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

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 CET

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
01:10p TATA MOTORS : announces April-December passenger car sales up by 18 pct
01:09p KEMET : Cairo subway radio offers educational programmes to commuters
01:08p DOHA BANK Q S C : Instilling message of conservation in young
01:08p OOREDOO : Qatar residents warned against scam calls
01:08p HONDA MOTOR : new Accord offers ‘more sophisticated styling’
01:05p SCANIA : Swedish cross-country ski team travels sustainable with Scania
01:03p GNC : Crumbling lira pressures Turkish retailers as economy slows
01:00p HON HAI PRECISION INDUSTRY : Foxconn CEO says investment for display plant in U.S. would exceed $7 billion
12:51pDJROYAL DUTCH SHELL A : Sabic to Buy Remaining Stake in JV with Shell for $820 Million
12:48p INFOSYS : invests more than $62 million in Start-Ups
Latest news
Advertisement
Hot News 
-11.28%Bristol-Myers lung cancer delay slams shares, keeps Merck in lead
12.40%SYNTHOMER : Chemicals maker Synthomer sees 2016 profit ahead of estimates
-6.24%European shares ease ahead of Trump inauguration
-2.18%GENERAL ELECTRIC : Nason, former Treasury official, being vetted for Fed role - sources
7.87%SDL : Translation software firm SDL sees full year results ahead of market expectations
Most Read News
01/21 MANCHESTER UNITED : King Louis
01/21 AFCON : Cranes ejected, Ghana into quarters
01/21 SGS : Legislation in Argentina on Textile and Footwear Articles
01/21 ROYAL DUTCH SHELL A : I have not, will never steal money from or defraud Federal Government of Nigeria – Diezani
01/21 SELF-DRIVING CARS : The future of transportation
Most recommended articles
01/17DJS&P 500, Nasdaq Futures -- Technical Analysis
07:03a GNC : Crumbling lira pressures Turkish retailers as economy slows
07:00a HON HAI PRECISION INDUSTRY : Foxconn CEO says investment for display plant in U.S. would exceed $7 billion
06:51aDJROYAL DUTCH SHELL A : Sabic to Buy Remaining Stake in JV with Shell for $820 Million
04:08a UK high street retailers race to keep up with online demand