Ticker ANTO

Today's data summary

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Price Pence
As of 13:02 22 Sep 2018
Market cap. Pound sterling
8,831.30 million
As of 13:02 22 Sep 2018

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FTSE 100 drops on commodity price falls

The FTSE 100, the blue chip stock index, has reversed earlier gains and is now trading down 0.77% at 7,553.35.

Connor Campbell, financial analyst at Spreadex, says: "The FTSE was crushed under the weight of its sizeable commodity stocks on Wednesday, plunging towards 7,550 as chaos spread throughout the sector.

Trucks loading copper ore
Getty Images

"With Brent Crude falling under $72 per barrel after slipping 1%, gold sliding to $1,192 an ounce and copper sinking around 2.5% to hit a fresh 13 month low, the FTSE’s oil and mining firms were not in a good way.

"BP and Shell both slipped 0.7%, the likes of Rio Tinto, Anglo American and Antofagasta were down anywhere between 2.5% and 4%, and Fresnillo shed 5.5%.

"All this led to the UK index itself dropping 70 points, testing intraday lows last seen at the start of the month."

UK stocks maintain gains

The FTSE 100 is keeping its head above water - just.

It is trading up 7.12 points at 7,649.11.

Copper miner Antofagasta continues to lead the fallers with its share price down 5.7% at 898.3p.

Investment firm Melrose is the biggest riser, up 2% at 221.3p.

The FTSE 250 is up 0.21% at 20,617.

Antofagasta tops FTSE fallers

Workers move copper sheets
Getty Images

Antofagasta is leading the FTSE 100 fallers on Tuesday morning after the copper miner's share price fell 4.2% to 911.4p when it revealed a 16% fall in interim profits.

Shares in software developer Micro Focus led the blue chip risers, up 1.6% at £12.64.

The FTSE 100 is up 0.13% to 7,652.65.

Card Factor, which recently issued a profit warning, is the largest faller on the FTSE 250, down 4.4% at 178.85p after investment bank Berenberg cut its guidance on the stock.

esure is up 3.7% at 277.3p after it announced that it will sell the company to Bain Capital.

Meanwhile, Royal Mail's share price is up nearly 1% at 466.6p after Ofcom levied a £50m against the postal group.

The FTSE 250 is up 0.34% at 20,645.43.

Miners lead FTSE charge

A mine
Getty Images

Miners are leading the FTSE 100 charge this morning.

Antofagasta is the biggest riser in the blue chip index, up 2.73% to 969.70, while Melrose has climbed 2.45% to 213.20.

Meanwhile BHP Billiton is up 2.32% to 1,702.

The FTSE 100 is up 0.44% at 7,651.51.

Markets down as miners struggle

FTSE graph

The FTSE 100 has been on a steadily downward dive since opening this morning. It's now down 93 points, or 1.22% at 7,588.

The biggest loser in the blue-chip index is Micro Focus, which has slumped almost 5%, or 67p, to 1,297.

The miners are also struggling with Anglo American down 3%, Glencore 2.,65%, and Antofagasta losing 2.53%.