FTSE 100 Rebounds Led by Banks, Miners

2026-05-13 07:41 By Agna Gabriel 1 min. read

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.



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FTSE 100 Rebounds Led by Banks, Miners
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.
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