UK stocks are not faring too well this morning as BA has reported lower than expected profits and a falling copper price is affecting mining firms.
The FTSE 100 index is struggling to hold ground and still pretty much flat, having lost 2.7 points to 6,154 in early trading, led by Anglo American, Rio Tinto and British Airways. The copper price dropped to a two-month low thanks to the Shangai copper value, knocking the value of Anglo American by 14p or 0.58% to £24.04 while Rio Tinto is down 15p or 0.51% to £29.22. British Airways- which is now Europe’s third-largest air carrier - has seen its share price 10.75p or 2.3% to 454.25p after reporting its second-quarter net income dropped to £165m because of its sale of BA Connect and as a...
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