Morning Markets: Chinese data lifts FTSE

clock

The FTSE was up in early morning trading at 5,717.92, rising 38.28 points (0.67%).

Miners performed well as sentiment was supported by a pick up in China's manufacturing sector and stronger metals prices. Vedanta Resources, Randgold Resources and Xstrata all topped the winners' board. Banks also did well with Lloyds topping the leaders' board at 64p, up 1.96%. On the downside, Vodafone shares fell 1.1 points (0.72%) to 150p after the UK telecom regulator announced it wants to cut mobile termination rates. Satellite communications provider Inmarsat was one of the worst performers after hopes faded Harbinger Capital, its largest shareholder, will be able to affo...

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