London shares close firm on back of mining stocks gains
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Blue chips have closed up, albeit off session highs, with strength in mining issues the main prop for gains in London, and with volume thin on the ground as Wall Street was closed for Presidents' Day holiday.
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Shares in London rose on Tuesday thanks to a rebound in the mining sector.
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London equities held up on Wednesday despite the FTSE 100 losing 29 points as a host of leading financial stocks traded without rights to the latest dividend payments.
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Leading British shares managed to finish the day in positive territory as falls in New York were offset as blue chip insurers clawed back losses in the wake of last week's probe in the US.
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UK blue chips closed higher, just off the late afternoon peak after rallying from earlier falls in tandem with an jump on Wall Street as the latest weekly US jobless claims numbers eased worries over the health of the world&#39;s largest economy.
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British blue chips closed higher, supported by a positive morning on Wall Street, as weaker-than-expected US consumer price index data eased inflationary concerns, dealers said.
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UK blue chips closed higher Thursday, reversing earlier losses, with higher commodity prices aiding the oil and mining sectors and investors encouraged by steady gains on Wall Street.
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London equities rose on Thursday, after the sharp sell off during the previous session left mining and financial stocks looking undervalued.
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Leading shares closed weaker for the fifth day out of the last six, with the heavyweight mining sector badly hurt, but a relatively mild fall on Wall Street helped ensure that the FTSE 100 finished well off session lows.
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London equities were little changed in opening trade on Wednesday as lingering strength in oil and mining stocks helped counter weakness in banking and pharmaceutical stocks.
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Leading shares closed higher, at session highs, aided by a strong rise on Wall Street in anticipation of a rate cut tomorrow, while miners underpinned Footsie gains as production worries pushed base metals higher.
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A resurgent mining sector helped the leading share index finish in positive territory, dealers said Monday.
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The FTSE 100 index closed comfortably higher thanks to robust earnings from Reuters and Reckitt Benckiser, although British blue-chips ended below their best levels after a mixed morning on Wall Street.
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Leading shares closed off earlier highs but still on a bullish note, as increased activity in mergers and acquisitions boosted stocks.
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UK blue chips closed stronger today, just off the late afternoon peak lifted by a rally from hard-pressed banking issues, with Wall Street pushing higher in morning deals following better than expected numbers from Lehman Brothers, and ahead of a likely Fed interest rate cut later today.
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Leading shares closed sharply up, as Wall Street soared after the week&#39;s economic reading indicated inflation remained tepid last month, with UK miners powering ahead after base metals came off lows on the CPI data.
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London equities progressed by midday Wednesday, pushed by strong gains in the mining sector following a Goldman Sachs (NYSE:GS) note on metals prices. Retailers like J Sainsbury remained in focus one day after Tesco issued a somber results statement that sent its stock down nearly 5 per cent.