Britain's FTSE 100 index was flat by mid-session on Wednesday as gains in mining stocks, buoyed by BHP Billiton's results, were offset by concerns over interest rates ahead of a key Bank of England meeting.
BHP Billiton, the world's biggest miner, was the biggest gainer, up 4.1 percent after it announced a 41 percent jump in first-half profit and earmarked an extra $10 billion for share buybacks.
Fellow miners also rose, with Vedanta Resources up 2.3 percent, Kazakhmys tacking on 0.5 percent, Anglo American rising 1 percent and Xstrata adding 0.5 percent.
Read more at Reuters South Africa
Wednesday, February 7, 2007
FTSE flat ahead of BoE rate decision, miners up
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