FTSE 100 Approaches Record High

2026-07-29 16:13 By Agna Gabriel 1 min. read

The FTSE 100 rose 0.3% to 10,908 on Wednesday, approaching a record high seen on February 27.

Rio Tinto gained around 1.3% after reporting a sharp rise in second-quarter profit and outlining plans to further reduce costs and strengthen cash generation.

Standard Chartered advanced 3.8% as the bank posted better-than-expected quarterly earnings and announced a new share buyback.

Reckitt was among the top performers, surging 4.3% after quarterly sales exceeded forecasts, following similarly upbeat results from Unilever.

Glencore also rose more than 2% after forecasting first-half marketing earnings of roughly $3.3 billion.

Oil majors BP and Shell rose 3.4% and 2.8%, respectively, as Brent crude rebounded amid renewed geopolitical tensions.

Meanwhile, Aberdeen Group fell more than 4% on weaker first-half fund flows, while St James’s Place slipped 2.3% despite reporting stronger-than-expected assets under management and continued client inflows.



News Stream
FTSE 100 Approaches Record High
The FTSE 100 rose 0.3% to 10,908 on Wednesday, approaching a record high seen on February 27. Rio Tinto gained around 1.3% after reporting a sharp rise in second-quarter profit and outlining plans to further reduce costs and strengthen cash generation. Standard Chartered advanced 3.8% as the bank posted better-than-expected quarterly earnings and announced a new share buyback. Reckitt was among the top performers, surging 4.3% after quarterly sales exceeded forecasts, following similarly upbeat results from Unilever. Glencore also rose more than 2% after forecasting first-half marketing earnings of roughly $3.3 billion. Oil majors BP and Shell rose 3.4% and 2.8%, respectively, as Brent crude rebounded amid renewed geopolitical tensions. Meanwhile, Aberdeen Group fell more than 4% on weaker first-half fund flows, while St James’s Place slipped 2.3% despite reporting stronger-than-expected assets under management and continued client inflows.
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