FTSE 100 gains as mining stocks boosted by gold rebound

The FTSE 100 roseate connected Monday with gains among commodity stocks helping it outperform its European counterparts.

London’s blue-chip scale roseate 45.71 points, oregon 0.57%, to extremity the time astatine 8,109.32.

Among the apical gainers were miners including Endeavour, Anglo American and Fresnillo, amid an summation successful golden bullion prices.

Melrose Industries led the risers aft GKN Aerospace, which it owns, posted a leap successful gross for the past 4 months.

Russ Mould, concern manager astatine AJ Bell, said: “Historically, Melrose bought up concern businesses and executed a buy, improve, merchantability exemplary – investors volition anticipation the ‘improve’ spot has been retained.”

At the extremity of the time successful Europe, Frankfurt’s Dax scale fell 0.11%, portion the Cac 40 successful Paris roseate 0.12%.

In New York a small portion aft markets had closed successful Europe the S&P 500 had gained 0.47%, portion the Dow Jones was 0.01% lower.

On currency markets the lb was trading 0.32% higher against the dollar astatine 1.2657 and had fallen 0.13% against the euro astatine 1.1962.

In institution news, it was reported that Shein is targeting a London banal marketplace interval aboriginal adjacent year.

The Chinese-founded accelerated manner steadfast is preparing to motorboat an archetypal nationalist offering (IPO) connected the London Stock Exchange successful the archetypal 4th of 2025, The Times reported.

The blockbuster interval is expected to worth the retail elephantine astatine astir £50 billion.

Meanwhile, commercialized existent property steadfast Segro confirmed that its planned takeover of warehouse steadfast Tritax EuroBox had collapsed.

It comes aft Canadian plus manager Brookfield outbid Segro successful a bid to bargain Tritax EuroBox.

Brookfield said past week that it volition nevertheless merchantability astir 470 cardinal euro (£392.5 million) of erstwhile Tritax spot assets to Segro.

On Monday, Segro said its all-share takeover woody for Tritax, which it agreed successful aboriginal September, “has lapsed”.

Segro shares fell 0.16% connected Monday.

Brent Crude Futures were up 2.87% to 73.08 US dollars astatine the adjacent of trading.

The biggest risers connected the FTSE 100 were Melrose Industries, up 37.1p to 526.6p, DCC, up 195p to 5595p, Endeavour Mining, up 53p to 1582p, Intermediate Capital, up 44p to 2042p, and BT, up 2.75p to 144.75p.

The biggest fallers were B&M European, down 30.5p to 347.9p, Vistry, down 39p to 660p, ConvaTec, down 9.2p to 239.6p, Land Securities, down 20.5p to 584.5p, and easyJet, down 12.4p to 524.4p.