Miners battle to keep FTSE rising

clock

The FTSE 100 index is up 17.2 points, or 0.29%, to 5,913.8, as a strong mining sector is reacting to better metal prices.

Miners are dominating the rising stocks, with Vedanta Resources up 3.5% to £13.88, while Lonmin has added 2.46% to £27.92 and Antofagasta is enjoying a good run with gains of 1.62% to 438p. However oil majors are in a slight decline as crude oil prices slipped further as the situation in the Middle East improves, with BP slipping 0.41% to 605.5p, while Royal Dutch Shell is down 0.67% to £19.24 as US light crude for delivery in September is currently down $0.59 to $71.30 a barrel. But its not all bad news as falling fuel costs have given cruise operator Carnival a lift with gains of 3.33...

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

Evelyn Partners launches Index MPS range into IFA market

Evelyn Partners launches Index MPS range into IFA market

Five risk-rated portfolios to help cost-conscious investors

Jenna Brown
clock 20 May 2025 • 1 min read
Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

The world is awash in debt. In the US, government borrowing has surged past 100% of GDP, and the fiscal deficit is at a level typically seen in wartime. Other major economies are in similar situations. So, what does this deluge of debt mean for markets?

Orbis Investments
clock 19 May 2025 • 5 min read
Three Invesco funds fail to deliver value to investors

Three Invesco funds fail to deliver value to investors

Manager's annual assessment found some poor performance

clock 14 May 2025 • 2 min read