Morning Markets: FTSE boosted by miners

clock

The FTSE 100 was up 0.74%, or 38.31 points, at 5201.99 in early trading, with mining stocks the biggest winners.

Fresnillo, Xstrata, Kazakhmys, Vedanta Resources and Anglo American were all up between 2% and 2.5% following a rise in commodity prices. Troubled oil giant BP was the biggest loser following late gains last week, falling 2.85% to £3.80 a share. Argos-owner Home Retail Group also fell slightly, down 0.60% to £2.32 following a disappointing sales update on Friday. Outside the FTSE 100, insurance firm Resolution asked for its shares to be suspended after it confirmed it was in talks with Axa about buying its UK life assurance businesses for £2.75bn. In the US last week, the Dow Jo...

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 key takeaways from the Spring Statement 2025

Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Sorin Dojan
clock 27 March 2025 • 4 min read
Bank of England halts interest rate cuts amid ongoing inflation

Bank of England halts interest rate cuts amid ongoing inflation

As priced in by markets

Sorin Dojan
clock 20 March 2025 • 2 min read
More work needed to tackle inflation as BoE members warn of further market turmoil

More work needed to tackle inflation as BoE members warn of further market turmoil

BoE MPC members spoke at Treasury Committee hearing

Sorin Dojan
clock 06 March 2025 • 2 min read