Mining rally fuels FTSE

  • Fri 14 Sep 2018 16:41

    The FTSE 100 enjoyed a robust performance as rising miners boosted the index amid potential new trade talks before the US and China.

    Anglo American added 2.3% to £15.45 and Evraz rose 1.8% to 483.7p.

    At the close, the FTSE was up 0.3% at 7,304.

    Brent crude oil was broadly unmoved at $78.11 per barrel.

    Wall Street was mostly subdued with the Dow Jones leading the way, gaining 0.2% to 26,196 at around 4:45pm UK time.

    MID AND LARGE CAP RISERS AND FALLERS

    At budget-friendly pub chain JD Wetherspoon, annual sales and operating profit hit the lower end of analysts' forecasts after being impacted by the prolonged summer heatwave and World Cup - factors which are less favourable for the company than its rivals. The stock retreated 1.3% to £12.63.

    Fund manager Investec announced plans to hive off and separately lists its asset management unit IAM, helping the shares rally 8.3% to 525.2p. The company also reported operating profit in the six months to September will be ahead of the prior year.

    Potash miner Sirius Minerals amended its royalty deal with Hancock Prospecting, pushing the shares 1.7% higher to 27.5p.

    SMALL CAP RISERS AND FALLERS

    Toys distributor Character, up 6% at 530p, enjoyed a return to a reassuring growth pattern in its second half and is confident it will reach market expectations in the year to August.

    Another profit warning at logistics firm Connect dragged the stock 9.4% lower to 33.5p as trading in the parcel freight market remained difficult.


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Character Group (The) (CCT)

510.00p 0.00p (0.00%) delayed 12:46PM
Price delayed by 15 minutes.

Connect Group (CNCT)

32.65p +0.65p (+2.03%) delayed 13:37PM
Price delayed by 15 minutes.

Investec (INVP)

547.60p -1.60p (-0.29%) delayed 13:38PM
Price delayed by 15 minutes.

Wetherspoon (J D) (JDW)

1,301.50p -15.50p (-1.18%) delayed 13:33PM
Price delayed by 15 minutes.

Sirius Minerals (SXX)

30.28p +0.40p (+1.34%) delayed 13:38PM
Price delayed by 15 minutes.