Miners help FTSE 100 fight retail gloom
Miners help FTSE 100 fight retail gloom
Thursday 14th January 2010
Miners helped the FTSE 100 counter significant losses in the retail sector on Thursday.At the close of play the London index stood at 5,498.20, a rise of 24.72 points, or 0.45 per cent.
Leading the gains on the day was Xstrata, which ended up 4.01 per cent to 1,220p.
Antofagasta and Wolseley were also up 3.01 per cent and 2.89 per cent respectively.
After releasing its Christmas trading update, Home Retail, the owner of Argos and Homebase, suffered serious losses though, down 6.24 per cent on the day to 265.8p.
Marks and Spencer Group was also down 3.28 per cent, with Kingfisher, the owner of B&Q, falling 1.65 per cent.
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