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Buoyant mining stocks boost FTSE 100

Daily Life In England Under Third Coronavirus Lockdown
LONDON, UNITED KINGDOM - FEBRUARY 24: A general view over the London skyline including St Paul's Cathedral, the Wembley Arch, and the BT Tower on February 24, 2021 in London, United Kingdom. (Photo by Dan Kitwood/Getty Images)

A rally among mining stocks boosted London’s premier FTSE 100 index this morning.

The capital’s premier index added 0.23 per cent to reach 7,272.35 points, while the mid-cap FTSE 250 index edged back 0.08 per cent to 23,556.93 points.

A rally among mining stocks boosted London’s premier FTSE 100 index this morning.

The capital’s premier index added 0.23 per cent to reach 7,272.35 points, while the mid-cap FTSE 250 index edged back 0.08 per cent to 23,556.93 points.

Megacap mining stocks, such as Antofagasta and Rio Tinto led the FTSE 100 higher this morning, both rising more than 0.70 per cent.

Gains were tempered by telecoms giant BT tumbling more than 3.40 per cent and British Airways parent company IAG having 4.74 per cent shaved off its share price.

Meanwhile, on the FTSE 250 index Wagamama owner the Restaurant Group was the worst performer, dropping 4.87 per cent, partly cancelling out gains this week.

The pound lost ground on the greenback, reversing this week’s advances, dropping 0.30 per cent to $1.3446.