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Dec. 28, 2018, 1:21 p.m. EST

FTSE 100 notches best day in 8 months as energy and mining shares gain

London’s benchmark has been up in two of the past three weeks

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By Emily Horton


AFP/Getty Images

London’s main bourse registered its best daily gain in about eight months on Friday, with major oil companies and mining stocks driving gains. /zigman2/quotes/205228367/delayed UK:CNA +0.54%

What did markets do?

The U.K.’s FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -0.08%  rose in line with other European markets, with most well over 1%. The index advanced 2.2% to 6,733.97, after finishing down 1.5% on Thursday. In a shortened, but volatile, week of trade. For the week, the FTSE 100 climbed by 0.2%.

The pound /zigman2/quotes/210561263/realtime/sampled GBPUSD +0.0228% climbed to $1.2691 from $1.2643 late Thursday in New York.

What is driving the markets?

Despite a wild week of trading in the U.S., equities there managed to rebound Thursday, with gains set to continue into Friday’s session. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.38% erased a sharp loss on Thursday that knocked 611 points, or 2.7%, off the blue-chip gauge at one point.

But investors remain wary after Wall Street’s recent oscillations in stocks, with Asian markets managing only cautious gains Friday.

An earlier gain Friday in oil prices also helped push heavily weighed energy companies higher.

What stocks are active?

Engineer Melrose Industries PLC /zigman2/quotes/210306391/delayed UK:MRO -1.73% jumped 4.1%, energy company Centrica PLC /zigman2/quotes/205228367/delayed UK:CNA +0.54%  gained 3.4% and oil-services group John Wood finished the session with a 4.3% gain. BP PLC /zigman2/quotes/207305210/composite BP +0.03%   advanced 3.5%.

Mining stocks also rose, with Anglo American PLC /zigman2/quotes/201381512/delayed UK:AAL +0.46%  up 2.3% and shares of Rio Tinto /zigman2/quotes/208934945/delayed UK:RIO +0.95%   /zigman2/quotes/202627887/composite RIO +0.98%  climbing 1.4%.

/zigman2/quotes/205228367/delayed
UK : U.K.: London
81.20 p
+0.44 +0.54%
Volume: 14.01M
Dec. 9, 2019 4:35p
P/E Ratio
N/A
Dividend Yield
6.16%
Market Cap
£4.70 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,233.90
-5.76 -0.08%
Volume: 589,561
Dec. 9, 2019 4:59p
loading...
/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.3146
+0.0003 +0.0228%
Volume: 0.0000
Dec. 9, 2019 6:58p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,909.60
-105.46 -0.38%
Volume: 219.07M
Dec. 9, 2019 5:16p
loading...
/zigman2/quotes/210306391/delayed
UK : U.K.: London
227.80 p
-4.00 -1.73%
Volume: 10.43M
Dec. 9, 2019 4:35p
P/E Ratio
N/A
Dividend Yield
2.09%
Market Cap
£11.26 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205228367/delayed
UK : U.K.: London
81.20 p
+0.44 +0.54%
Volume: 14.01M
Dec. 9, 2019 4:35p
P/E Ratio
N/A
Dividend Yield
6.16%
Market Cap
£4.70 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207305210/composite
US : U.S.: NYSE
$ 37.10
+0.01 +0.03%
Volume: 4.38M
Dec. 9, 2019 6:30p
P/E Ratio
26.19
Dividend Yield
6.58%
Market Cap
$124.49 billion
Rev. per Employee
$4.03M
loading...
/zigman2/quotes/201381512/delayed
UK : U.K.: London
2,077.50 p
+9.50 +0.46%
Volume: 2.46M
Dec. 9, 2019 4:35p
P/E Ratio
8.40
Dividend Yield
4.35%
Market Cap
£25.53 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208934945/delayed
UK : U.K.: London
4,256.50 p
+40.00 +0.95%
Volume: 1.60M
Dec. 9, 2019 4:35p
P/E Ratio
6.99
Dividend Yield
7.26%
Market Cap
£68.46 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 55.91
+0.54 +0.98%
Volume: 1.42M
Dec. 9, 2019 6:30p
P/E Ratio
7.10
Dividend Yield
5.92%
Market Cap
$69.75 billion
Rev. per Employee
$852,406
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