Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Indexes
  3. United Kingdom
  4. Great Britain
  5. FTSE 100
  6. News
  7. Summary
    UKX   GB0001383545

FTSE 100

SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

FTSE rises slightly thanks to mining stocks

05/13/2019 | 08:29am EDT
Traders work at their desks whilst screens show market data at CMC Markets in London

(Reuters) - UK blue-chip stocks rose slightly on Friday, recouping the session's losses as mining stocks gave investors something to cheer about at the end of a largely dismal week that was underpinned by global economic growth concerns.

The FTSE 100 gained 0.1 percent, while the FTSE 250 <.FTMC> was roughly unchanged as the market wrapped up its final full week of trading in 2018.

Wall Street lifted the mood, rising in volatile trade on Friday after heavy losses on the chances of a partial U.S. government shutdown and of further interest rate increases by the Federal Reserve.

That guided a 0.6 percent gain in HSBC, which has a larger international presence, making it the top boost to the FTSE 100.

The blue chip index outperformed its European peers due to its exposure to the mining sector <.FTNMX1770>. Anglo American climbed 2.8 percent, while Rio Tinto, BHP and Antofagasta rose 1.4-1.6 percent on higher copper prices.

UK indices were still on track for their worst quarter since 2011, when Europe was battling a sovereign debt crisis, and their worst year since 2008 amid growing worries about slower global growth, Brexit and rising U.S. borrowing costs.

Vodafone dropped 2 percent and was among the biggest drags on the main index after a tender offer to replace PwC as its auditor.

However, investors developed an appetite for Just Eat as it rose 3 percent after rival Takeaway.com struck a 930-million-euro ($1.07 billion) deal to buy larger rival Delivery Hero activities in Germany.

The British takeaway group was urged to sell assets by a shareholder earlier this week, and analysts have since said that the calls raised the possibility of a takeover or go-private deal.

Royal Mail shares gained 1.5 percent before the firm leaves the blue-chip index as part of the reweightings on Dec. 24.

Nike's better-than-expected results provided temporary respite to the battered retail sector, with JD Sports jumping over 7 percent to be among the top mid-cap gainers.

"Nike results are a little ray of sunshine in the market," said Paul Mumford, a fund manager at Cavendish Asset Management.

Still, surveys showed that British consumers are at their gloomiest in more than five years with business sentiment at its weakest since the 2016 vote to leave the European Union.

"I think the main sentiment is going to come after the New Year when we start having retailers' trading statements coming through," said Mumford.

Elsewhere on the midcaps, RPC Group Plc, Europe's largest plastics packaging firm, erased earlier gains and closed the day with a 0.7 percent dip after it extended the deadline again for Apollo Global Management to make a firm offer to buy the company or walk away.

The deadline has been extended four times and Bain Capital earlier pulled out of the race without giving a reason.

"If I was an RPC shareholder, I would be anticipating the magic of Christmas more positively but as always with magic, there can/might be an element of illusion," said Peel Hunt analysts.

In small-caps, Interserve rose 3.3 percent after the support services group announced a rescue plan involving a debt-for-equity swap in an attempt to avoid a Carillion-style collapse.

The shares, which had rallied as much as 12 percent at the open, have still lost 88 percent year to date, reflecting the problems of the sector.

(Reporting by Muvija M and Shashwat Awasthi in Bengaluru; editing by Josephine Mason and David Stamp)

By Muvija M and Shashwat Awasthi

© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC -3.11% 3190.5 Delayed Quote.31.59%
ANTOFAGASTA PLC -2.48% 1494.5 Delayed Quote.3.75%
BHP GROUP PLC -1.94% 2324 Delayed Quote.20.73%
CENTRICA PLC -2.17% 45.47 Delayed Quote.-2.42%
DELIVERY HERO SE 0.96% 126.2 Delayed Quote.-0.63%
EURO / BRITISH POUND (EUR/GBP) -0.05% 0.85337 Delayed Quote.-4.69%
FTSE 100 -0.65% 7032.3 Delayed Quote.8.85%
FTSE MID 250 INDEX -0.44% 22948.83 Delayed Quote.12.01%
GLENCORE PLC -1.79% 323.55 Delayed Quote.38.86%
HSBC HOLDINGS PLC -0.89% 397.45 Delayed Quote.4.91%
JD SPORTS FASHION PLC -0.77% 897 Delayed Quote.4.30%
JUST EAT PLC 0.00%End-of-day quote.3.14%
JUST EAT TAKEAWAY.COM N.V. 0.82% 74.86 Real-time Quote.-18.98%
JUST GROUP PLC -2.06% 100 Delayed Quote.43.06%
MSCI UNITED KINGDOM (STRD) -1.15% 1146.779 Real-time Quote.12.52%
NEXT PLC -0.35% 7882 Delayed Quote.11.23%
NIKE, INC. 0.31% 167.51 Delayed Quote.18.04%
RIO TINTO GROUP -0.56% 133.42 End-of-day quote.17.21%
RIO TINTO PLC -2.94% 6101 Delayed Quote.11.54%
ROYAL MAIL PLC -0.75% 504.2 Delayed Quote.49.30%
RPC GROUP PLC 0.00%End-of-day quote.21.56%
RPC, INC. -4.33% 4.2 Delayed Quote.33.33%
S&P UNITED KINGDOM (PDS) -0.67% 1400.95 Delayed Quote.9.39%
VODAFONE GROUP PLC -0.19% 116.18 Delayed Quote.-3.94%
WILL GROUP, INC. -2.94% 959 End-of-day quote.-4.67%
All news about FTSE 100
07/30European Stocks End Mostly in Red as Investors Monitor Earnings, Economic Dat..
07/30FTSE 100 Index Ends the Month 0.07% Lower at 7032.30 -- Data Talk
07/30LONDON STOCK EXCHANGE : FTSE 100 falls as miners weigh, British Airways owner sl..
07/30London Shares End Month With Mixed Results
07/30Wall Street Sees Weak Open, Amazon's Downbeat Revenue Outlook Weighs Heavy on..
07/30STOXX EUROPE 600 : European Bourses Track Lower Midday on Pandemic, Risk-Off Moo..
07/30DOW JONES FXCM DOLLAR INDEX : Europe Fixed Income Summary
07/30London Shares Drop as Miners, Oil, Airlines, Intertek Fall
07/30EUROPEAN MIDDAY BRIEFING : Stocks Fall as -2-
07/30FTSE Down, Pearson Gains After Solid 1st Half, College App Launch
More news
News of the index components FTSE 100
07/30ANGLO AMERICAN : 2021 Interim Results (transcript)
07/30ASHTEAD GROUP PLC : - Transaction in Own Shares
07/30ASTRAZENECA : H1 2021 results
07/30ASTRAZENECA : NHS - Presidential visit strengthens healthcare partnership with K..
07/30JOHNSON MATTHEY : AGM trading update
07/30BAE : Multi-million pound Tempest funding set to advance the UK's future Combat ..
More news
Chart FTSE 100
Duration : Period :
FTSE 100 Technical Analysis Chart | UKX | GB0001383545 | MarketScreener
Technical analysis trends FTSE 100
Short TermMid-TermLong Term
Top / Flop FTSE 100
RIGHTMOVE PLC 702.2 Delayed Quote.3.23%
PEARSON PLC 869.4 Delayed Quote.3.03%
LONDON STOCK EXCHANGE PLC 7490 Delayed Quote.2.35%
PENNON GROUP PLC 1278 Delayed Quote.2.00%
SEGRO PLC 1217.5 Delayed Quote.1.88%
ANGLO AMERICAN PLC 3190.5 Delayed Quote.-3.11%
INFORMA PLC 495 Delayed Quote.-3.28%
INTERTEK GROUP PLC 5156 Delayed Quote.-7.99%
Heatmap :