Business

London's FTSE 100 index reverses losses

London stock brokers (file photo) Image copyright AFP

(Close): London's FTSE 100 closed higher on Wednesday, having traded lower for the most of the session.

Anglo American was the best performer, up 5.6%. Rangold Resources remained higher, up 3% to add to Tuesday's advance, but still not a full catch up of Monday's 14% loss.

News that UK manufacturing suffered the largest fall for nearly three years was shrugged off.

The FTSE 100 gained 9.52 points to 6,166.17.

Travel company Tui was another faller within the top flight, down 1.5% after results.

It reported a half-year loss of €236.9m (£186m), up from last year's €283.1m loss.

Tui, which owns First Choice and Thomson, is selling various bits of the business. It is planning to sell its outdoor package provider in the UK and last month said it would sell Hotelbeds Group for €1.2bn.

William Hill shares were a 250 faller, down by 5% after a trading update repeated the message of difficult trading conditions and too many winners at this year's Cheltenham Festival and in European football.

On the currency markets, the pound was up 0.21% against the dollar at $1.4474 and was down 0.41% against the euro at €1.2650.