Business

Miners hold back FTSE 100 gains

London stock brokers (file photo) Image copyright AFP

(Close): The FTSE 100 was little changed on Tuesday, with shares in miners holding back the index.

London's main share index close up just 2 points at 6,697.37.

Coca-Cola Hellenic Bottling, one of the leading drinks bottlers, was leading the index, up more than 3% on an encouraging note from JP Morgan.

The Anglo-Swiss firm Glencore closed down 3.5%, the biggest faller on the index, while rival firms Rio Tinto and BHP Billiton also fell.

On the currency markets, the pound was down 0.84% against the dollar at $1.3145.

Against the euro, it was down 0.32% at €1.1931.

Shares in ARM Holdings were down slightly, after rising more than 40% on Monday.

The chipmaker agreed to be taken over by Japan's Softbank for £24bn.

Monday's rise helped the FTSE reach a fresh 11-month high.