Mining stocks power FTSE upwards

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Mining companies drove the FTSE higher this morning with the index up 0.47% to 6,671 and the FTSE All-Share rising to 3447.25. The news was positive for the FTSE100 which has lost 0.8% this week.

A rise in commodity prices, especially copper in Asia which was at its highest in more than two months, led to strong performers from the miners with BHP Billiton(up 1.9% to 1527) and Anglo American (up 1.9% to 3263) the front runners. Home improvement retailer Kingfisher also climbed after Deutsche Bank AG raised its recommendation on the company's shares. Another notable riser was New Star Asset Management which gained 4.75 pence, or 1.1%, to 456.75 after the fund company said first-half trading is generally buoyant. There was also strong news from the US where a strong day’s tradin...

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