Business

The FTSE 100 edges slightly higher despite weak mining stocks



Search company or market
Search company or market:
Refresh this page Launch Marketwatch ticker
London | Wall Street | Asia

(Close): The FTSE 100 had made little headway by the end of trading, with weaker mining and supermarket shares offsetting a rise in the bank sector.

The index closed up just 1.35 points at 6,734, with Sky shares the biggest riser with a 2.57% jump.

Sainsbury and Kingfisher were the big losers, with both down more than 4%.

RBS, up 2%, led banks higher, and oil services firm Petrofac regained a small portion of Monday's heavy fall, closing up 1.5%.

Heavyweight miners BHP Billiton and Anglo American fell nearly 2% after their boost from Friday's surprise cut in Chinese interest rates started to fade.

Lower oil prices helped support shares in airlines. EasyJet and IAG, the owner of British Airways, rose about 1%.

Outside the top flight, shares in JD Sports rose 4% as investors welcomed the disposal of its loss-making Bank fashion division to restructuring firm Hilco.

JD Sports said the remainder of its businesses were trading in line with expectations.