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FTSE 100 pulled higher by mining shares Burberry slides as FTSE edges higher
(about 5 hours later)
(Noon): After falling in early trade, the FTSE 100 rebounded with shares in the mining sector pulling it higher. (Close): After falling in early trade, the FTSE 100 ended the day slightly higher, with markets still concerned about developments in Greece.
By midday, the FTSE 100 index was 11.70 points higher at 6,765.45. By close of trading, the benchmark FTSE 100 index was up just 4.43 points at 6,753.75.
Mining shares were among the top gainers on the index. Anglo American rose 2.3% after Credit Suisse upgraded its rating on the company to "outperform". Builders' merchant Travis Perkins was the index's top gainer, up 2.8% thanks to a broker upgrade.
But shares in Burberry fell 2.1% after the fashion house reported a slowdown in revenue growth. But shares in Burberry fell 2.6% after the fashion house reported a slowdown in revenue growth.
Retail revenue in the three months to 30 June rose 8% to £407m, slightly below analysts' expectations.Retail revenue in the three months to 30 June rose 8% to £407m, slightly below analysts' expectations.
In the FTSE 250, shares in Entertainment One - which owns the rights to Peppa Pig - fell by 10% after major investor Marwyn sold a 9% stake in the company. In the FTSE 250, shares in Entertainment One - which owns the rights to Peppa Pig - fell by 9% after major investor Marwyn sold a 9% stake in the company.
On the currency markets, the pound was flat against the dollar at $1.5639 and fell 0.1% against the euro to €1.4187. On the currency markets, the pound was down 0.1% against the dollar at $1.5620, but rose 0.3% against the euro to €1.4248.