Mining stocks lead the surge in the Footsie as copper inventories continue to decline.

Antofagasta has closed its deal to acquire 40% of Duluth Metals' Nokomis copper-nickel-platinum group metal deposit in north eastern Minnesota, US. Antofagasta has to fund $130m of spending over three years.

Kazakhmys and Xstrata are also strong risers. Vedanta Resources will publish first quarter production results on 30 July.

Medical devices firm Smith & Nephew has been knocked by results from US sector peer Stryker and there are also rumours that Citigroup is trying to place 8m shares at 559p each.

Shares in Cable & Wireless Worldwide continue to fall after yesterday's warning that UK public sector spending will hit the business. Outsourcer Capita continues to fall in sympathy.

FTSE 100 - Risers
Kazakhmys (KAZ) 1,102.00p +6.58%
Antofagasta (ANTO) 987.00p +5.45%
British Airways (BAY) 208.90p +4.76%
Xstrata (XTA) 996.30p +4.66%
Invensys (ISYS) 282.00p +4.44%
Investec (INVP) 486.30p +4.42%
TUI Travel (TT.) 231.70p +4.37%
Man Group (EMG) 217.00p +3.93%
Vedanta Resources (VED) 2,402.00p +3.71%
Legal & General Group (LGEN) 87.75p +3.60%

FTSE 100 - Fallers
Smith & Nephew (SN.) 558.00p -4.94%
Cable & Wireless Worldwide (CW.) 66.85p -3.12%
Imperial Tobacco Group (IMT) 1,916.00p -1.44%
Capita Group (CPI) 713.50p -0.63%
ICAP (IAP) 390.40p -0.56%
G4S (GFS) 258.70p -0.50%
AstraZeneca (AZN) 3,187.50p -0.45%
National Grid (NG.) 489.00p -0.22%
Lonmin (LMI) 1,444.00p -0.21%
Scottish & Southern Energy (SSE) 1,163.00p -0.17%

Related share prices
Smith & Nephew (SN.) share price
Antofagasta (ANTO) share price
Xstrata (XTA) share price
Vedanta Resources (VED) share price
Kazakhmys (KAZ) share price
Cable & Wireless Worldwide (CW.) share price