Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

LONDON MARKETS: Miners, Sainsbury Boost FTSE 100

02/22/2013 | 06:00am US/Eastern
Recommend:
0

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

Recommend :
0
React to this article
Latest news
Date Title
<1m ago Cyprus Airways on recovery path, cooperation with Qatar
1m ago ASTRAZENECA : drugs group says profits halved, blames generics
1m ago WEST BANCORPORATION : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
1m ago FIRST NIAGARA FINANCIAL : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
1m ago FIRST AMERICAN FINANCIAL : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
1m ago PARTNER COMMUNICATIONS : Announces Receiving a Lawsuit and a Motion for the Recognition of This Lawsuit as a Class Action
2m ago ABCAM : Chief Marketing Officer Buys Shares (DIRECTOR DEALINGS)
2m ago RESEARCH AND MARKETS : Australia Water Coolers Report 2013-2017 with Coca-Cola Amatil Dominating the Market
3m ago NASDAQ OMX : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
3m ago CC MEDIA : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
Latest news
Advertisement
Hot News 
TRANS SIBERIAN GOLD : Asacha mining and production update
TRISTEL : 24/04/14 UHCW RNS Reach
THEOLIA VR : 2013 annual results
MOLINS : Proposed admission to trading on AIM
CREE : Patent Application Titled "Light Emitting Devices for Light Emitting Diodes (Leds)" Published Online
Most Read News
3h ago Juicy Apple buoys shares, euro volatility sinks
5h ago BLUNT BAYERN GIVEN A REAL MASTERCLASS ; CHAMPIONS LEAGUE Semi-final first leg
1d ago BUFFETT : moving oil by rail safely major industry concern
1d ago ACTIVISION BLIZZARD : Newest Skylanders® Game - Skylanders Trap TeamTM - Takes Toys-to-Life Phenomenon to New Levels by Bringing Digital Characters into the Physical World
1d ago WAL MART STORES : -Mart says former CEO Scott to retire from board
Most recommended articles
3h ago Juicy Apple buoys shares, euro volatility sinks
2h ago FTSE hits six-week high, miners lead
2d ago Barclays joins retreat from commodities as new rules bite
7d ago BLACKSTONE : earnings rise 30 percent, boosted by private equity gains
5m agoDJMOL MAGYAR OLAJ ES GAZIPARI NYRT : CEO-Chairman : Europe Has to Rely on Russian Oil, Gas for Now
Dynamic quotes  
ON
| OFF