Miners lead FTSE 100 higher

Friday 28th August 2009

The FTSE 100 rose 0.62 per cent to reach 4,899.64 in early trade on mining and financial stocks.

Kazakhmys led the rise, and was up by 3.9 by 08:45 BST, followed by Lloyds Banking Group, up 3.32 per cent.

Xstrata was also up by 2.9 per cent, while Barclays rose 2.36 per cent.

BAE Systems was still in the red, after losing a follow-up contract with the US government, sending shares down by 3.27 per cent in early trade.

Diageo also fell again, down 0.16 per cent on yesterday's first half results.

But most stocks on the index were rising, boosted by gains on Wall Street and higher oil prices.

The Dow Jones closed 0.39 per cent up, while the S&P 500 ended 0.28 per cent higher.
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