FTSE climbs 2.5% as miners power ahead

clock

London's leading share index rose almost 150 points, or 2.48%, to reach 6,045 by late morning, buoyed by the commodities sector.

Talvivaara Mining Company and Fresnillo were up 5.46% and 4.86% respectively, while BP and Royal Bank of Scotland also drove the index higher with rises of more than 5% each. Meanwhile, the FTSE All Share was also higher, up 2.2% to 3,130. The strong start builds on last year's gains which saw the index surge 9% to reach pre-Lehman highs by the end of the year. A main driver of returns was the strong performance of miners, which have been key beneficiaries of growth in China. Rio Tinto was up 32% over the last year, while Antofagasta rose 62% and silver miner Fresnillo soared 11...

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

Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read
Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read