FTSE gets lift from strong commodity prices

clock

The FTSE 100 has opened in positive territory as higher commodity prices and a strong overnight showing from Wall Street and Asia buoyed investors.

At about 9am, London's leading index had edged up 0.4%, with miners Lonmin, Kazakhmys and Anglo American all advancing by nearly 2% on the back of stronger commodity prices. Crude oil futures settled above $101 a barrel on Wednesday - the first time they had broken the barrier in two weeks. Man Group is also trading well on the back of a healthy set of results which saw profit before tax rise to $599m in the year to 31 March from $560m the previous year. Across the Atlantic, commodity prices nudged the Dow Jones 0.3% higher to finish at 12,394.66. All eyes will now be on US GDP dat...

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 Investment

Pensions tax breaks: Budget 'kite-flying' creating cash management challenge

Pensions tax breaks: Budget 'kite-flying' creating cash management challenge

Savers and advisers dealing with cash management quandary

Kate Toumazi
clock 14 October 2025 • 3 min read
Partner Insight: Finding the right partner for a managed portfolio service

Partner Insight: Finding the right partner for a managed portfolio service

Francis Clark Financial Planning set up a white-label managed portfolio service for their clients, but as the effects of COVID-19 played out and markets stagnated, they realised they needed a change. Managing Director Chris Reah explains how they found the right solution.

Chris Reah, Francis Clark Financial Planning
clock 13 October 2025 • 5 min read
Watch Professional Adviser's Working Lunch with Baillie Gifford - Decumulation Decisions: Resilient Monthly Income for Retirees

Watch Professional Adviser's Working Lunch with Baillie Gifford - Decumulation Decisions: Resilient Monthly Income for Retirees

Catch up on the discussion

Professional Adviser
clock 10 October 2025 • 1 min read