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Pin to quick picksTaylor Wimpey Share News (TW.)

Share Price Information for Taylor Wimpey (TW.)

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Share Price: 133.70
Bid: 133.45
Ask: 133.55
Change: 3.15 (2.41%)
Spread: 0.10 (0.075%)
Open: 131.90
High: 133.80
Low: 131.40
Prev. Close: 130.55
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Britain's FTSE boosted by mining stocks

Mon, 06th Jun 2016 08:40

(ADVISORY- Reuters plans to replace intra-day European and UKstock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for moredetails)

* FTSE 100 up 0.7 pct

* Miners track metals prices higher

* Housebuilders hit by Brexit concerns

* Indivior falls on downgrade - trader

By Kit Rees

LONDON, June 6 (Reuters) - UK shares opened in positiveterritory on Monday, led by a rise in commodity-related stockswhich tracked metals prices higher, though housebuilders fell onconcerns surrounding Britain's June 23 referendum on itsmembership of the European Union.

The blue chip FTSE 100 index rose 0.7 percent to6,252.54 points by 0824 GMT, outperforming the broader Europeanmarket.

Mining stocks Anglo American, Rio Tinto, BHPBilliton, Antofagasta and Glencore allrallied between 4.2 percent to 7.2 percent after the price ofcopper hit a four-week high.

A falling dollar lent support to metals prices followingFriday's shock miss in May's U.S. jobs data, which could make itharder for the U.S. Federal Reserve to raise interest rates.

Britain's mining sector was up 4.9 percent, setfor its biggest daily gain in over a month.

"The mining companies will continue to trade from headlineto headline, and the latest headline is that it is a weakerdollar and stronger commodities, and that's really driving earlytrade," Jonathan Roy, advisory investment manager at CharlesHanover Investments, said.

Among the top fallers, however, British housebuilding stocksBerkeley Group, Persimmon, Barratt Developments and Talor Wimpey all fell between 1.4 percent to1.9 percent after two opinion polls showed that Britain's Outcampaign to leave the EU was in the lead.

Brexit-related concerns also weighed on thedomestically-focused FTSE 250, which was down 0.1percent.

"We're in the final stages of the Brexit debate now, andanything with a strong UK exposure is starting to come under abit of pressure from traders that are looking at stocks ... thatwill see significant downside if there is a vote to leave theEU," Charles Hanover Investments' Roy said.

Pharmaceuticals company Indivior fell over 10percent with a trader citing a broker downgrade on the stock.Indivior had risen over 36 percent on Friday after winning apatent ruling on its main product, heroin substitute SuboxaneFilm.

ADVISORY- Reuters plans to replace intra-day European and UKstock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). In a real-time, multimedia formatfrom 0600 London time through the 1630 closing bell, it willinclude the best of our market reporting, Stocks Buzz service,Eikon graphics, Reuters pictures, eye-catching research andmarket zeitgeist. Breaking news and dramatic market moves willcontinue to be alerted to all clients and we will continue toprovide a short opening story and comprehensive closing reports.

If you have any thoughts, suggestions orfeedback on this, please email mike.dolan@thomsonreuters.com.

Mike Dolan, Markets Editor EMEA. (Reporting by Kit Rees)

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