Morning Markets: FTSE down as miners fall back

clock

Shares fell in London this morning with miners losing ground after high metal prices increased their value earlier this week.

The FTSE100 fell 33.26 points (0.63%) to 5,219.89, with mining companies and financial shares among the biggest losers. Eurasian Natural Resources, Antofagasta and Xstrata all lost ground after making impressive gains earlier this week on the back of high metal prices. Eurasian fell 4.35%, Antofagasta dipped 4.16% and Xstrata shares lost 3.14%. Man Group shares dropped 3.46% to 228.9p, while Lloyds Banking Group lost 3.09% after rising yesterday on the back of Merrill Lynch's upbeat forecast for the UK banking sector. Vodafone was the biggest gainer, up 4.76% to 140.9p after repor...

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

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
Chancellor Khalaf has a plan to make our economy boom

Chancellor Khalaf has a plan to make our economy boom

'So, Sir Keir, if you're reading, I do genuinely hope Rachel is doing okay. And my number's still the same. So, you know, call me'

Laith Khalaf
clock 25 July 2025 • 5 min read