Business

Miners help FTSE 100 rise 2.87%

City traders Image copyright Getty Images

(Close): London's leading share index extended earlier gains to stand higher at the close of the market, boosted by miners.

The FTSE 100 was 2.87% higher - a gain of 168.15 points - at 6,030.32.

There was official news of another fall of 60,000 in UK unemployment to 1.69 million.

Anglo American was the best gainer, rising 17.6% after Deutsche Bank raised its target price on the stock.

The bank said Anglo American's plan to sell certain assets would help take its debts to a more manageable level.

Glencore was boosted 14.8% by news of early debt refinancing. Antofagasta shares also rose 8.6%.

Brent crude jumped 7.7% after earlier falls to $34.66 a barrrel after moves by top oil producing countries to come to an agreement to curb production. US light crude was also up by 6.6%.

On the currency markets, the pound was up 0.26% against the euro at €1.2864 and was up 0.17% against the dollar at $1.433.

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