FTSE closes confidently above 4,800

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The UK's benchmark FTSE 100 index closed the week 20.5 points higher to 4820.8 points, on the news prices for commodities will increase throughout the year in the mining industry.

BHP Billiton, the world's largest mining company, added 22.50p to 625.50p, on the back of improved prospects for such firms as a result of climbing commodity prices. ITV also enjoyed a good day on continued speculation about a purchase interest from private equity firm Kohlberg Kravis Roberts. The broadcaster is up 3.50p to 115p. Liberty International also increased 25.50p to 965p, after news that Westfield, the world's biggest owner of shopping centres, is interested in buying the property developer. But Cable and Wireless lead the drop, losing 3p to 114.75p. In the US the Dow Jon...

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