UK Stocks Recover

2026-10-09 08:01 By Luisa Carvalho 1 min. read

The UK's FTSE 100 rose 0.9% on Friday, halting a two-day decline, led by software and mining stocks, while softer oil prices and some stabilization in bond yields calmed investors.

Trump's remarks that the US would not attack Iran before next month's midterm elections, describing talks with Tehran as "productive", helped ease geopolitical concerns.

Sage Group and RELX led the gains, rising 4% and 3.2%, respectively.

Mining stocks also advanced strongly, with Antofagasta and Fresnillo gaining more than 3% each, supported by firm prices of copper, silver and gold.

Tesco (+2.8%) gained following positive reactions from Deutsche Bank and Jefferies to its interim results, published a day earlier, which showed a 6.5% rise in profits and an improved annual outlook.

Vodafone Group and Airtel Africa were the laggards, falling 3.8% and 3.4%, respectively, mirroring the broader sector decline across the European telecom sector.

For the week, the index was set to gain about 0.7%.



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UK Stocks Recover
The UK's FTSE 100 rose 0.9% on Friday, halting a two-day decline, led by software and mining stocks, while softer oil prices and some stabilization in bond yields calmed investors. Trump's remarks that the US would not attack Iran before next month's midterm elections, describing talks with Tehran as "productive", helped ease geopolitical concerns. Sage Group and RELX led the gains, rising 4% and 3.2%, respectively. Mining stocks also advanced strongly, with Antofagasta and Fresnillo gaining more than 3% each, supported by firm prices of copper, silver and gold. Tesco (+2.8%) gained following positive reactions from Deutsche Bank and Jefferies to its interim results, published a day earlier, which showed a 6.5% rise in profits and an improved annual outlook. Vodafone Group and Airtel Africa were the laggards, falling 3.8% and 3.4%, respectively, mirroring the broader sector decline across the European telecom sector. For the week, the index was set to gain about 0.7%.
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The FTSE 100 Index is picking up 80 points or 0.77 percent on Friday. Gains are led by Fresnillo (3.27%), The Sage Group (3.16%) and Relx (3.08%). Biggest losers are Vodafone (-3.26%), Airtel Africa (-1.97%) and BT (-1.68%).
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