Banks and miners buoy FTSE
Friday, 02 May 2008 10:17
Investments: FTSE as quiet as a 7ft mouse
The FTSE rose this morning following gains in New York and Asia, buoyed by rises in mining and banking stocks.
At 9:45 BST it stood at 6133.10 up 45.80 points.
The biggest early gains were recorded for Cadbury Schweppes – trading for the first time as a sweets/chocolate-only firm today, after the demerger of its drinks business.
Estate agent Savills also rose along with Next.
Miner Rio Tinto saw its price rise amid reports its chairman was looking at breaking up the firm, while rivals BHP Billiton, Lonmin and Xstrata also saw gains around the one per cent park.
Falls were recorded for packaging firm Mondi as it was downgraded by Credit Suisse.
BSS Group, Britvic and Soco International were also among the other losers of the morning.
Overall the last month has been the strongest April in five years – due to gains from miners and natural resources firms.
Daniel Barnes
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