Miners build up FTSE

clock

The FTSE 100 Index has advanced 27.2, or 0.5%, to 5,716.50 this morning, led by Rio Tinto and BHP Billiton, after Goldman Sachs raised its earnings forecasts for the miners.

Rio Tinto has climbed 60p, or 2.28%, to 2,694p as Goldman lifted its recommendation on the stock to "outperform" from "in-line", while BHP Billiton has added 10p, or 1%, to 976p, and Anglo American has gained 17p, or 0.9% to 1,966p. Barclays Plc has also risen 6p, or 1%, to 625p after the bank's share estimate was raised 11% to 720p at Morgan Stanley, while HBOS has added 11p, or 1.2%, to 971p after Morgan Stanley increased its price estimate for the stock by 9% to 1,090p. In Japan, the Nikkei 225 Stock Average closed 239.24, or 1.5%, higher to 16,363.59 after falling 0.7%. Japanese s...

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

FIF25: House of Lords member calls for stronger international economic cooperation

FIF25: House of Lords member calls for stronger international economic cooperation

Economics often a driver of geopolitical instability

Sorin Dojan
clock 04 June 2025 • 2 min read
Woodford sets date for portfolio platform launch

Woodford sets date for portfolio platform launch

W4.0 will launch on Friday 6 June

Cristian Angeloni
clock 03 June 2025 • 1 min read
FCA seeks feedback on stablecoin and crypto policy proposals

FCA seeks feedback on stablecoin and crypto policy proposals

Feedback deadline set at 31 July

Patrick Brusnahan
clock 29 May 2025 • 1 min read