Miner BHP Billiton led the FTSE up 9 points to 6,355 in morning trading, as the Anglo-Australian giant announced massive profit rises and a $10bn share buyback programme.
Shares in the company gained 43.5p to £10.29 after it reported a 22% rise in sales, with profits up 41% to more than $6bn. Much of the gains came from rising sales in China, which it sees continuing through this year, coupled with still relatively high commodities prices. British Airways is up 21.5p to 570p as competitor Ryanair ran into trouble over leaked documents suggesting it is arguing with its own pilots over levels of safety. Standard Life is leading insurers with a gain of 3.25p to 307.75p. BP is up 5p to 540p. Property companies continue to gain. British Land is up 12p to ...
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