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-33592298
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| FTSE 100 rises but shares in gold miners hit | FTSE 100 rises but shares in gold miners hit |
| (35 minutes later) | |
| (Open): The London stock market opened higher but shares in gold miners were hit after the gold price fell to a five-year low. | (Open): The London stock market opened higher but shares in gold miners were hit after the gold price fell to a five-year low. |
| UK-listed gold miners Fresnillo and Randgold fell, with shares in both firms down 2%. | UK-listed gold miners Fresnillo and Randgold fell, with shares in both firms down 2%. |
| Despite this, the FTSE 100 index rose 15.96 points to 6,791.04. | Despite this, the FTSE 100 index rose 15.96 points to 6,791.04. |
| In the FTSE 250, Aveva jumped 30% after it agreed to a deal with France's Schneider Electric to create "a global leader in industrial software". | In the FTSE 250, Aveva jumped 30% after it agreed to a deal with France's Schneider Electric to create "a global leader in industrial software". |
| Schneider is merging its software unit with Aveva in a reverse takeover. | Schneider is merging its software unit with Aveva in a reverse takeover. |
| Shares in Standard Chartered rose 1.3% after the bank announced a new management structure. | |
| Under the new arrangement, the heads of the bank's main business units - its investment bank, commercial and private bank, and retail bank - will report directly to chief executive Bill Winters. | |
| HSBC was up 1% after the bank's shares were upgraded by Citigroup to "buy" from "neutral". | |
| On the currency markets, the pound was flat against the dollar at $1.5611 and slipped 0.15% against the euro to €1.4389. | On the currency markets, the pound was flat against the dollar at $1.5611 and slipped 0.15% against the euro to €1.4389. |
| The pound had hit its highest rate against the euro since 2007 at the end of last week, pushing through the €1.44 level. | The pound had hit its highest rate against the euro since 2007 at the end of last week, pushing through the €1.44 level. |