Aston Martin jumps after saying profitability to improve
Rio Tinto, Glencore top gainers amongst miners
Homebuilders down after Persimmon results
FTSE 100 up 0.5, FTSE 250 adds 0.1

March 1 Reuters UK39;s FTSE 100 rose on Wednesday, with miners leading the gains as commodity prices surged after data showed manufacturing activity at top metals consumer China expanded at the fastest pace in over a decade.

The bluechip FTSE 100 gained 0.5, bouncing from its biggest singleday drop in nearly four weeks in the previous session.

The industrial metal miners index surged 3.7, set to record its best day since early November.

Metal prices rose after China39;s manufacturing activity expanded, smashing market expectations after production zoomed following the lifting of COVID19 restrictions last year.

If you look back to midJanuary, you39;ve seen a steady decline in mining stocks, said Christopher Peters, trading floor manager at Accendo Markets in London. Some good news and positive data coming out of China today should be boosting the miners.

Energy majors Shell and BP also gained ground, rising about 1 each on higher oil prices.

Reckitt Benckiser gained 0.5 after the Dettol and Lysol cleaning products maker beat fullyear likeforlike net revenue expectations.

Persimmon dropped 9.5 to the bottom of the FTSE 100 after the homebuilder warned of lower profit for 2023 and cut its annual dividend by 75.

Peers Barratt Developments, Taylor Wimpey also declined, taking the…