Metal prices make FTSE shine

clock

The FTSE 100 has ended the day up 19.3 points, or 0.29%, to 6,621.4, as miners helped boost the index on increased metal prices and talk of consolidation in the sector.

Xstrata posted the biggest gains with a rise of 4.39% to £29.02, closely followed by Anglo American which climbed 4.25% to £30.39, while Kazakhmys advanced 3.1% to £12.98. Johnson Matthey also added 3.7% to £16.26, while ICAP climbed 3.33% to 534.75p, although gains were limited by drug company GlaxoSmithKline which ended the day down 1.36% to £13.10. Kingfisher was the biggest loser with a fall of 1.78% to 248.25p, closely followed by marks & Spencer Group which slipped 1.69% to 699p, while Tate & Lyle dropped 1.4% to 600.5p, and Vodafone declined 1.25% to 158p. In the US, the Dow ...

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

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

Think tank urges chancellor to avoid 'limping from one forecast to the next'

Linus Uhlig
clock 16 October 2025 • 2 min read
Why higher bond yields aren't causing a Mini-Budget meltdown

Why higher bond yields aren't causing a Mini-Budget meltdown

'One thing we know about Rachel Reeves is she will live or die by her fiscal rules'

Laith Khalaf
clock 07 October 2025 • 5 min read
City 'has lost sympathy with this Labour government' - George Osborne

City 'has lost sympathy with this Labour government' - George Osborne

Former chancellor defends the OBR

Michael Nelson
clock 01 October 2025 • 3 min read