FTSE 100 fights back as miners rebound

By Rachel Cooper Published: 12:48PM GMT twenty-six February 2010

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FTSE 100

Serco Group

Lloyds Banking Group

Kazakhmys

Vodafone Group

Despite a �6.3bn loss from Lloyds Banking Group and a burst in bad debts unsatisfactory the market, heading the bank down some-more than 5pc, the trip was countered by a expansive Serco.

The group, that runs prisons in Australia, air trade carry out towers in the United States and yank boats for Britain"s Royal Navy, was heading the blue-chip leaderboard all morning, up some-more than 6pc. The surge came after the association posted a 30pc climb in increase and likely that 2010 will move some-more expansion as supervision outsources some-more services.

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After a resigned couple of days, miners were behind on the climb after copper, nickel and zinc all rose in London on the behind of a weaker dollar and stronger Japanese industrial production. Kazakhmys, Rio Tinto and Vedanta Resources rose 2.75pc, 2.72pc and 3.29pc respectively.

Languishing to one side Lloyds on the loserboard was Royal Bank of Scotland, descending behind from yesterdays highs to trip around 1.7pc.

Large-cap heavyweight Vodafone, additionally forsaken back, losing around 1pc yesterday morning.

Among the second-liners, Rightmove charged up some-more than 8pc after the skill website posted a clever set of results, increased by estate representative spend.

At the alternative finish of the list was Colt Telecom , that sank some-more than 5pc, after not arising a division notwithstanding a climb in earnings.