The FTSE 100 Index has gained about 13 points to 4,630 this morning, helped by mining stocks.
Rio Tinto is up 16p to 1,466p. The mining group has recovered after losing as much as 31p earlier in the week on announcing strong third-quarter results with production of iron ore up 6% after starting up a new mine. Xstrata is up 14p to 888p, making good gains for the second consecutive day. The miner closed up 21p yesterday, after competitor BHP Billiton reported increased output to meet demand for commodities from China. Shire Pharmaceuticals Group is down 8.75p to 508.75p. Scottish & Newcastle is down 4p to 402.75p after its good run has been halted. Asian stocks rose, led by ex...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
