FTSE shines as metal prices rise

clock

The FTSE 100 has ended the session up 132.5 points, or 2.21%, to 6,133.2 as takeover news and strong metal prices helped the index recover from yesterday's losses.

Imperial Tobacco Group posted the biggest gains with a rise of 8.55% to £22.22, as it finally launched a cash bid for its Franco-Spanish rival Altadis, while hedge fund manager Man Group advanced 6.9% to 526.5p. Miners performed well with Antofagasta climbing 6.14% to 475.5p, closely followed by BHP Billiton which advanced 6.01% to £10.49 as metal prices increased, while Unilever added 5.85% to £14.84. In addition the FTSE 100 ended the day with no losing stocks. In the US the Dow Jones Industrial Average is up 26.68 points, or 0.22%, to 12,160.08, as investors seem to have shrugged...

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

FCA's Rathi addresses Autumn Budget market abuse concerns

FCA's Rathi addresses Autumn Budget market abuse concerns

Pens open letter to Treasury Committee

Isabel Baxter
clock 04 December 2025 • 2 min read
More tax, less shelter: A slow-burn Budget for savers and investors

More tax, less shelter: A slow-burn Budget for savers and investors

'The Budget documents make for sobering reading for those trying to build up their wealth'

Laith Khalaf
clock 04 December 2025 • 3 min read
OBR 'deeply regrets' early release of Budget document

OBR 'deeply regrets' early release of Budget document

Mistaken release of Budget documents forced Richard Hughes' resignation

Linus Uhlig
clock 02 December 2025 • 3 min read