FTSE struggles to stay above 6,000

clock

The FTSE 100 has closed down 15.7 points at 6,000.80, as mining stocks declined amid speculation this year's gains for Europe's best-performing industry have overstated the potential for profit growth.

BHP Billiton, the world's biggest mining company, sank 1.86% to 1,134p, while Rio Tinto Group, the No. 3, lost 1.18% to 3,092p, as basic resources shares in Europe have soared 26% this year as metals prices reached records. Shares of GUS, the retail and credit-information company that plans to split in two in the next year, fell 3.06% to 1,013p, as sales at Homebase stores open at least a year fell 5%, and GUS said it expects the market to remain slow through much of 2006. Meanwhile, brewers tried their best to cheer the market, with SABMiller leading the way, with gains of 3.97% to 1...

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

What advisers need to know as SpaceX fuels space investing interest

What advisers need to know as SpaceX fuels space investing interest

WisdomTree’s Mobeen Tahir unpacks the space economy theme

Professional Adviser
clock 14 August 2026 • 1 min read
How markets have developed in 2026 so far

How markets have developed in 2026 so far

'Active allocation does not mean constant trading or short-term market calls'

James Flintoft
clock 12 August 2026 • 3 min read
How sustainable funds have beaten the index this year

How sustainable funds have beaten the index this year

'ESG funds benefit from access to some of the livelier parts of the market'

Ian Aylward
clock 10 August 2026 • 3 min read