After an initial drop which made it look like the FTSE 100 would continue its downward journey for a second day, the index rallied, led by Just Eat and BHP. It came after the Anglo-Australian miner decided to become more Australian and less Anglo, shifting its dual-listed structure in a major revamp to how the business works. The decision was welcomed by investors, who sent BHP’s shares to the top of the FTSE 100 on Tuesday. The news could have wider ramifications for the London market – BHP is the world’s biggest miner and one of the biggest companies on the FTSE 100. The index is full of companies, like BHP, Rio Tinto and BP, which sell much of their products in dollars.

Source: Irish Independent August 17, 2021 16:18 UTC