The FTSE 100 index has ended the day has ended the day up 28.3 points, or 0.45%, to 6,381.8, following better than expected inflation data.
Miners led the gains following reports of a possible bid on US firm Alcoa and increased copper prices, with Antofagasta up 3.35% to 477.5p, while BHP Billiton climbed 2.57% to £10.76, Rio Tinto gained 2.49% to £27.53 and Xstrata added 2.04% to £24.04. GlaxoSmithKline also climbed 2.12% to £14.91, although gains were limited by financials stocks including Man Group which slipped 2.43% to 562p, while Amvescap dropped 2.39% to 613p. Property stocks were the biggest losers with British Land falling 3.57% to £16.19, closely followed by Liberty International which slipped 2.71% to £12.90, whi...
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