FTSE 100 gains as Experian, Anglo American move Higher

By Yomna Yasser On Jan 28, 2015

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