Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

LONDON MARKETS: Miners, Sainsbury Boost FTSE 100

02/22/2013 | 06:00am US/Eastern

By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- U.K. stocks on Friday recovered a portion of the losses scored in the previous trading session, with mining firms pushing higher on the back of rebounding metals prices and J Sainsbury PLC on the rise after a broker upgrade.

The FTSE 100 index added 0.7% to 6,334.51, climbing back after a 1.6% decline on Thursday.

Shares of J Sainsbury gained 1.6%, after Citigroup lifted the supermarket retailer to buy from neutral.

Additionally, the bank said it expects earnings from Tesco PLC (>> Tesco Corporation), up 0.2%, and Wm. Morrison Supermarkets PLC to disappoint, down 0.1%.

Mining firms were also among notable movers in London, as most metals prices moved higher. Shares of Kazakhmys PLC gained 3%, Antofagasta PLC rose 2.4% and heavyweight Rio Tinto PLC (>> Rio Tinto plc) advanced 1.8%.

The broader U.K. stock market benefited from a pickup in risk appetite across Europe after the German Ifo Business Climate Index jumped to 107.4, topping forecasts for a 104.7 and fueling hopes that Europe's largest economy is recovering. .

Risk-sensitive banks were among advancers. Barclays PLC (>> Barclays PLC) added 1.2%, Lloyds Banking Group PLC gained 0.8% and HSBC Holdings PLC (>> HSBC Holdings plc) rose 0.7%.

Oil shares were also in positive territory, as oil prices inched higher. BG Group PLC rose 1.1%, Royal Dutch Shell PLC (RDSB) gained 0.5% and BP PLC (>> BP plc) inched 0.1% higher.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news
Date Title
05:49a TOTAL : Iran to ship four million barrels of crude to Europe in coming 24 hours
05:45aDJChinese Factories Head to Higher-Tech Markets to Survive
05:44a BIOPORTO A/S : Scientific journal's publication of white paper on the use of NGAL marks important milestone for BioPorto
05:43a Which? campaign to improve banks
05:43a FERRARI NV : fear the worst if team fails to win ; FORMULA ONE
05:41a NK LUKOIL PAO : Iran loading 4M barrels of oil towards EU Feb. 14
05:23a SLATER & GORDON : Aussies in love… but not with Valentine’s Day
05:13a NIOC NATIONAL IRANIAN OIL : Iran Crude Exports to Strike 1.5 mb/d within Next Month
05:07a BANK VTB PAO : Russia VTB's privatisation to take place when conditions 'suitable' - CEO
04:56a Market turmoil could hold back euro zone inflation - ECB's Coeure
Latest news
Advertisement
Hot News 
AVENIR TELECOM : CSU textiles, design museum opens four exhibits to mark major expansion
VENTURE LIFE : In GBP3.7 Million Fundraising To Buy Mouthwash Maker (ALLISS)
DEUTSCHE POSTBANK : self-service solutions put control in customers' hands
LONDON & ASSOCIATED PROPERTIES : AND ASSOCIATED PROPERTIES PLC - Director/PDMR Shareholding
Paragon Offshore to File for Bankruptcy
Most Read News
02/12 THE FEMALE HEALTH COMPANY : Supports UNAIDS’ Call for Increased Investments in Condoms
02/12 PGA TOUR : Palmer's ace a winner for lucky fan
02/12 ROBBINS GELLER RUDMAN & DOWD LLP : Files Class Action Suit Against Navient Corporation
02/12 Gainey McKenna & Egleston Announces a Class Action Lawsuit Has Been Filed Against Aerojet Rocketdyne Holdings, Inc. (AJRD)
02/12 CALIFORNIA AIR RESOURCES BOARD : ARB Newsclips for February 12, 2016.
Most recommended articles
05:49a TOTAL : Iran to ship four million barrels of crude to Europe in coming 24 hours
05:45aDJChinese Factories Head to Higher-Tech Markets to Survive
05:07a BANK VTB PAO : Russia VTB's privatisation to take place when conditions 'suitable' - CEO
04:56a Market turmoil could hold back euro zone inflation - ECB's Coeure
02:49aDJVisa Details Square Stake