Resources revival rallies FTSE

clock

A miner-led surge has driven the FTSE100 ahead in mid-morning trading, up 0.61% to 5519.80.

Resource stocks are dominating for the second straight day, with Eurasian at the top of the pile, up 7.96% to 1098. Antofagasta and Anglo American are also doing well, up 5.81% to 574 and 3.67% to 2881 respectively. A 33% drop in pre-tax profits has not hurt Barclays, 3.66% ahead to 382.50. International Power is lower after it warned on second half profit, down 5.29% to 398.75. A pre tax profit loss has also smacked Friends Provident, down 3.82% to 88.20. In New York, a late fall in oil prices drove Wall Street into the black on Wednesday after more gloomy US mortgage news sent stock...

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 Economics / Markets

Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read
Chancellor Khalaf has a plan to make our economy boom

Chancellor Khalaf has a plan to make our economy boom

'So, Sir Keir, if you're reading, I do genuinely hope Rachel is doing okay. And my number's still the same. So, you know, call me'

Laith Khalaf
clock 25 July 2025 • 5 min read