In London, markets rose in early trading as mining stocks recovered recent losses and the FTSE 100 was up 31.3 points, or 0.48%, to 6,492.7.
Tullow Oil shares were up 31 points, or 4.79%, to 678.5p, closely followed by Alliance & Leicester, which gained 19.5 points, or 2.78%, to 721p. Man Group shares climbed 13.5 points, or 2.41%, to 573p, BHP Billiton gained 40 points, or 2.35%, to £17.40 and Vedanta added 49 points, or 2.33%, to £21.49. Associated British Foods lost 16.5 points, or 1.81%, to 895.5p, Yell Group shares fell 7 points, or 1.64%, to 419.75p and Tesco dropped 6.5 points, or 1.35%, to 473.25p. On Wall Street, shares fell as Citigroup’s CEO announced his resignation and the Dow Jones closed down 51.7 points, or 0....
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