14.01.202608:29:18UTC+00FTSE 100 Rebounds to Near Record High

The FTSE 100 index advanced on Wednesday, nearing its record highs above 10,160, bolstered by significant gains in mining stocks amid surging metal prices. Notably, Endeavour rose nearly 3% and Fresnillo over 2%, buoyed by strong performances in the gold and silver markets. Similarly, Glencore saw an increase of approximately 1.5% as base metal prices firmed. Additionally, AstraZeneca added over 1%, further contributing to the index's upward momentum. Conversely, oil giants Shell and BP lagged, with BP revealing $4–5 billion in impairment charges, primarily linked to its natural gas and renewable energy ventures, as the company shifts its focus back to oil and gas. Vistry Group saw a decline of more than 4%, despite assurances that its 2025 profit projections remain on track, citing ongoing market uncertainties and deal delays. Pearson shares dropped over 3%, even after reaffirming its profit outlook, as robust operational performance failed to invigorate investor interest.