FTSE 100 Rebounds to New Record High

2026-02-02 13:53 By Agna Gabriel 1 min. read

The FTSE 100 rose 1.2% to a fresh record above 10,340 on Monday, recovering from earlier losses as the selloff in metals prices eased and broader sentiment improved.

Defensive heavyweights led the rebound, with AstraZeneca up 3.2%, GSK rising 2.5%, British American Tobacco gaining 1.5%, and Unilever 1.1%.

Metals prices remained lower on the day but pared steep earlier declines, allowing miners to stabilize.

Rio Tinto and Anglo American finished more than 0.5% higher, while Glencore was flat.

Meanwhile, Endeavour, Fresnillo and Antofagasta recorded losses of 2.3%, 0.5% and 0.4%.

Beyond commodities, UK data supported the index, with Nationwide showing house prices rising 0.3% in January, business confidence hitting an eight-month high, and manufacturing activity continuing to expand.



News Stream
The FTSE 100 Index Closes 0.16% Lower
The FTSE 100 Index dropped 17 points or 0.16 percent on Tuesday to close at 10722 points. Losses were led by Admiral (-3.39%), BT (-3.24%) and BAE Systems (-2.55%). Offsetting the fall, top gainers were Kingfisher (12.23%), Smiths (7.80%) and JD Sports Fashion (6.79%).
2026-09-22
FTSE 100 Edges Down on Tuesday
The FTSE 100 fell on Tuesday after a volatile session, reversing Monday’s 0.8% gain as caution prevailed amid uncertainty over efforts to restore energy flows through the Strait of Hormuz. Brent crude hovered near $100 a barrel, while President Donald Trump said he expected the US to reach a deal with Iran after the election and noted that oil flows had increased since the conflict began, with prices likely to fall sharply once it ends. Banks weakened, with HSBC down 1.4%, Barclays 0.9% and Lloyds 1.1%, while defence stocks Rolls-Royce and BAE Systems fell 1.4% and 2.6%, respectively. On the other hand, Kingfisher surged 12% after raising profit guidance on strong momentum at Screwfix, Poland and Iberia. Smiths Group gained almost 8% on higher revenue and growth expectations at John Crane and Flex-Tek. Meanwhile, a CBI survey showed factory orders at their highest level since July 2023, while August government borrowing reached £18.3 billion, above expectations of £15.5 billion.
2026-09-22
FTSE 100 Edges Up as Oil Falls
The FTSE 100 attempted to extend its gains for a second session on Tuesday after rising 0.8% on Monday, as oil prices turned lower following a report that Iran could reopen the Strait of Hormuz if the US lifted its blockade of Iranian ports. Kingfisher led individual gainers, climbing more than 9% after raising its profit guidance on strong momentum at Screwfix and in Poland and Iberia. Smiths Group advanced around 6.5% after reporting higher revenue and highlighting expected second-half growth at John Crane, along with continued benefits from the data-centre boom at Flex-Tek. On the other hand, Shell and BP fell 1% and 2.4%, respectively. President Trump is due to address the UN General Assembly and may meet with Iran’s president. On the data front, a gauge of British factory orders rose this month to its highest level since July 2023, according to a CBI survey. Meanwhile, UK government borrowing reached £18.3 billion in August, above expectations of £15.5 billion.
2026-09-22