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

Bank of England warns of future rate uncertainty after vote to hold at 3.75%

Bank of England warns of future rate uncertainty after vote to hold at 3.75%

One vote to hike rates

Michael Nelson
clock 30 April 2026 • 2 min read
Navigating an uncertain environment: Applying a disciplined, data-driven approach

Navigating an uncertain environment: Applying a disciplined, data-driven approach

'​Looking ahead, the fundamental case remains constructive'

Fahad Hassan
clock 28 April 2026 • 2 min read
UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

Motor fuel rose 4.7%

Michael Nelson
clock 22 April 2026 • 2 min read