Resources bolster FTSE gains

clock

Strong resources sector performance has driven the FTSE forward, which closes, up 62.60points (1.15%) to 551120.

The top spot goes to Antofagasta which soared by 6.23% or 33.50p to 571.5p. Oil and gas company Petrofac gained 30.5p or 5.86% to 551p. Global resources firm BHP Billiton is up 5.62% to 1597p, while Xstrata and Ferrexpo gain 5.47% and 5.09% respectively. However, Rolls-Royce Group saw its share price fall, shedding 14.25p (3.54%) to 388.75p. Financials are lagging, with Man Group down 2.92% to 514.5p and Royal Bank of Scotland dipping 2.5% to 224p. HBOs and The London Stock Exchange concluded the five biggest losers of the day. In the States, the Dow Jones is faring less well, dow...

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

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read