Xstrata leads FTSE gains

clock •

The FTSE 100 index gained 45.4 points, or almost 0.8%, to 5,974 points today, led by miner Xstrata.

Xstrata gained £1.60 or 7.47%% to £23.01 after Inco decided to pull out of the running to buy Canadian miner Falconbridge in order to focus on a merger with Phelps Dodge. Alliance & Leicester recovered from an early fall, ending up 19p or 1.8% at £10.63, after it reported a “satisfactory” set of half year results and said it was on track to achieve its strategic objectives for the year. Prudential was the worst performer, down 3% at 577.5p, after it released interim figures revealing a weaker than expected performance from its UK business. The news led Aviva down 0.4% to 724.5p, wh...

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

Watch Professional Adviser's Working Lunch with Baillie Gifford - Emerging Future: Rethinking the World's Growth Engine

Watch Professional Adviser's Working Lunch with Baillie Gifford - Emerging Future: Rethinking the World's Growth Engine

Catch up on the discussion

Professional Adviser
clock 13 October 2026 • 1 min read
Fifty years after 'Bogle's Folly', what comes next for financial advice?

Fifty years after 'Bogle's Folly', what comes next for financial advice?

'Indexing will continue to grow, but the wrapper through which investors access it will change'

Gillian Hepburn
clock 12 October 2026 • 4 min read
Chris Justham: Why the industry must 'entertain and engage' investors

Chris Justham: Why the industry must 'entertain and engage' investors

‘We can’t just offer them a dry cracker and ask them to chew it down’

Chris Justham
clock 07 October 2026 • 3 min read