Randgold Resources Tops Market, Sending U.K. Shares Higher
U.K. shares rose on Monday, pushed higher by shares of West African gold producer Randgold Resources Ltd. which had reported a sharp jump in fourth-quarter net profit.
The benchmark FTSE 100 added 0.24% to trade at 7201.31 in early hours with gains led by shares of miners.
Randgold Resources on Monday said that net profit for the three months ended December 31 soared 76% to $78.5 million, compared with $44.6 million in the same period a year earlier. Revenue also made a break, jumping 31% year-over-year to reach $356.4 million last quarter.
Other miners including Fresnillo PLC, Anglo American PLC, Glencore PLC and Antofagasta PLC also witnessed an increase in share prices.
Shares of Dixons Carphone topped the list of decliners, losing more than 2%.
Buy Stop at 7204.00, Take profit 7220.00, Stop loss at 7196