The FTSE 100 Index Opens 0.82% Higher

The FTSE 100 rose 0.8% on Wednesday, recovering from a 0.2% on Tuesday as banks and miners led gains. Banking shares rebounded after recent pressure linked to speculation over potential tax changes under a possible left-leaning challenge to Prime Minister Keir Starmer. HSBC gained more than 1%, while Lloyds, Barclays, NatWest and Standard Chartered advanced between 1% and 2%. Mining stocks also rallied as copper extended its winning streak to eight sessions, with aluminium, nickel and iron ore prices also moving higher. Rio Tinto climbed 4%, Anglo American rose 4.3%, Glencore gained 3.1% and Antofagasta surged more than 5%. Babcock International added over 1.5% after announcing a new £200 million buyback alongside stronger annual revenue supported by its nuclear and aviation businesses. On the downside, Vistry Group dropped around 6% after warning profits would be significantly lower due to rising discounts on home sales and slower activity in its partnerships division.

The FTSE 100 Index is picking up 84 points or 0.82 percent on Wednesday. Gains are led by Intertek (7.08%), Antofagasta (5.34%) and Fresnillo (4.73%). Biggest losers are Vistry Group (-5.77%), Entain (-2.73%) and B&M European Value (-1.58%).

The FTSE 100 Index fell 22 points or 0.22 percent on Tuesday to close at 10247 points. Leading the losses are Vodafone (-7.77%), Marks & Spencer (-5.43%) and 3i (-4.65%). Top gainers were Intertek (6.88%), British American Tobacco (5.82%) and London Stock Exchange (3.37%).