Business

Miners push FTSE 100 higher

City traders Image copyright Getty Images

Mining companies helped push London's leading shares higher, with the FTSE 100 closing up 10.21 points, or 0.2%, at 6,278.97.

Antofagasta was up 5.8%, Glencore climbed 5%, while Anglo American was 4.3% higher.

Shares in airlines fell as confidence among investors was affected by news of more security alerts and the police operation in Paris.

British Airways owner IAG fell 3.2%, while easyJet was down 0.9%.

Outside the FTSE 100, UK Mail shares fell 12.1% after poor half-year results.

The delivery company reported pre-tax profits of £2.2m, down from £12m a year ago, and warned that its expectations for the next financial year "have softened slightly".

Police raid

Nerves returned to global stock markets as worries about international security increased.

On Tuesday, a football match between Germany and the Netherlands was cancelled, while two Air France planes heading to Paris from the US were diverted because of security threats.

Investors were also eyeing developments in Paris, where armed police raided a flat in the suburb of Saint Denis in an operation linked to Friday's attacks.

Stock markets were lower across Europe, with France's Cac 40 index down 0.6% at 4,906.72, while Germany's Dax index dropped 0.1% to 10,959.95.

Rate speculation

On the currency markets, the pound spiked briefly after Bank of England deputy governor Ben Broadbent said markets should look at how the UK's economy was performing, rather than "focus obsessively" on the Bank's forecasts.

The recent Inflation Report from the Bank was interpreted as pushing the prospect of a rate rise back to late 2016 or even early 2017.

However, Mr Broadbent's comments were seen as suggesting a rise could come earlier, and the pound jumped half a cent against the dollar in response.

However, the gains did not last, with the pound unchanged against the dollar at $1.5208, and up very slightly against the euro at €1.4304, in late afternoon.