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Financial News

Wednesday July 1, 10:51 AM
Market overview: FTSE 100 up 63

LONDON (ShareCast) - 1045: Miners continue to lift the FTSE 100, with Vedanta at the top of the pile. Fashion retailer Marks & Spencers is higher after reporting a rise in sales though like-for-like sales fell. Power generator International
Power (LSE: IPR.L - news) is higher after selling its Czech business. FTSE 100 up 63 at 4,312.

0840: A surge in demand for the miners has sent Footsie (news) sharply higher in early dealings this morning. Vedanta, ENRC and Rio and Kazakmys are all in demand. Trading statements from Marks & Spencer and International Power have also been well received. FTSE 100 up 65 at 4,315.

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