FTSE 100 Rises for 2nd Session, NEXT Rallies

2026-08-05 07:41 By Agna Gabriel 1 min. read

The FTSE 100 traded 0.4% higher on Wednesday, extending the previous session’s advance as optimism over a potential US-Iran agreement supported investor sentiment.

US President Donald Trump said talks with Iran were moving along very nicely and that more clarity could come within 48 hours, while Qatar announced that a proposal concerning the Strait of Hormuz had been drafted.

Corporate earnings also lifted the index.

Next surged around 7% after once again raising its full-year profit guidance.

Glencore gained more than 4% after reporting an 86% year-on-year increase in adjusted profit and announcing an $0.085-per-share special cash distribution alongside a $500 million share buyback.

Coca-Cola HBC climbed over 3% after reporting better-than-expected first-half sales and upgrading its full-year organic revenue growth outlook.

Legal & General edged higher after reporting results broadly in line with expectations, while HSBC fell more than 2% following its latest earnings release.



News Stream
FTSE 100 Rises for 2nd Session, NEXT Rallies
The FTSE 100 traded 0.4% higher on Wednesday, extending the previous session’s advance as optimism over a potential US-Iran agreement supported investor sentiment. US President Donald Trump said talks with Iran were moving along very nicely and that more clarity could come within 48 hours, while Qatar announced that a proposal concerning the Strait of Hormuz had been drafted. Corporate earnings also lifted the index. Next surged around 7% after once again raising its full-year profit guidance. Glencore gained more than 4% after reporting an 86% year-on-year increase in adjusted profit and announcing an $0.085-per-share special cash distribution alongside a $500 million share buyback. Coca-Cola HBC climbed over 3% after reporting better-than-expected first-half sales and upgrading its full-year organic revenue growth outlook. Legal & General edged higher after reporting results broadly in line with expectations, while HSBC fell more than 2% following its latest earnings release.
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