Home StocksWorld FTSE 100 gains as Experian, Anglo American move Higher

FTSE 100 gains as Experian, Anglo American move Higher

by Yomna Yasser

U.K. stocks rose Wednesday, with Anglo American PLC climbing following a production update from the mining heavyweight.

The FTSE 100 UKX, -0.23% rose 0.3% to 6,829.97, winning back a portion of Tuesday’s 0.6% loss that broke the benchmark’s eight session win streak.

Experian   EXPN, +3.88% shares were the best performing on the FTSE 100, rising 3.5% after the credit-checking services company said it plans to buy back $600 million in shares over the next 14 months in an effort to return capital to shareholders.

Anglo American AAL, +1.24% shares rose 1.7% as the diversified mining as part of its update posted a 16% rise in iron ore production in the fourth quarter. But the company also warned that it’s set to incur noncash impairment charges in full-year results stemming from the drop in commodity prices.

But Johnson Matthey PLC JMAT, -6.61% sat at the bottom of the benchmark, losing 5.6%. The maker of catalysts for auto exhausts said it expects full-year results to be in line with expectations.

Source: MarketWatch

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