Business

London share prices end Tuesday higher

Market trader (file picture) Image copyright Getty Images

(Close) London shares closed higher with the FTSE 100 index ending the day 42 points up at 6,820, a rise of 0.6%.

The biggest gainers were Anglo-American, up 7.6%; Glencore, up 5.3%; and BHP Billiton, up 4.9%.

They were boosted by the continuing post-US election rally in international mining shares.

The biggest fallers were the contract catering firm Compass, down 4.7%, and the engineering group Babcock, down 4.6%.

"The crude oil price rally shows no signs of letting up... while continued optimism that President-elect Trump will implement an infrastructure-based fiscal stimulus behemoth is helping metals, and subsequently miners, to also rally," said Henry Croft, research analyst at trading firm Accendo Markets.

Compass had reported slightly slower-than-expected revenue growth.

The firm said its underlying revenue, at constant currencies, grew 5% to £19.9bn in the year to the end of September, compared with expectations of 5.2% revenue growth.

In the FTSE 250, shares in Peppa Pig owner Entertainment One were the biggest faller, dropping nearly 13%.

The TV and film production company had reported the departure of its finance head Giles Willits and said that its pre-tax profit for the first half had plunged 80% due to higher cost of sales and administrative expenses.

On the currency markets, the pound was down 0.6% against the dollar to $1.242, and fell 0.4% against the euro to €1.17.