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FTSE rebound led by mining shares

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CATHY ADAMS

The leading share index staged a rebound this morning, led by mining shares.

In early deals, the FTSE rose 0.6 per cent after suffering its sharpest one-day fall yesterday since July on concerns that the US Federal Reserve could wind up stimulus programme sooner than expected.

Headline miners made up the top five FTSE risers this morning – as metal prices rallied – with Kazakhmys leading the pack, up 2.74 per cent.

Russian precious metals miner Polymetal and steelmaker Evraz were both up 2.2 per cent.

Outside of the miners, luxury retailer Burberry was up 2.2 per cent, and industrial buyout specialist Melrose rose 2.1 per cent.

Mid-cap miners and oil shares were also doing well, with Finnish miner Talvivaara up 7.2 per cent and Fortune Oil rising 4.6 per cent.

A mixed bunch of shares made up the FTSE fallers this morning. G4S topped the blue chip loser board, shedding 1.4 per cent.

Education group Pearson, which also owns the Financial Times, sank 0.8 per cent.

Brewer SAB Miller fell 0.4 per cent in early trading. Yesterday Morgan Stanley initiated its coverage of the stock with an “equal-weight” rating and a target price of 3300p.

On the wider index, Indonesian coal miner Bumi fell 4.2 per cent, as the majority of board overhaul proposals from company co-founder Nat Rothschild were rejected at the company’s EGM yesterday.

UK banking shares were mainly in positive territory this morning. HSBC rose 0.56 per cent, Barclays was up 1.17 per cent and Lloyds Banking Group rallied 0.89 per cent. Only RBS fell, shedding 0.39 per cent.

In Asia, the Nikkei closed up 0.68 per cent and in the US, the Dow Jones closed down 0.34 per cent.

CATEGORY: Doctors General Practitioners


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A C Pilkington A Hutchings A Q Qadri A S Chalapathy
A Sheth Albion Health Centre Ali, S K Ali, S Y
Alison Snailes Allum Medical Centre Al-Mudallal, G Amena Sudderuddin
Amin, N Amin, R T Anantha, G R Anil K Jain
Aratsu, N Athena Medical Centre Atun, R A Au, Y C
Azad, K H B C Nandi Bailey, J Baines Dr P S
Banerjee, A L Banerjee, B Barker, M Barnabas, A J
Baron Dr I D Bashir, A Basnyat Dr R B Bath Street Surgery
Baura, G K Beechwood Road Surgery Beeks, M Bernard, F
Bhadra, N B Bhaiwala, B Z Bhowmik, P R Bingham, S
Blithedale Medical Centre Boomla, K Boomla, S Britt, C
Bromley by Bow Health Centre Brown, G Burnett, A B Buscombe, J
Camden & Islington Community Health Services N H S Trust Cathy Highton Chalabi, N Chanda, A K
Chang, M K L Charles, H Chatterjee, P Choudhuri Dr B B
Chrisp Street Health Centre Clive S Lloyd Cochran, K Cochran, K J
Comyns Close Clinic Dadabhoy, M E Dadabhoy, S David Aitchison & Partners
Davies, D Davis & Grenville Davis, P A Davison, C
Dean, T Delany Dr M Desai, J D Deva, A
Devons Road Surgery Docklands Medical Centre Dr A Jumaily Dr A M Siddiqui
Dr A.B.J Stables Dr A.K Rana Dr B Subramanian Dr B.N Mukherjee
Dr Bhagrath Dr Brohi Dr F Sarwar Dr K V Kapur
Dr K.H Azad B.Scmb BS Dr Kiyani Dr M Chang Dr M H Rahman
Dr M Mridha Dr M S Duggal Dr N Amin Dr P Alagaraja
Dr P.A Davis Dr S A Hussain Dr S Swedan Dr S Velupillai
Dr Shui Surgery Drake & Cog Driver, N R Drs Adams Huddart Humphreys & Newland