FX.co ★ FTSE 100 Hits New Record

On Wednesday, the FTSE 100 rose by 0.5%, reaching a new record high of 10,184, driven by robust performances in the mining, energy, and healthcare sectors. Mining stocks were buoyed by increases in gold, silver, and copper prices, resulting in sector-wide strength. Notably, Glencore saw an increase of nearly 3%, while Rio Tinto advanced by 1.9%. BP's shares also increased by approximately 1.2%, despite the company's warning of $4–5 billion in impairment charges related to its gas and low-carbon ventures, as the uptick in oil prices mitigated investor concerns. Additionally, Shell gained 0.6%, AstraZeneca rose by 1.8%, and GSK increased by 0.7%. Conversely, Pearson's shares fell almost 9%, as investors remained unimpressed by its solid operational performance following profit guidance confirmation. Similarly, Vistry Group's shares declined more than 8.5%, despite its projection that 2025 profits would meet expectations, amid concerns over market uncertainty and postponed transactions.