Banks and miners lead FTSE gains

clock

The FTSE 100 has opened more than 2% higher in early trading with miners and banks seeing double digit percentage gains this morning.

At 8:30am, London's blue chip index was up 87.61 points, or 2.06%, to 4,330.83. Eurasian Natural Resources made the biggest increase, gaining 16.94% to sit at 725p, while Kazakhmys trailed close behind, soaring 15.68% to 682.50p. In the banking sector, both Royal Bank of Scotland and Lloyds Banking Group were among the top winners. The former rose 14.77% to 50.50p - while Lloyds meanwhile gained an impressive 11.04%, rising to 121.70p. Market falls were minimal with the biggest loser, Scottish and Southern Energy, slipping 1.63% to £10.87. It was followed by GlaxoSmithKline, down 1.55...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

OBR independence 'a major advantage' for UK economy

OBR independence 'a major advantage' for UK economy

Treasury Committee hearing

Alex Sebastian
clock 20 May 2026 • 4 min read
Bank of England warns of future rate uncertainty after vote to hold at 3.75%

Bank of England warns of future rate uncertainty after vote to hold at 3.75%

One vote to hike rates

Michael Nelson
clock 30 April 2026 • 2 min read
Navigating an uncertain environment: Applying a disciplined, data-driven approach

Navigating an uncertain environment: Applying a disciplined, data-driven approach

'​Looking ahead, the fundamental case remains constructive'

Fahad Hassan
clock 28 April 2026 • 2 min read