Mining concerns drag FTSE lower

clock

The FTSE 100 is down 45.5 points, or 0.71%, to 6,403.9, as the index is being dragged lower by miners over concerns about demand in China.

Xstrata has slipped 2.22% to £26.81, closely followed by Anglo American which is down 2.18% to £26.46, while Antofagasta has dropped 2.16% to 509.75p, and BAE Systems has fallen 2.26% to 443.25p. However, Amvescap is the biggest loser with a fall of 2.43% to 582p, although losses are being limited by Tesco which is up 0.16% to 458.5p, while Pearson has gained 0.23% to 857p. Drug company GlaxoSmithKline is posting the biggest gains with a rise of 0.62% to £14.68, closely followed by BT Group which is up 0.56% to 312.25p, while Prudential has added 0.27% to 735.5p. In Japan, the Nikke...

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

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

Think tank urges chancellor to avoid 'limping from one forecast to the next'

Linus Uhlig
clock 16 October 2025 • 2 min read
Why higher bond yields aren't causing a Mini-Budget meltdown

Why higher bond yields aren't causing a Mini-Budget meltdown

'One thing we know about Rachel Reeves is she will live or die by her fiscal rules'

Laith Khalaf
clock 07 October 2025 • 5 min read
City 'has lost sympathy with this Labour government' - George Osborne

City 'has lost sympathy with this Labour government' - George Osborne

Former chancellor defends the OBR

Michael Nelson
clock 01 October 2025 • 3 min read