Oil giant leads strong FTSE start

clock

The FTSE100 has rebounded from a sluggish opening for miners to sit comfortably in the black this morning, up 41.70 points (0.78%) to 5396.40.

The commodities sector is mixed bag so far, with rising crude costs boosting the oil giants. Royal Dutch Shell leads the way, its A stock is up 2.81% to 1830 and B is 2.46% higher to 1793. Brewer SABMiller has started well, up 2.79% to 1068; while news company Thompson Reuters is 2.73% ahead to 1391. Lower metal prices have hit the mining giants, with Eurasian 1.99% lower to 1035. Compatriots Kazakhmys and Ferrexpo are also in decline, down 1.76% to 1398 and 1.73% to 270.50 respectively. In New York, US stocks closed last week lower on gloomy new economic figures as well as a higher t...

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 holds interest rates at 4% as Budget looms large

Bank of England holds interest rates at 4% as Budget looms large

Five MPC members voted to hold rates

Michael Nelson
clock 06 November 2025 • 3 min read
Partner Insight: Tariffs are here to stay. What's next for investors?

Partner Insight: Tariffs are here to stay. What's next for investors?

The current outlook for US tariffs is complex and their full impact on growth remains to be seen. Columbia Threadneedle Investments explores what advisers need to know, key events to keep top of mind and how to navigate the uncertainty.

Columbia Threadneedle Investments
clock 23 October 2025 • 5 min read
IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

Think tank urges chancellor to avoid 'limping from one forecast to the next'

Linus Uhlig
clock 16 October 2025 • 2 min read