Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

LONDON MARKETS: Miners, Sainsbury Boost FTSE 100

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2013 | 12:00pm CEST

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
03:55pDJSKULLCANDY : to Be Bought by Mill Road
03:55p COMCAST : Expands Fiber Network Capable of 100-Gigabit Speeds Designed to Support Tallahassee’s Business Community
03:55p TYPHOON EXPLORATION : Work in Progress on Plan Nord Territory and Results From Typhoon's Annual General Meeting
03:54p TYPHOON EXPLORATION : Work in Progress on Plan Nord Territory and Results From Typhoon's Annual General Meeting
03:54p INSM The Law Offices of Vincent Wong Notifies Investors of a Class Action Involving Insmed Incorporated and a Lead Plaintiff Deadline of September 13, 2016
03:54p Exporting Marketing Channel Audits, Importing Marketing Channel Audits & Logistics Channel Incoterms Standards (August 25-26, 2016) - Research and Markets
03:54pDJEurozone Companies Plan Higher Investment After Brexit Vote
03:54p Forbes Ranks BioMarin 10th Most Innovative Company in the World
03:53p PERFORMANCE SPORTS : Ex-Performance Sports chairman says may bid for hockey gear maker
03:53p BASEBALL : Pacific League standings (Aug. 24)
Latest news
Advertisement
Hot News 
6.01%HEADLAM : UK carpet seller Headlam ups prices after post-Brexit sterling weakness
2.61%CASTROL INDIA : Planned BP stake sale in Indian unit has not taken place - exchange data
4.69%WPP : Profit Plunges in First Half
9.74%SVENSKA CELLULOSA : Sweden's SCA Plans Separate Listing for Its Two Divisions
-2.18%WESFARMERS : Net Profit Falls on Writedowns
Most Read News
08/23DJUOB KAY HIAN : PBOC Tweaks Strategy With 14-Day Reverse Repos
04:15aDJStocks Little Changed as Oil Falls
08/23 SOLARCITY : Tesla touts speed and driving range with new upgraded battery
04:20a Top SABMiller shareholder Aberdeen backs court ruling on AB InBev deal
06:25a ANGLO AMERICAN : Glencore's underlying profit falls, lowers debt target
Most recommended articles
09:53a PERFORMANCE SPORTS : Ex-Performance Sports chairman says may bid for hockey gear maker
09:53aDJStocks Little Changed as Oil Falls
09:50a FORD MOTOR : to recall 91,000 cars in North America to fix fuel-pump issue
09:49aDJBlockchain Firm R3 Files for a Patent as Fintech Race Heats Up--Update
09:48a TSX falls as lower metal prices weigh on mining stocks