FTSE 100 Rises on Tuesday
2026-05-26 11:57
By
Agna Gabriel
1 min. read
UK equities are outperforming on a broadly negative European session, with the FTSE 100 supported by strong gains in banks and mining stocks, partly reflecting a catch up move after the Bank Holiday.
Banks advanced across the board, with HSBC up 1.1%, Lloyds Banking Group 1.8%, Barclays 2.4%, NatWest 2.1% and Standard Chartered 1.4%.
Mining shares also rallied, with Rio Tinto rising 1.7%, Glencore 2%, Anglo American 1.6%, Antofagasta 1.9% and Endeavour Mining 2.7%.
Kingfisher was a standout performer, jumping as much as 8.3% after a trading update.
In contrast, energy majors weighed on the index, with Shell and BP among the biggest drags, as BP fell more than 4% following news that chair Albert Manifold was removed immediately after governance and conduct concerns were raised by the board.
Economic data showed UK shop price inflation rose to 1.2% year on year in May according to the British Retail Consortium, while food inflation eased slightly to 2.7%.