Business

FTSE 100 surges as mining stocks recover

Market trader (file picture) Image copyright Getty Images

(Close): The market climbed strongly, with mining and energy-related shares leading the way after prices of metals rose and oil prices stabilised.

The benchmark FTSE 100 index closed up 157.88 points, or 2.6%, at 6,240.98.

In the mining sector, shares in Anglo American jumped more than 9%, Glencore was up 8.5%, while BHP Billiton was 6.6% higher.

Higher oil prices helped energy stocks, with BG Group up 6.3% and BP climbing 4.5%.

Outside the FTSE 100, shares in video games retailer Game Digital plunged nearly 40% after the company warned of lower profits.

It said half-year underlying earnings would be £30m, down from £43m last year, after being hit by weaker-than-expected sales of new games formats.

On the currency markets, the pound was higher, despite news that the UK's economy grew by less than previously estimated in the second and third quarters of the year.

Sterling rose almost half a cent against the dollar to $1.4870 and was up by more than one cent against the euro at €1.3671.