FTSE holds firm as resources drop

clock •

Share price losses by mining and oil companies have cut about 2 points off the FTSE 100 this morning, but the index remains above the 4,400 level at 4,403.

Mining stocks are looking to lead the index down as coal prices have fallen in South Africa. AngloAmerican is down 20p to 1,264p, BHP Billiton is down 8.25p to 528.75p, and Rio Tinto is down 20p to 1,400p. BP is down 5.5p to 483.25p after news exports from Iraq may be picking up as the spot oil price recedes further from record highs. Shell is down 3p to 398.75p. British American Tobacco is down 5.5p to 818.5p after taking the Turkish government to court over tax levels it says discriminate against foreign brands. Land Securities leads the gainers with a 29p gain to 1,157p af...

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 Investment

Baillie Gifford workforce faces 10% reduction following voluntary exit programme

Baillie Gifford workforce faces 10% reduction following voluntary exit programme

Around 160 roles vacated

clock 23 September 2026 • 1 min read
Nine SJP funds flagged for underperformance in AoV despite improvements on last year

Nine SJP funds flagged for underperformance in AoV despite improvements on last year

89% of assets given green light

Alex Sebastian
clock 22 September 2026 • 2 min read
The human advantage in an AI-powered asset management industry

The human advantage in an AI-powered asset management industry

'AI should be used to enhance, not replace, human engagement'

Apiramy Jeyarajah
clock 22 September 2026 • 5 min read