The FTSE 100 index is finally making gains for the first time in a week, as a report from the Office of National Statistics suggests the economy has grown faster than expected.
Mining and oil firms are leading gains and the FTSE 100 index is up 16.7 points or 0.3% to 5272.4, pulling back some of the week’s losses which have seen the FTSE fall 0.7% in five days. The economy is said to have expanded 0.5% in the three months through June, according to the ONS. BHP Billiton has seen its share value rise 6p or 0.7% to 822p while rival Rio Tinto has risen 17p or 0.9% to £19.78. Oil giant BP is up 4p or 0.7% to 622 while Royal Dutch Shell has added 12p or 0.7% to £17.74. Corus has also recouped some of its losses earlier in the week as its share price is up 1...
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