This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-34000349

The article has changed 4 times. There is an RSS feed of changes available.

Version 2 Version 3
FTSE 100 lower despite strong gains for mining shares FTSE 100 falls for eighth day due to global concerns
(about 5 hours later)
(Noon): The UK's benchmark FTSE 100 index remained lower in midday Thursday trading, despite strong gains for key mining shares. (Close): The UK's benchmark FTSE 100 index has fallen for the eighth day in a row as concerns build about slowing global growth.
Anglo American and Fresnillo were 4% higher, Randgold Resources, Antofagasta and Glencore were all 2-3% higher. The index has dropped every day since China devalued its currency last week, landing investors with the longest losing streak since 2011.
Commodities were helped by US central bank meeting minutes that left the timing of the next interest rate move vague. The FTSE 100 index closed down 35.56 points at 6,367.89.
The FTSE 100 index was down 32.26 at 6,371.19 points. The sell-off was reflected across other major stock markets, with the main indexes in Germany and France down 2%.
Global markets overnight were lower, the Chinese authorities intervened again on the stock market to little effect. However, commodity-related stocks were boosted after the dollar fell in the wake of the latest minutes from the US Federal Reserve, which left the timing of any US rate rise vague. Anglo American was one of the top risers, climbing 4.4%.
BAT shares were the biggest faller among the 100 top companies. They went ex-dividend and were 2.3% lower Shares in Kaz Minerals surged by nearly 14%. The company has been boosted by Kazakhstan's decision to allow its currency, the tenge, to devalue. Nearly half of Kaz's cost base is denominated in the tenge.
Kaz Minerals bounced further, up by 10% after Wednesday's 6.50% rise. The company's chief executive said he was "very bullish" on the price of copper, which is currently at six-year lows. This week the central bank of Kazakhstan allowed its currency, the tenge, to devalue this week. In China, the authorities intervened again on the stock market to little effect. Shares on the Shanghai Composite Index fell 3.4%.
On the currency markets, the pound was down 0.3% against the dollar to $1.5632 and dropped 0.63% against the euro to €1.4012. The price of Brent crude oil was down 0.1% at $47.10 a barrel, although US crude recovered from earlier falls to stand 0.9% higher at $41.46.
On the currency markets, the pound was up 0.04% against the dollar to $1.5686 and dropped 0.73% against the euro to €1.3998.