- Eurozone GDP beats expectations
- Fresnillo in top spot
- UK construction output rises 0.2 per cent in Q4
techMARK 2,831.77 +0.28%
FTSE 100 6,663.62 +0.06%
FTSE 250 16,110.62 +0.51%
The FTSE closed marginally higher today, lifted by figures which revealed better-than-expected growth across the Eurozone and a decent performance from the mining sector.
The index closed up 4.20 points at 6,663.62, marking a gain of 91.94 points on the week.
Fresnillo was the top performer as the precious metals miners edged closer to lifting an explosives ban currently in place in Mexico, while a strong performance by the gold price also helped push the sector as a whole higher.
Over in the Eurozone, Eurostat this morning reported that gross domestic product (GDP) for the region expanded by 0.3% over the fourth quarter, accelerating from the 0.1% growth registered in the third quarter. Figures beat the consensus forecast for a GDP expansion of 0.2%.
"Activity continues to recover in the Eurozone," said Chief Market Strategist Brenda Kelly from IG. "While the political shenanigans in Italy are providing a Groundhog Day backdrop to proceedings, investors are choosing to focus on the better-than-expected GDP numbers from France, Holland and Germany."
Which? declares UK energy market "broken"
Back in the UK, consumer group Which? has called for radical reforms to the "broken" UK energy market after it was found that nearly 5.6m customers complained about the so-called 'Big Six' energy providers last year.
Meanwhile, construction output rose 0.2% in the fourth quarter, driven by new house builds, the Office for National Statistics (ONS) said.
In other news, data from LSL Property Services/Acadata revealed the average house price in the UK rose to £241,101 last month, up 5.2% year-on-year, and 0.6% month-on-month.
Elsewhere, the new Jaguar Land Rover engine factory will employ 1,400 workers, it was revealed today.
Mondi lifted by broker comments
Mondi rose strongly following Credit Suisse's decision to reiterate its 'outperform' rating on the stock.
Shares in Petrofac received a boost today after Berenberg analysts upgraded their rating from 'hold' to 'buy' and hiked their target price from 1,370p to 1,740p.
Water group Severn Trent climbed after saying its trading performance overall remained in line with its expectations and prior guidance.
Meanwhile, bottling firm Coca-Cola HBC declined after it predicted a "challenging" macroeconomic and trading environment across most of its regions in 2014.
Vodafone was also in the red after revealing it paid out £1.9bn on licences in India. The telecoms giant acquired spectrum licences in 11 telecom circles in the government's 900 megahertz (MHz) and 1800 MHz spectrum auctions.
On the second tier index, copper miner Kazakhmys surged today, extending gains made earlier this week after the Kazakh government devalued its local currency which investors hope will lead to lower costs for the firm.
Shares of Essar Energy rocketed after the company announced that all main units have resumed operation at its UK refinery.
FTSE 100 - Risers
Fresnillo (FRES) 971.50p +5.31%
Mondi (MNDI) 1,028.00p +4.95%
Petrofac Ltd. (PFC) 1,317.00p +4.11%
Antofagasta (ANTO) 938.50p +3.64%
Shire Plc (SHP) 3,219.00p +2.45%
Melrose Industries (MRO) 311.50p +2.00%
Randgold Resources Ltd. (RRS) 4,774.00p +1.86%
Glencore Xstrata (GLEN) 338.10p +1.82%
Capita (CPI) 1,050.00p +1.65%
Bunzl (BNZL) 1,453.00p +1.54%
FTSE 100 - Fallers
Coca-Cola HBC AG (CDI) (CCH) 1,553.00p -2.27%
Imperial Tobacco Group (IMT) 2,300.00p -2.17%
Sainsbury (J) (SBRY) 345.20p -1.93%
Rolls-Royce Holdings (RR.) 1,025.00p -1.91%
RSA Insurance Group (RSA) 95.85p -1.74%
Aberdeen Asset Management (ADN) 401.40p -1.67%
Vodafone Group (VOD) 218.40p -1.38%
ITV (ITV) 206.20p -1.34%
Barclays (BARC) 253.00p -1.33%
Lloyds Banking Group (LLOY) 80.45p -1.07%
FTSE 250 - Risers
Kazakhmys (KAZ) 233.90p +13.38%
Essar Energy (ESSR) 66.00p +10.00%
Diploma (DPLM) 747.00p +6.71%
Kenmare Resources (KMR) 16.90p +5.96%
Hikma Pharmaceuticals (HIK) 1,303.00p +4.74%
Rotork (ROR) 2,674.00p +4.21%
Euromoney Institutional Investor (ERM) 1,337.00p +3.88%
Polymetal International (POLY) 657.50p +3.30%
Centamin (DI) (CEY) 51.65p +2.79%
Ladbrokes (LAD) 149.70p +2.75%
FTSE 250 - Fallers
Home Retail Group (HOME) 182.00p -2.67%
Rightmove (RMV) 2,717.00p -2.16%
Riverstone Energy Limited (RSE) 910.00p -2.15%
Catlin Group Ltd. (CGL) 550.50p -2.13%
Debenhams (DEB) 74.40p -2.04%
JD Sports Fashion (JD.) 1,407.00p -1.95%
Enterprise Inns (ETI) 151.00p -1.82%
Bwin.party Digital Entertainment (BPTY) 110.30p -1.61%
Homeserve (HSV) 329.40p -1.47%
Britvic (BVIC) 723.50p -1.36%