Perth-based mining company Fortescue Metals Group (FMG) has posted a big jump in profit for the six months to December on the back of a surge in iron ore prices. FMG revealed its profit leapt to US$1.2 billion in the six months to the end of December. That was significantly higher than the profit of US$319 million recorded the same period .
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Also on a high is Macquarie Group - its share price of $84.39 is the best in a year.
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The London stock market is within sight of its all-time closing high after another surge in share prices on Tuesday. After drifting for much of the day, the FTSE 100 index of Britain's top companies made a late rally to close 48.24 points higher at 6803.87.
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