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FTSE 100 lifted by miners rally; mid-cap index scales first record high since 2021
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FTSE 100 lifted by miners rally; mid-cap index scales first record high since 2021
Aug 4, 2026 9:38 AM

* FTSE 100 rises 0.2%, FTSE 250 climbs 1%

* BP reports Q2 profit more than doubles to $5.73 billion

* Metal miners rally as copper prices touch two-month highs

(Updates to closing prices)

Aug 4 (Reuters) - London's FTSE 100 rose on Tuesday, as

gains in metal miners helped offset a slide in energy shares,

while the mid-cap index climbed to a record high for the first

time in nearly five years.

The FTSE 100 index climbed 0.2% to 10,879.38 points,

while the mid-cap FTSE 250 index gained 0.97% to

24,459.30.

* Industrial metal miners such as Antofagasta ( ANFGF ) and

Anglo American advanced 6.85% and 5.45%, respectively,

as copper prices touched two-month highs, supported by falling

inventories.

* London-listed shares of Fresnillo jumped 5.2% after the

precious metals miner reported higher revenue in the first half

of the year.

* Energy index fell the most, down 3.19% as

Brent crude fell 5.34% to $79.30 a barrel on hopes of a

U.S.-Iran deal that could reopen the Strait of Hormuz.

* BP fell 4.91% and Shell lost 2.47%. BP

reported second-quarter profit that more than doubled to $5.73

billion and beat analysts' forecasts, but its shares came under

pressure as oil prices slumped.

* HSBC ( HSBC ) dipped 0.8%, having hit a record high

earlier in the session, after the bank raised its net interest

income target for this year.

* The FTSE 100 is rebounding after three sessions of

declines, and held below a record high hit last week.

* Broader sentiment was supported by upbeat U.S. earnings.

The S&P 500 and the Dow hit record highs after strong forecasts

from Caterpillar and Palantir reassured investors about

AI-driven demand.

* Among other movers, Travis Perkins jumped 18.4%

after the building materials supplier reported higher first-half

profit, helped by price increases and cost-cutting measures. It

was the top gainer in the FTSE 250 index.

* Segro ( SEGXF ) gained 0.8% after the British warehouse

landlord accepted a takeover bid by rival U.S. logistics firm

Prologis ( PLD ) in a deal worth up to £14.3 billion ($19.19

billion).

* Smith+Nephew was the top FTSE 100 loser, down 6.3%

after the medical products maker lowered its revenue growth

forecast.

(Reporting by Sruthi Shankar and Medha Singh in Bengaluru ;

Editing by Sonia Cheema and Joyjeet Das)

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