financetom
Business
financetom
/
Business
/
FTSE 100 closes higher on a boost from energy, mining stocks; Anglo American soars
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
FTSE 100 closes higher on a boost from energy, mining stocks; Anglo American soars
Sep 9, 2025 9:59 AM

*

FTSE 100 up 0.2%, FTSE 250 down 0.4%

*

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

Teck

*

Burberry ( BBRYF ) falls on cautious comments at luxury conference

(Updates after market close)

Sept 9 (Reuters) - Britain's FTSE 100 closed higher on

Tuesday, boosted by energy and industrial mining stocks, as

Anglo American jumped on a merger deal.

The blue-chip FTSE 100 closed up 0.2%. The

domestically focussed mid-cap index ended 0.4% lower,

weighed down by consumer discretionary stocks.

Industrial miners rose 2.7%, led by Anglo

American, which rose 9.1%, 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.

"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."

Energy stocks advanced, tracking higher oil

prices after an Israeli attack on the Hamas leadership in Qatar.

Shell rose 1%, while BP advanced 1.3%.

Bank stocks also rose, with top lenders

NatWest ( NWG ) and Barclays ( BCS ) among the top performers

on the benchmark index.

On the flip side, personal goods stocks lost

6.7%, with Burberry ( BBRYF ) falling 8.3% on cautious comments

at a luxury conference.

The homebuilders' index also fell, with

Berkeley down 1.8%, while Vistry fell 4.6%.

Though a survey showed British shoppers spent more in

August, helped by summer weather, retail stocks

declined 1.7%, dragged down by Dunelm ( DNEMF ), which fell 9.9%

to the bottom of the mid-cap index after it cautioned that it

had yet to see signs of sustained recovery in consumer demand.

Other retailers, such as JD Sports Fashion and Howden

Joinery ( HWDJF ), also fell.

Among other moves, the London Stock Exchange Group ( LDNXF )

fell 4.7% to the bottom of the FTSE 100. Unilever ( UL ) was

down 1.5%.

Computacenter gained 3.8% after flagging a strong

start to the third quarter.

Insurer Phoenix Group ( PNXGF ) was up 1.8%, 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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
PPL Plans to Reaffirm 2024 Earnings Outlook
PPL Plans to Reaffirm 2024 Earnings Outlook
May 3, 2024
11:43 AM EDT, 05/03/2024 (MT Newswires) -- PPL (PPL) said in a regulatory filing Friday its management expects to reaffirm its outlook for 2024 earnings from ongoing operations of $1.63 to $1.75 a share at meetings with analysts and investors. Analysts polled by Capital IQ expect normalized EPS of $1.71. Price: 27.87, Change: -0.05, Percent Change: -0.18 ...
Tandem Diabetes Care Shares Rise After Q1 Net Loss Shrinks, Sales Rise; Q2, 2024 Sales Guidance Set
Tandem Diabetes Care Shares Rise After Q1 Net Loss Shrinks, Sales Rise; Q2, 2024 Sales Guidance Set
May 3, 2024
11:45 AM EDT, 05/03/2024 (MT Newswires) -- Tandem Diabetes Care ( TNDM ) shares surged nearly 22% in recent Friday trading, a day after the company reported Q1 sales that exceeded market expectations. The company reported Q1 net loss Thursday of $0.65 per diluted share, narrowing from $1.92 a year earlier. Analysts polled by Capital IQ expected a loss of...
Why SaaS Company Conduent's Shares Are Surging Today
Why SaaS Company Conduent's Shares Are Surging Today
May 3, 2024
Conduent Inc ( CNDT ) shares are trading higher after the company signed an agreement to sell its Casualty Claims Solutions business to MedRisk. MedRisk is a managed care organization dedicated to the physical rehabilitation of workers’ compensation patients. The $240 million cash deal includes Conduent’s workers’ compensation and auto casualty bill review solutions. It also includes the processing of medical bills and clinical services, and its portfolio of Strataware bill review software products. In 2023,...
Monolithic Power Systems Insider Sold Shares Worth $1,658,215, According to a Recent SEC Filing
Monolithic Power Systems Insider Sold Shares Worth $1,658,215, According to a Recent SEC Filing
May 3, 2024
11:47 AM EDT, 05/03/2024 (MT Newswires) -- Theodore Blegen, Executive Vice President and CFO, on May 01, 2024, sold 2,500 shares in Monolithic Power Systems ( MPWR ) for $1,658,215. Following the Form 4 filing with the SEC, Blegen has control over a total of 86,385 shares of the company, with 75,723 shares held directly and 10,662 controlled indirectly. SEC...
Copyright 2023-2026 - www.financetom.com All Rights Reserved