UK's FTSE 100 gains as energy and miners rise
EWU•The FTSE 100 rose 0.3% to 10,786.78 points as higher oil and gold prices lifted energy and mining shares. The FTSE 250 also gained 0.3%.
1. Energy and miners lead
Britain’s FTSE 100 gained 0.3% by 1141 GMT on Wednesday, while the FTSE 250 climbed 0.3%. The energy sector rose 1.9% as oil prices rebounded, with BP up 2.7% and Shell adding 1.6%.
2. Economic outlook and stocks
Industrial metal miners gained nearly 2%, and precious metals miners rose 1.8% as gold rebounded 0.4%. A National Institute of Economic and Social Research forecast pointed to stronger UK growth in 2026 but said inflation may not return to the Bank of England’s 2% target until late 2030; traders priced in a 69% chance of a 25-basis-point rate hike in December. Spirax Group rose 2.4% after reporting sales growth and operating margins in line with expectations and ahead of the first half, while ITV fell 3.9% after forecasting a fourth-quarter advertising revenue decline of as much as 10%.
