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| FTSE 100 rebounds as mining shares rise | |
| (about 2 hours later) | |
| (Open): The London market opened up more than 1%, recovering some of the ground lost on Thursday. | (Open): The London market opened up more than 1%, recovering some of the ground lost on Thursday. |
| The FTSE 100 rose 70.51 points, or 1.2%, to 6,123.86. On Thursday it had fallen 112 points as investors weighed the possibility of a US interest rate rise as soon as June. | The FTSE 100 rose 70.51 points, or 1.2%, to 6,123.86. On Thursday it had fallen 112 points as investors weighed the possibility of a US interest rate rise as soon as June. |
| Mining shares helped to lift the index, with Anglo American up 3.4%. | Mining shares helped to lift the index, with Anglo American up 3.4%. |
| In the FTSE 250, Ladbrokes jumped 7% on the news it may have to sell stores to clear its merger with Gala Coral. | In the FTSE 250, Ladbrokes jumped 7% on the news it may have to sell stores to clear its merger with Gala Coral. |
| The Competition and Markets Authority said that about 350 to 400 shops may have to be sold "for the merger to be conditionally cleared". | The Competition and Markets Authority said that about 350 to 400 shops may have to be sold "for the merger to be conditionally cleared". |
| On the currency markets, the pound fell 0.25% against the dollar to $1.4575, and dropped 0.5% against the euro to €1.2972. | On the currency markets, the pound fell 0.25% against the dollar to $1.4575, and dropped 0.5% against the euro to €1.2972. |