London markets are once again relying on the mining sector to keep afloat this morning; the FTSE 100 is currently 10.60 points (0.17%) ahead to 6222.50.
The London Stock Exchange Group is leading the way so far, up 3.58 % to 1071. Three mining giants follow, news BHP Billiton has not given up on Rio Tinto has buoyed the sector, with BHP up 3.56% to 2092. Vedanta Resources is next, up 3.05% to 2497; with Anglo American not too far away, 2.89% ahead to 3452. FirstGroup, the rail and bus firm, is being smacked after announcing it is to make a £260m rights issue – it is currently 7.35% down to 555. Bradford & Bingley’s right issue announcement has stung fellow lenders, with HBOS 3.71% lower to 467 and Alliance & Leicester 2.34% down to 448....
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