Mining and finance rallies boost FTSE

clock

In London, shares made a major recovery after the Bank of England announced lower than expected inflation figures, and the FTSE 100 added 181.9 points (3.19%) to 5,889.6.

ICAP made some major gains, up 47 points (7.16%) to 703p, while mining firm Vedanta added 128 points (6.76%) to £20.22 after a worldwide rally in mining shares. Admiral Group was the only share to fall on Tuesday, down 10.5 points (1.12%) to 924p. On Wall Street, markets climbed rapidly as Warren Buffet announced plans to take over the liabilities of struggling bond insurers, and the Dow Jones was up 194.28 points (1.59%) to 12,434.29. Boeing saw the biggest gains, adding 3.35 (4.13%) to 84.48, closely followed by AIG, which recovered some of the ground it lost yesterday, up 1.82 (4.0...

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