Investing.com - Financial Markets Worldwide
🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

British stocks jump as mining shares track strong silver prices

Published 02/01/2021, 04:19 PM
Updated 02/01/2021, 04:20 PM
© Reuters.
UK100
-
HRGV
-
ASOS
-
0RYA
-
FTMC
-
FTNMX551030
-
FTNMX404010
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 0.7%, FTSE 250 adds 0.4%

Feb 1 (Reuters) - British shares rose on Monday led by gains
in mining stocks as silver prices jumped on strong retail
demand, while fund supermarket Hargreaves Lansdown jumped on
upbeat earnings and fashion retailer ASOS gained on a deal to
buy rival brands.
The blue-chip FTSE 100 index .FTSE gained 0.7%, recovering
from its worst session in three months, with miners .FTNMX1770
and construction stocks .FTNMX5370 gaining most, while the
mid-cap index .FTMC added 0.4%.
Silver prices surged to a five-month high, as small-time
investors piled in to the metal, the latest target of a
retail-trading frenzy that has set financial markets on edge.
In company news, London-listed shares of Ryanair Holdings
RYA.L slid 0.7% after saying it may lose close to 1 billion
euros ($1.21 billion) in its current financial year, by far its
worst ever performance. Online fashion retailer ASOS ASOS.L gained 2.1% after
buying the Topshop, Topman, Miss Selfridge and HIIT brands from
the administrators of Philip Green's collapsed Arcadia group for
265 million pounds ($364 million). Hargreaves Lansdown HRGV.L rose 1.1% after the company
raised its dividend and posted a 10% jump in profit for the
first half of its fiscal year.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.