Resources revival rallies FTSE

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 ...