Climbing commodity prices gives FTSE small gains

clock

In the UK the FTSE 100 Index has added 5.2 points, or 0.1% to 5291.7 at its opening as stocks, including Rio Tinto, rose as commodity prices climbed.

Copper futures jumped to a record in Shanghai as global inventories declined and demand increased in China, the world's biggest user of the metal. Rio Tinto, the third-biggest mining company, rose 3.1% to 2,261p. BHP Billiton, the world's largest mining company, added 1.8%, to 832.5p. Corus, Britain's biggest steelmaker, also added 1.75p, or 3.6%, to 50p. Credit Suisse raised its European steel industry recommendation to "overweight" from "market weight" on expectations that profits will increase. But among the early losers, AstraZeneca, the UK's second-largest drugmaker, fell 67p, o...

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

Woodford IM hits back at FCA's enforcement action including £46m in fines

Woodford IM hits back at FCA's enforcement action including £46m in fines

WIM said it 'strongly disagrees' with the regulator's decision

Cristian Angeloni
clock 05 August 2025 • 3 min read
Regulator bans and fines Neil Woodford and Woodford IM £46m

Regulator bans and fines Neil Woodford and Woodford IM £46m

Woodford has appealed the decision to the Upper Tribunal

Cristian Angeloni
clock 05 August 2025 • 3 min read
Darius McDermott: The line between resilience and risk

Darius McDermott: The line between resilience and risk

'Trump has, for the most part, chickened out'

Darius McDermott
clock 29 July 2025 • 5 min read