Market overview: FTSE 100 up 35
Feb 09, 2010
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15:55 Miners have consolidated their dominant position at the top of the FTSE 100 and the leading share index looks set to finish in the blue. Antofagasta, Xstrata, Rio Tinto, Fresnillo, Kazakhmys and Vedanta Resources occupy the top six spaces. FTSE 100 up 35 at 5,128.
14:40 Miner Xstrata leads Footsie higher. Peers Rio Tinto, Vedanta and Antofagasta are also posting good gains. British Land is going well after the property giant saw a revival in its portfolio in the last three months with 'strong' valuation growth across all types of its properties. Peer Land Securities is also higher. FTSE 100 up 25 at 5,118.
13:30 Miners dominate the risers in a buoyant FTSE 100. Xstrata, Rio Tinto, Antofagasta, Fresnillo and Eurasian Natural Resources are in the top 10. British Land is going well after the property giant saw a revival in its portfolio in the last three months with 'strong' valuation growth across all types of its properties. Peer Land Securities is also higher. FTSE 100 up 24 at 5,117.
12:20 AstraZeneca has been given a shot in the arm by news that the US Food and Drug Administration has approved the wider use of the drug giant's cholesterol-lowering drug Crestor as a preventive measure against heart attacks and strokes. British Land is going well after the property giant saw a revival in its portfolio in the last three months with 'strong' valuation growth across all types of its properties. Peer Land Securities is also higher. FTSE 100 up 14 at 5,107.
11:05 British Land is among today's risers. The property giant saw a revival in its portfolio in the last three months with 'strong' valuation growth across all types of its properties. Peer Land Securities is also going well. Elsewhere, banks and miners are strong, with RBS at the top of the pile. FTSE 100 up 19 at 5,112.
09:55 Banks and miners are among the stocks buoying Footsie. Royal Bank of Scotland is at the top of the pile, joined in the top 10 by peers Lloyds and Barclays. Xstrata leads the mining sector higher. FTSE 100 up 30 at 5,123.
09:30 The UK December trade balance with the rest of the world came in at -£7.278bn compared with expectations of -£6.63bn, as imports from non-EU countries soared.
09:10 British Land is among the stocks helping keep Footsie in the blue after the property group gave a bullish assessment of the market after its third quarter. Its peer Land Securities is the best performer though. Miners such as Xstrata and Rio Tinto are going well, but gold group Randgold Resources falls back after yesterday's strong performance on the back of fourth quarter results. FTSE 100 up 5 at 5,098.
0840 Shares are higher in early dealings with banks and miners making ground alongside property groups after British Land gave a bullish assessment of the market after its third quarter. Xstrata is still going well after its figures yesterday. Randgold Resources is weak, but saw big gains yesterday. FTSE 100 up 10 at 5,103.
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