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FTSE 100 ticks higher on a boost from miners; Anglo American soars
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FTSE 100 ticks higher on a boost from miners; Anglo American soars
Sep 9, 2025 3:12 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

*

FTSE 100 up 0.1%, FTSE 250 flat

*

Anglo American jumps on $53 bln merger deal with Canada's

Teck

*

Computacenter rises on flagging strong start to Q3

Sept 9 (Reuters) -

Britain's FTSE 100 edged up higher on Tuesday as industrial

miners advanced after Anglo American jumped on a merger deal.

The blue-chip FTSE 100 edged up 0.1% by 0927

GMT, while the domestically focussed mid-cap index was

flat.

Industrial miners rose 3.2%, led by Anglo

American, that rose 9.9%, to top the FTSE 100, after the

miner said it has agreed to merge with Canada's Teck Resources ( TECK )

in a $53 billion deal to form a newly combined

company Anglo Teck.

"Despite the uncertainties around whether the Teck takeover

will truly generate value for the company and investors...the

deal is a win for the UK stock market as the enlarged Anglo Teck

group will have its primary listing in London," said Russ Mould,

investment director at AJ Bell.

"Anglo clearly believes the UK works well as a listing venue

and that sends a positive message to other businesses undergoing

M&A."

Precious metal miners rose for a third day,

tracking higher gold. Endeavour Mining ( EDVMF ) added 2.1%, while

Hochschild Mining rose 1.3%.

The real estate sector also advanced, with Segro ( SEGXF )

up 1.7%.

On the flip side, Aerospace and defence companies

led sectoral declines with Rolls-Royce

down 1.4%, while BAE Systems fell 1.1%.

Other industrials stocks such as Spirax ( SPXSF ) and Experian ( EXPGF )

also declined.

Among other moves, homeware retailer Dunelm ( DNEMF ) fell

8.3%, to the bottom of the mid-cap index, after it cautioned

that it has yet to see signs of sustained recovery in consumer

demand.

Gamma Communications ( GAMCF ) rose 5.8%, to top the mide-cap

index, on strong first-half revenue growth.

Technology and services provider Computacenter

gained 2.5% on flagging strong start to third-quarter.

Insurer Phoenix Group ( PNXGF ) was up 2.3% following a 7.6%

decline in the previous session when it said it would rebrand as

Standard Life in March 2026, and reported a larger-than-expected

drop in book value due to market moves.

Meanwhile, a survey showed British shoppers spent more in

August, helped by summer weather.

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