FTSE gains again as Xstrata price rises

clock

Yet more gains for mining firm Xstrata helped the FTSE 100 to move away from the 4900 mark.

The UK’s benchmark FTSE 100 index climbed 10 points or 0.2% to 4916. and the FTSE All-Share Index added 6.23 points or 0.3% to 2473 after Xstrata climbed 49p or 5.1% to £10.125 on the back of its improved offer for WMC Resources – which could give Xstrata the 4th largest deposit of copper and gold. Household goods manufacturer Unilever also closed the day up 16.25p or 3.2% to 524.25p after analysts upgraded its shares to overweight. At the other end of the scale, however, Exel, the logistics company, closed down 4.7% to 832p as there are rumours the firm could be bought. Vodafone G...

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

Neil Woodford to charge up to £70 a month to access portfolio platform

Neil Woodford to charge up to £70 a month to access portfolio platform

W4.0 launches

Cristian Angeloni
clock 06 June 2025 • 2 min read
FIF25: House of Lords member calls for stronger international economic cooperation

FIF25: House of Lords member calls for stronger international economic cooperation

Economics often a driver of geopolitical instability

Sorin Dojan
clock 04 June 2025 • 2 min read
Woodford sets date for portfolio platform launch

Woodford sets date for portfolio platform launch

W4.0 will launch on Friday 6 June

Cristian Angeloni
clock 03 June 2025 • 1 min read