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Markets

FTSE 100 gains as miners jump; Vodafone top boost

  • The blue-chip index gained 0.6%, with miners Rio Tinto, Anglo American, Glencore and BHP Group being among the top boosts
23 Jul 2021

The FTSE 100 index rose on Friday, led by heavyweight miners and insurance stocks, with Vodafone being the top boost after it reported strong earnings.

The blue-chip index gained 0.6%, with miners Rio Tinto, Anglo American, Glencore and BHP Group being among the top boosts.

Mobile operator Vodafone jumped 3.7% after it reported a better-than-expected 3.3% rise in first-quarter service revenue.

The domestically focussed mid-cap index rose 0.8% on strong earnings updates from insurer Beazley, while Ultra Electrnonics jumped after a takeover offer.

FTSE 100 dips

Beazley Plc rose 3.7% after it swung to a profit for the first half of the year from a loss in the year-ago period. Ultra Electronics surged 33% after aerospace manufacturing company Cobham offered to buy the engineering group in a deal valued at about 2.58 billion pounds ($3.55 billion).

Aiding sentiment was a jump in British retail sales in June, which sent shares of retail stocks 0.6% higher.

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