FTSE up despite mining slump

clock •

London's leading shares opened fairly high, despite the effect of a weaker mining sector, as bullish banks secured early gains.

The FTSE 100 is up 0.15% to 6421.9 but the biggest loser was Anglo-American, which provides financial services to the mining sector, which dropped 1.27% to £25.69. This was closely followed by communications firm Vodafone Group, which dropped 1% to 149p. The day’s next biggest loser was international brewing firm Scottish & Newcastle, which dropped 1% to 546.5p. However, these losses were stemmed by the Alliance & Leicester bank, which rose 6.29% to £11.33 and the Royal & Sun Alliance Insurance Group, which jumped 2.53% to 172p. Imperial Tobacco Group also made strong gains, rising ...

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

Fahad Hassan: When good news becomes an inflation problem

Fahad Hassan: When good news becomes an inflation problem

'Markets have been adjusting to the risks through valuations all year'

Fahad Hassan
clock 29 September 2026 • 6 min read
Healey promises 'new age of industrialisation' ahead of Budget

Healey promises 'new age of industrialisation' ahead of Budget

Keeps quiet on personal taxation, pensions or savings at Labour’s conference

Isabel Baxter
clock 28 September 2026 • 2 min read
MPs warn policymakers to stop using OBR as scapegoat for tough fiscal decisions

MPs warn policymakers to stop using OBR as scapegoat for tough fiscal decisions

Treasury Committee report

Jack Roach
clock 23 September 2026 • 2 min read