FTSE 100 Rises to Record High
2025-10-28 14:50
By
Agna Gabriel
1 min. read
The FTSE 100 climbed more than 0.5% to a new record high on Tuesday, supported by strong gains in banks, miners, and defence stocks.
HSBC led the rally with a rise of over 4% after posting stronger-than-expected third-quarter results and raising its profitability outlook.
Rolls-Royce and BAE Systems also advanced, up more than 2% and 1% respectively, as demand for aerospace and defence stocks remained firm.
Among miners, Anglo American gained over 2% after reaffirming its annual copper production target and reporting progress on plans to separate its De Beers diamond division.
Glencore, Fresnillo, Endeavour, and Antofagasta also gained 1%-1.5%.
Airtel Africa topped the index, soaring more than 13% after a sharp increase in first-half earnings.
A weaker pound added further support, boosting exporter-heavy stocks.
Meanwhile, fresh data from the BRC showed UK food bills falling at the fastest pace in nearly five years, reinforcing expectations of upcoming Bank of England rate cuts.