Newsroom

Reuters: London's FTSE 100 rises on mining boost; Reckitt Benckiser up

Reuters
Written by
Reuters
Published Aug 23, 2023

Important information - investing for longer increases the likelihood of positive returns. Over a period of five years or more, investments usually give you a higher return compared to cash savings. But investments can go down as well as up in value, so you could get back less than you put in. This isn't personal advice. If you’re not sure what's right for you, ask for advice.

UK's FTSE 100 opened higher on Wednesday, helped by mining stocks on the back of gains in metal and gold prices, while Reckitt Benckiser rose after the company said its chief financial officer would retire next year.

This article is more than 2 years old

It was correct at the time of publishing. Our views and any references to tax, investment, and pension rules may have changed since then.

The exporter-heavy FTSE 100 was up 0.4% in early trade, while mid-cap stocks were up 0.3%.

Industrial metal miners rose 1%, leading sectoral gains on the back of higher base metal prices.

Shares of personal care, drug and grocery store companies recovered after a sell-off in the previous session, rising 0.5%, helped by a 0.4% gain in Reckitt Benckiser .

Reckitt Benckiser said Chief Financial Officer Jeff Carr would retire in March 2024 and be replaced by Nike's Shannon Eisenhardt.

This article was from Reuters and was legally licensed through the DiveMarketplace by Industry Dive. Please direct all licensing questions to legal@industrydive.com.