FTSE sulks over mining stocks

clock

The UK benchmark FTSE 100 index has closed 13 points lower to 4875.4 points this evening, paced by stocks in the mining industry.

Copper mining firm Antofagasta leads the drop, down as much as 53p or 4.5% to £11.02, after prices in the metal fell on concern of a drop in demand at a time of rising supply. Metal producer Corus also shed 1.25p to 43.25p, along with Xstrata, down 24p to 914p. Dixons meanwhile, has advanced 3.75p to 145.25p after the high street retailer announced it does not expect analysts to alter profit estimates, even after a slowdown in UK consumer spending. Land Securities Group has also picked up 33p to £1.352 today. And in the US, the Dow Jones index has fallen around 58 points to 10223.25 po...

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

Neil Woodford to charge up to £70 a month to access portfolio platform

Neil Woodford to charge up to £70 a month to access portfolio platform

W4.0 launches

Cristian Angeloni
clock 06 June 2025 • 2 min read
FIF25: House of Lords member calls for stronger international economic cooperation

FIF25: House of Lords member calls for stronger international economic cooperation

Economics often a driver of geopolitical instability

Sorin Dojan
clock 04 June 2025 • 2 min read
Woodford sets date for portfolio platform launch

Woodford sets date for portfolio platform launch

W4.0 will launch on Friday 6 June

Cristian Angeloni
clock 03 June 2025 • 1 min read