Miners bore into early FTSE

clock

London is struggling this morning as falling metal prices cause miners to drill into the FTSE 100, with the index currently 30.9 points down, or 0.51%, to 6071.3.

It’s the blue chips doing the damage; with Xstrata currently the main culprit, down 62 points, or 2.19%, to 2770. Antofagasta is falling even as it announced an 8% first-half profit increase and a 5% sales gain, down 14.5 points, or 2.12%, to 669. Anglo American is not doing too much better this morning, 54 points down, or 1.99%, to 2666. Whitbread is having a good start to the day, after posting a strong result in the 14 weeks to 16 August. Its total sales increased 11.3% and like for like sales were up 6.6%, driving its share price 32 points higher, or 2.05%, to 1590. In New Y...

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 Economics / Markets

Partner Insight: Tariffs are here to stay. What's next for investors?

Partner Insight: Tariffs are here to stay. What's next for investors?

The current outlook for US tariffs is complex and their full impact on growth remains to be seen. Columbia Threadneedle Investments explores what advisers need to know, key events to keep top of mind and how to navigate the uncertainty.

Columbia Threadneedle Investments
clock 23 October 2025 • 5 min read
IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

Think tank urges chancellor to avoid 'limping from one forecast to the next'

Linus Uhlig
clock 16 October 2025 • 2 min read
Why higher bond yields aren't causing a Mini-Budget meltdown

Why higher bond yields aren't causing a Mini-Budget meltdown

'One thing we know about Rachel Reeves is she will live or die by her fiscal rules'

Laith Khalaf
clock 07 October 2025 • 5 min read