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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
Published July 23, 2021
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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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