The FTSE 100 Index has advanced 11.8 points, or 0.2%, to 5863 points this morning, led by Xstrata.
Xstrata, a Swiss mining company in a bidding war for Canada's Falconbridge, has gained 50p, or 2.5%, to 2,074p. Canadian industry minister Maxime Bernier approved the $16.8bn offer, removing the last regulatory hurdle to the transaction. Antofagasta has gained 0.69% to 399.75p and Kazakhmys has advanced 0.26% to 1,174p as copper prices pick up for a third straight day due to concerns over supply disruptions in Chile. Reuters has gained 5.5p, or 1.5%, to 383p after it raised its sales-growth forecast for the full year after acquisitions boosted revenue in the first half. An analyst at S...
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