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FTSE 100 edges higher at start of new week | |
(about 4 hours later) | |
(Noon): London's leading shares traded higher on Monday, partly recovering from Friday's losses, but shed some of their initial gains during the morning. | |
By lunchtime, the benchmark FTSE 100 index was up 27.72 points or 0.46% at 6,070.64, having been as much as 1.3% higher at the start. | |
On Friday, the index fell 2.4% after US jobs data fell short of expectations. | |
Mining stocks led the FTSE higher, with Antofagasta up 6.8% and Glencore adding 5.7%. | |
But with US markets closed on Monday for the Labor Day holiday, investors were not expecting any lead from Wall Street later in the day. | But with US markets closed on Monday for the Labor Day holiday, investors were not expecting any lead from Wall Street later in the day. |
AB Foods, which owns low-cost fashion retailer Primark, topped the losers' list, falling 2% despite maintaining its full-year earnings forecast in a statement released on Monday. | |
On the currency markets, the pound rose 0.59% against the dollar to $1.5259 and also gained 0.59% against the euro to €1.3688. |