climb 71.3p, or 1.25%, to 5,795.4 in early trading.

The London Stock Exchange Group, up 77p to £17.59, and British Airways, up 12.5p to 303.75p, both made early gains, but mining firm Kazakhmys leads the table, climbing 57p, or 4.8%, to £12.45. GlaxoSmithKline, Kingfisher and Yell Group all suffered losses in early trading, with Glaxo slipping 33p, or 3.06%, to £10.45 per share. In the US, the Dow Jones recovered from an early setback to end the day in the black, climbing 46.9 points, or 0.38%, to 12,247. JPMorgan Chase, up 1.39 points to 45.11, topped the winner’s table, followed by Home Depot, GEN Motors, Walmart Stores and Altria Group...

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 uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •