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Mining shares depress FTSE 100 | |
(7 months later) | |
(Close): The FTSE 100 recovered from early losses to close 9 points higher. | (Close): The FTSE 100 recovered from early losses to close 9 points higher. |
Miners were the session's big losers. Randgold Resources tumbled 6%, Fresnillo fell 4.5% and Anglo American closed 2.7% lower. | Miners were the session's big losers. Randgold Resources tumbled 6%, Fresnillo fell 4.5% and Anglo American closed 2.7% lower. |
Wealth management group St James's Place jumped 3.6% after strong results. | Wealth management group St James's Place jumped 3.6% after strong results. |
Despite reporting an increase in second quarter profits, shares in BT Group fell 2% as investors worried it could get drawn into a price war. | Despite reporting an increase in second quarter profits, shares in BT Group fell 2% as investors worried it could get drawn into a price war. |
Second quarter profits rose 13% to £563m, with revenues from BT's consumer business up 7%. | Second quarter profits rose 13% to £563m, with revenues from BT's consumer business up 7%. |
BT has taken on BSkyB by winning rights to Premier League matches, but there are concerns over the impact of increasing competition between the two. | BT has taken on BSkyB by winning rights to Premier League matches, but there are concerns over the impact of increasing competition between the two. |
Barclays rose 0.9% after it reported pre-tax profits of £3.72bn for the first nine months of the year, up from £2.85bn a year earlier. | Barclays rose 0.9% after it reported pre-tax profits of £3.72bn for the first nine months of the year, up from £2.85bn a year earlier. |
The bank has also set aside £500m to cover the potential costs of an investigation into currency trading. Barclays is among several banks being probed over alleged rigging of currency markets. | The bank has also set aside £500m to cover the potential costs of an investigation into currency trading. Barclays is among several banks being probed over alleged rigging of currency markets. |
In the FTSE 250, transport group National Express rose 4.7% after it said pre-tax profits in the third quarter were nearly 15% higher than a year earlier. | In the FTSE 250, transport group National Express rose 4.7% after it said pre-tax profits in the third quarter were nearly 15% higher than a year earlier. |
On the currency markets, the pound recovered from early losses to close a touch higher against the dollar at 1.60250. | On the currency markets, the pound recovered from early losses to close a touch higher against the dollar at 1.60250. |
Against the euro, the pound rose 0.2% to €1.2701. | Against the euro, the pound rose 0.2% to €1.2701. |