Miners offset M&S to send FTSE higher

Wednesday 6th January 2010

The FTSE 100 closed slightly higher on Wednesday evening as a good day's trading for miners offset losses by retailers led by Marks and Spencer.

After posting worse-than-expected Christmas trading figures the retailer saw its shares dip 6.79 per cent in a single day.

But the FTSE 100 closed up 0.14 per cent, or 7.54 points, at 5,530.04.

Leading the gains was the Autonomy Corporation at 6.12 per cent, with Wolseley up 4.69 per cent and Royal Bank of Scotland Group rising 3.62 per cent.

It was a very healthy day's trading for the miners, led by Xstrata with a 3.45 per cent rise.

Randgold Resources (2.90 per cent), Vedanta Resources (2.76 per cent), Kazakhmys (2.79 per cent) and Rio Tinto (2.57 per cent) were all also on the up.

Among the other losses were British Land Co, down 2.57, and Petrofac, down 2.52 per cent. ADNFCR-1783-ID-19543451-ADNFCR

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