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FTSE 100 benefits from mining boost | FTSE 100 benefits from mining boost |
(about 4 hours later) | |
(Close): The London market gained nearly 1% on Wednesday, with mining shares among the top risers. | |
Shares in miners rebounded as investors looked for bargains following recent falls in the sector. | Shares in miners rebounded as investors looked for bargains following recent falls in the sector. |
Sentiment was also helped by upbeat economic data from China - the world's largest importer of raw materials. | Sentiment was also helped by upbeat economic data from China - the world's largest importer of raw materials. |
Rio Tinto rose 3.9% and BHP Billiton was 3.6% higher. The two firms topped the FTSE 100's risers board, with the index up 65.84 points at 6,752.41. | |
Shares in the London Stock Exchange rose 1.6% after it reported a 16% rise in half-year operating profits to £239.4m. | |
The group's results were boosted by the contribution from the US Frank Russell business, which it bought last year and combined with its own FTSE index business. | The group's results were boosted by the contribution from the US Frank Russell business, which it bought last year and combined with its own FTSE index business. |
Legal & General shares rose 2.8% after the insurer reported an 18% rise in operating profits to £750m in the first half of the year. | |
Ryanair shares were up 1.5% after the company said that in July it became the first airline to carry more than 10 million passengers in a month. | |
Ryanair said it carried 10.1 million customers last month, up 11% from a year earlier. | Ryanair said it carried 10.1 million customers last month, up 11% from a year earlier. |
On the currency markets, the pound rose 0.24% against the dollar to $1.5602, and climbed 0.39% against the euro to €1.4359. |