FTSE starts September on the back foot as miners weigh; Rightmove soars - Market Report

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London's FTSE 100 opened just off the mark as mining companies weighed early on in the first trading day of September. Rio Tinto, Antofagasta and Anglo American were among those under pressure as the market opened as suppressed iron ore and lower copper prices continued to weigh. Rightmove soared in the meantime as news broke Australian-listed REA Group was considering a possible takeover offer for the property portal, sending shares up 25%. Elsewhere, Vertu Motors was among those reporting on Monday, with shares falling as the car retailer reiterated that conditions across the market remained subdued. Finally, Ashtead Technology slumped early on after its report showed a dip in adjusted half-year profit margins despite soaring revenue growth. #ProactiveInvestors #marketreport #ftse #ftse100 #footsie #riotinto #angloamerican #antofagasta #vertumotors #ashtead #reagroup #rightmove #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

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