The slow rebound on the FTSE 100 index has begun this morning and is led by the mining stocks which last week contributed to the drop in the index.
The FTSE 100 index has rallied 25.8 points or 0.43% to 6084.4 in early trading, led by Xstrata – up 80p or 3.4% to £24.10 – while BHP Billiton has risen 12p or 1.22% to 996.5p and Rio Tinto has added 25p or 0.94% to £26.83. International Power has also climbed 18.75p or 5.3% to 371p as its latest utility posted profits are thought to be better than expected. In contrast, however, British Airways is down 11.25p or 2.26% to 485.25p after yesterday announcing plans to sell its BA Connect division. In Asia earlier today, the markets pulled back from a four-day slump of $2.4trn as Toyota, Nik...
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