This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-41746690

The article has changed 3 times. There is an RSS feed of changes available.

Version 0 Version 1
Lloyds shares fall after quarterly results Copper miner Antofagasta leads FTSE 100 lower
(about 4 hours later)
Shares in Lloyds Banking Group fell more than 1.5% after it reported its latest quarterly results. With a 4.2% fall, shares in copper miner Antofagasta were the biggest losers on the FTSE 100.
Profits jumped to £1.95bn with the company opting not to set aside any further funds to cover the mis-selling of payment protection insurance. Antofagasta controls one of the world's biggest copper mines, Los Pelambres in central Chile.
Among FTSE 100 shares, mining giant Antofagasta was the biggest loser with a 3.6% fall.
Analysts said there was some disappointment about its forecast for copper production in 2018.Analysts said there was some disappointment about its forecast for copper production in 2018.
Overall the FTSE 100 was flat in early trading at 7,522, as traders awaited the latest UK growth figures. Meanwhile shares in Lloyds Banking Group reversed early losses to trade 0.7% higher, following its latest trading update.
On the currency markets, the pound was little changed against the dollar and the euro at $1.3124 and €1.1158. Profits jumped to £1.95bn with the company opting not to set aside any further funds to cover the mis-selling of payment protection insurance.
Overall, by noon, the FTSE 100 was flat at 7,514.
On the currency markets the pound pushed higher after the first estimate of UK growth in the third quarter was slightly higher than expected.
The pound rose by more than a cent against the dollar to trade at $1.3253. It also gained ground on the euro, rising by 0.7% to trade at €1.1245.
Economists are betting that the data will spur the Bank of England to raise interest rates next week.
"The latest GDP figures revealed that the economy re-gained a bit of momentum in the third quarter and have probably sealed the deal on an interest rate hike next week," said Ruth Gregory, UK Economist at Capital Economics.