Miners drag FTSE down another 2%

clock

The FTSE 100 Index plunged 124.7 points, or 2.2%, to 5,533 points today led by miners and an opening loss in the US.

Kazakhmys fell 8.46% to 958p, Antofagasta fell 7.36% to 1,889p, Xstrata declined 8.70% to 1,764p and Anglo American dropped 6.53% to 1,905p. HBOS and Royal Bank of Scotland also fell, down 0.28% to 895 and 0.53% to 1,684p respectively. Alliance & Leicester bucked the trend, jumping 2.51% to 1,143p on confirmation French group Credit Agricole is mulling a bid for the UK mortgage bank. In the US, the Dow Jones Industrial Average has fallen 67.32 points, or 0.6%, to 11,076.74 points, extending the market's worst two-week slump in more than three years. Alcoa has lost $1 to $30.98, ...

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

Direct engagement and the search for hidden gems

Direct engagement and the search for hidden gems

'What really matters is that investors do not find themselves behind the eight ball'

Gabriel Sacks
clock 27 October 2025 • 4 min read
Pensions tax breaks: Budget 'kite-flying' creating cash management challenge

Pensions tax breaks: Budget 'kite-flying' creating cash management challenge

Savers and advisers dealing with cash management quandary

Kate Toumazi
clock 14 October 2025 • 3 min read
Partner Insight: Finding the right partner for a managed portfolio service

Partner Insight: Finding the right partner for a managed portfolio service

Francis Clark Financial Planning set up a white-label managed portfolio service for their clients, but as the effects of COVID-19 played out and markets stagnated, they realised they needed a change. Managing Director Chris Reah explains how they found the right solution.

Chris Reah, Francis Clark Financial Planning
clock 13 October 2025 • 5 min read