US EditionFTSE 100 Hits Record High Amid US Jobs Data and Mining Merger Buzz
The FTSE 100 gained 0.8%, closing at 10,124.60, driven by merger talks between Rio Tinto and Glencore and an oil price rebound, with the index up 1.7% for the week.
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FTSE 100 Hits Record High Amid US Jobs Data and Mining Merger Buzz
The FTSE 100 reached a record high due to positive US jobs data and news of a potential Glencore-Rio Tinto merger. Glencore shares surged, contributing to the index's gains. The broader European market and energy stocks also saw significant boosts. Meanwhile, Sainsbury's and IAG faced setbacks.
Evening Standard
The IndependentMining merger talks see FTSE 100 end week on high
The FTSE 100 index closed up 79.91 points, 0.8%, at 10,124.60.
Indices advance with the impetus of the technology and defence sectors and with news on negotiations between Rio Tinto and Glencore
FTSE 100 boosted by Glencore and Rio Tinto merger talks
The FTSE 100 rose on Friday as investors reacted to confirmation that Glencore and Rio Tinto were in talks to create the world’s largest mining company. London’s leading index was trading 0.4% higher at 10,084 at the time of writing. “The FTSE 100 solidified its position above 10,000 on Friday after a mixed week which […] The post FTSE 100 boosted by Glencore and Rio Tinto merger talks appeared first on UK Investor Magazine.
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