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| FTSE 100 higher as miners gain | FTSE 100 higher as miners gain |
| (about 4 hours later) | |
| (Noon): London's leading shares edged higher in Monday morning trading, with mining stocks bolstering the City's benchmark index. | |
| By lunchtime, the FTSE 100 was up 5.72 points or 0.08% at 7,064.81. | |
| Fresnillo and Randgold were among the top gainers, adding 1.7% and 1.3%. | |
| Mining firms have benefited from the fall in the pound since the Brexit vote, since they generate most of their revenues abroad. A weaker pound boosts overseas revenues in sterling terms. | Mining firms have benefited from the fall in the pound since the Brexit vote, since they generate most of their revenues abroad. A weaker pound boosts overseas revenues in sterling terms. |
| In early Monday trading, the pound was down another one-tenth of a cent against the dollar at $1.2426, but one-fifth of a cent higher against the euro at €1.1127. | |
| The pound declined in value all last week, with traders nervous about how the UK's talks with the EU over leaving the bloc will progress. | The pound declined in value all last week, with traders nervous about how the UK's talks with the EU over leaving the bloc will progress. |
| Biggest gainer on the FTSE 100 was Rolls-Royce, which added 2.45% on the strength of a broker upgrade. | |
| Firms in the construction sector were the biggest losers, with Travis Perkins, Persimmon and Taylor Wimpey shedding 2.5%, 2.2% and 2.2% respectively. |