FTSE 100 jumped 2.1% or 125.4 points to 6,022.3
by Greg Secker on Apr.21, 2011, under Greg's Blogs
UK Report 21st April 2011
UK markets closed higher yesterday, buoyed by better-than-expected corporate earnings and higher commodity prices. Miners, Antofagasta, Anglo American and Kazakhmys, gained between 3.3% and 5.5%, as base metal prices rallied. Oil producers, Royal Dutch Shell, Tullow Oil and BP, added between 3.0% and 4.1%, as oil prices settled at their highest level in nearly two weeks. Upbeat results from US peer, Intel, benefited shares of ARM Holdings, while household-products firm, Reckitt Benckiser, rose 3.9%, after the company posted earnings which managed to exceed market expectations, helped by growth in emerging markets. Shares of Xstrata and HSBC Holdings paced gains, following positive broker review.
FTSE 100 jumped 2.1% or 125.4 points to 6,022.3. FTSE 250 rallied 1.6% or 181.7 points to 11,756.2.
