The FTSE 100 index has ended the day up 20.5 points, or 0.32%, to 6,417.8, as an increase in metal prices pushed mining stocks higher.
Vedanta Resources posted the biggest gains with a rise of 3.62% to £14.32, closely followed by Rio Tinto which added 2.46% to £31.20, while BHP Billiton climbed 1.9% to £11.81 as copper prices saw a 4% increase.
3I Group also climbed 1.97% to £11.90, while Wolseley advanced 1.84% to £12.74, although gains were limited by brewer Scottish & Newcastle which declined 1.9% to 595p.
However, Sainsbury was the biggest loser with a fall of 4.01% to 538.5p, on news Lord Sainsbury and his family rejected an improved offer for the company from a private equity consortium.
Morrison Supermarkets also declined with a fall of 0.94% to 315.75p, closely followed by SABMiller which slipped 0.8% to £11.15, while drug company AstraZeneca ended the session down 1.12% to £27.35.
In the US, the Dow Jones Industrial Average is down 5.61%, or 0.04%, to 12,563.53, ahead of the quarterly earnings reporting season.
Hewlett-Packard is posting the biggest losses with a fall of 1.62% to $40.67, closely followed by Du Pont which is down 0.99% to $49.19, while General Motors has slipped 0.88% to $31.72.
Heavy equipment maker Caterpillar has dropped 0.76% to $66.83, while AT&T has fallen 0.74% to $39.04, although losses are being limited by Boeing which has added 0.41% to $90.40.
However, Coca-cola is making the biggest gains with a rise of 1.17% to $50.21, closely followed by Exxon Mobil which is up 0.63% to $77.28, while Altria Group has added 0.6% to $70.32, and American Express has advanced 0.53% to $56.66.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7034 2681 or email [email protected]IFAonline
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