The FTSE 100 is up today (September 2nd) on the back of the release of positive economic data.
Manufacturing figures for both China and the UK have been strong and this has supported miners such as Rio Tinto, which saw its stocks grow by 4.5 per cent this morning.
At 16:02 BST this afternoon, the FTSE 100 was 1.57 per cent higher than at the start of the session, marking a positive start to the new week and month.
Vodafone was one of the big movers on the index, reports BBC News, up nearly four per cent after it announced it is selling its stake in Verizon.
Rolls-Royce was another of the large companies to make a mark on the FTSE 100 during the session today, recording growth of 1.4 per cent in its share price.
The firm has announced that it has sold its 50 per cent stake in the RTM322 helicopter engine programme to Turbomeca. The deal was worth £249 million.
Find up to date information on the FTSE 100 and spread betting strategies at City Index
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.