Markets

UK’s FTSE 100 rises at open on mining, energy boost

Published Updated
By

Mining and energy stocks lifted UK’s FTSE 100 at the open on Thursday, with global miner Anglo American topping the index after reporting a jump in first-half copper production.

By 0708 GMT, the blue-chip FTSE 100 gained 0.2%, while the more domestically focussed FTSE 250 midcap index fell 0.1%.

Industrial metal miners gained 1.9% as prices of most base metals rose.

Anglo American added 3.2% after the global miner said its first-half copper production surged 42%.

Heavyweight energy stocks added 0.8% as crude prices edged higher.

A weakening pound continued to support gains on the exporter-heavy FTSE 100 a day after data showed domestic inflation easing more than anticipated.

UK’s FTSE 100 falls as weak China data hits commodity stocks

IG Group added 3.2% after the online trading platform raised its dividend and said it would buy back shares after it recorded total revenues of one billion pounds ($1.29 billion) for the first time in its history.