The FTSE 100 has risen 41.6 points, or 0.77%, to 5,465.1 thanks to Antofagasta soaring because of rising copper prices.
Copper for delivery in three months rose $22, or 0.6%, to a record $4,030 a metric ton on the London Metal Exchange, giving Antofagasta, the London-based owner of three copper mines in Chile, a boost of 76p, or 5%, to 1,595p.
BHP Billiton, the world's biggest mining company, climbed 9.5p, or 1.2%, to 835p, while Rio Tinto, the third-largest, added 64p, or 2.82%, to 2,336p.
Meanwhile Kingfisher fell 3.75p, or 1.72%, to 214.75p, after Travis Perkins issued poor sales results which hit the home improvement sector.
In the US, stocks are advancing with the Dow Jones currently up 24.57 points, or 0.23%, to 10,664.67, as oil is holding to a three-month low, easing concerns higher energy costs may erode corporate earnings.
Crude oil for December delivery fell 1.5% to $56.93 a barrel, after yesterday closing at its lowest since July 21.
Kohl's, the low-price department store, has added $1.70 to $50.82, after the company said third- quarter profit has risen to $0.45 a share on higher sales of exclusive women's apparel and accessories.
General Motors, the world's largest carmaker, has also gained $0.50, or 2.1%, to $24.01 for the best performance in the Dow average so far, compared to yesterday when stock dropped 4.6% to a 13-year low after GM quadrupled its second-quarter loss to $1.07bn because it overestimated the value of a unit.
Elsewhere PortalPlayer has surged $2.33, or 11%, to $23.57, as the supplier of components for Apple Computer's iPod digital music players said it expects fourth-quarter profit of as much as $0.50 a share.
Meanwhile, King Pharmaceuticals has fallen $1.74, or 11%, to $14.43, after King's agreement to pay Pain Therapeutics as much as $400m for joint development of oxycodone-based painkillers was quoted by analysts as ”extremely pricey”.IFAonline
Partner Insight: Continuing the Architas education series for clients.
What made financial headlines over the weekend?
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