Traders continue to back miners helping FTSE 100 to rise

Thursday 11th February 2010

The FTSE jumped around one per cent in early trading on Thursday, led by rallying commodity issues.

At 09:50 GMT the London index stood at 5,183.19, a rise of 51.17 points.

Leading the gains was medical devices maker Smith and Nephew which leapt 3.95 per cent to 658p.

The miners were also some of the biggest winners in the first hour of trading, with Aggreko rising 3.91 per cent, Rio Tinto up 3.77 per cent and Xstrata increasing 3.46 per cent.

BT Group suffered by far the worst slump, dropping 6.39 per cent to 123p. The fall came after the Pension's Regulator expressed "substantial concerns" about the company's plans to plug the £9 billion hole in its pension fund.

Diageo and British Airways also suffered significant drops of 2.73 per cent and 2.32 per cent respectively. ADNFCR-1783-ID-19609728-ADNFCR

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