Miners dig FTSE deeper

clock

The FTSE 100 Index fell 28.90 points, or 0.5%, to 5,652 points today, led by miners.

Miners gave up their earlier gains after a report by the International Copper Study Group showed world supply exceeded demand in the first quarter of the year. Anglo American dropped 2.01% to 2,095p, Rio Tinto fell 2.14% to 2,750p and Kazakhmys declined 1.44% to 1,093p. Gallaher fell back 1.39% to 816p after it said trading remains in line with expectations. The news led tobacco rival British American Tobacco down 1.91% to 1,332p. Other defensives also fell back, with United Utilities down 1.44% to 651.50p and Severn Trent down 0.93% to 1,172p. Smith & Nephew fell 1.51% to 408.25p...

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

Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

The world is awash in debt. In the US, government borrowing has surged past 100% of GDP, and the fiscal deficit is at a level typically seen in wartime. Other major economies are in similar situations. So, what does this deluge of debt mean for markets?

Orbis Investments
clock 15 May 2025 • 5 min read
Three Invesco funds fail to deliver value to investors

Three Invesco funds fail to deliver value to investors

Manager's annual assessment found some poor performance

clock 14 May 2025 • 2 min read
Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

'The sector should be flying — but it isn't'

Darius McDermott
clock 08 May 2025 • 5 min read