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FTSE 100 higher as mining stocks rise FTSE 100 higher as mining stocks rise
(35 minutes later)
The London market rose as trading got under way, with mining stocks among the biggest risers.The London market rose as trading got under way, with mining stocks among the biggest risers.
The benchmark FTSE 100 index rose 37.65 points to 7,015.39. Mining firm Rio Tinto was the biggest riser on the index, up 2.9%, while Anglo American added 2.8%.The benchmark FTSE 100 index rose 37.65 points to 7,015.39. Mining firm Rio Tinto was the biggest riser on the index, up 2.9%, while Anglo American added 2.8%.
Shares in Tesco rose 2.1%, a day after the supermarket said it had resolved its pricing row with supplier Unilever.Shares in Tesco rose 2.1%, a day after the supermarket said it had resolved its pricing row with supplier Unilever.
However, shares in Unilever were down 1.3%.However, shares in Unilever were down 1.3%.
In the FTSE 250, shares in hedge fund Man Group jumped 9% after the company reported a 6% rise in the value of funds under management. It also announced it was buying investment manager Aalto, which currently manages assets worth $1.3bn. In the FTSE 250, shares in hedge fund Man Group jumped 9% after the company reported a 6% rise in the value of funds under management. It also announced it was buying investment manager Aalto, which currently manages assets worth $1.7bn.
On the currency markets, after rising slightly overnight the pound fell back again, but was holding at about the $1.22 level against the dollar. Sterling was little changed against the euro at €1.1079.On the currency markets, after rising slightly overnight the pound fell back again, but was holding at about the $1.22 level against the dollar. Sterling was little changed against the euro at €1.1079.