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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 $1.7bn. | |
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. |