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

Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read
Chancellor Khalaf has a plan to make our economy boom

Chancellor Khalaf has a plan to make our economy boom

'So, Sir Keir, if you're reading, I do genuinely hope Rachel is doing okay. And my number's still the same. So, you know, call me'

Laith Khalaf
clock 25 July 2025 • 5 min read