The UK’s FTSE 100 rose on Thursday, snapping a three-day losing streak, supported by a jump in energy shares, while…
The UK’s FTSE 100 rose on Thursday, snapping a three-day losing streak, supported by a jump in energy shares, while mining stocks climbed as prices of both gold and copper rose.
The commodity-heavy FTSE 100 was up 0.2% by 9:18 GMT, while the mid-cap index slipped 0.2%.
Shares of industrial metal miners gained 0.5% following an uptick in copper prices, with Antofagasta up 1.2%, leading gains on the FTSE 100.
Precious metal miners rose 0.1% as gold prices were up after a weaker US dollar and lower Treasury yields buoyed demand for bullion.
Oil and gas shares climbed 0.8%, leading sectoral gains, with heavyweight BP adding 1.1%.
Travel and leisure stocks were the top decliners, falling 0.9%. PZ Cussons said it expects only a minimal surplus cash position remaining in its Nigeria business beyond what is required for trading by the end of its current…