The FTSE 100 Index has risen 0.4% to 5706.5 this morning, led by BHP Billiton and Rio Tinto Group after copper futures in Shanghai rose to a record.
BHP Billiton has risen 1.7% to 979.5p, Rio Tinto has gained 0.9% to a record of 2,727p and Kazakhmys, a Kazakh copper producer, has advanced 3.7% to 838.5p. Copper futures in Shanghai have risen to a record on concern that a strike this week in Chile will limit supplies of the metal used in wiring and plumbing. Gas and oil producer BG Group has also increased 0.3% to 596.5p after Morgan Stanley raised the company's share-price forecast 25% to 650p. Meanwhile, BowLeven, which explores for oil and gas offshore Cameroon, has slumped 48% to 156p, a record low. The company says it has suspen...
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