StockMarketWire.com - The FTSE 100 enjoyed a strong performance thanks to a bounce back in the mining sector.

Antofagasta was among the top performers, rising 1.4% to 991.4p and Glencore added 1.2% to 327.2p.

There was also good news from miner BHP Billiton following its decision to sell its interest in US oil and gas assets to BP for $10.8bn. The market approved of the move, marking the stock 3.2% higher to £17.26.

Around midday, the blue-chip traded 0.5% higher at 7,705.

Brent crude oil dipped 0.2% to $74.40 per barrel.

Shares in Rightmove reversed 2.6% to £49.59 despite rising profits and sales as investors focused on slow membership growth, prompting competition concerns.

Car dealership group Inchcape fell 5.8% to 738p on a 15.6% decline in pre-tax profit in the six months to 30 June amid challenges in its retail market.

Telecoms firm BT revealed a rise in first quarter profit, sparking share price gains of 4% to 233.7p.

Nurofen owner Reckitt Benckiser rallied 8.3% to £68.38 after hiking its sales guidance thanks to a robust performance from its infant formula business.

Technology outsourcing business Equiniti announced full year earnings would hit the top end of market expectations, pushing the shares 11.5% higher to 232p.

Publisher Pearson moved back into profitability, driven by asset sales and cost cutting, helping the shares increase 3.5% to 956.4p.


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