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British stocks inch higher as China stimulus hopes buoy miners
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British stocks inch higher as China stimulus hopes buoy miners
Jul 21, 2025 3:03 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 up 0.3%

*

BP appoints Albert Manifold as chairman

*

Miners rise on China stimulus hopes

By Sukriti Gupta

July 21 (Reuters) - London's main stock indexes nudged

higher on Monday, supported by industrial metal mining stocks

that jumped on hopes of a stimulus from the world's largest

commodity consumer, China.

The internationally-oriented FTSE 100 was up 0.1% as

of 0929 GMT, after logging its fourth straight week of gains on

Friday, while the domestically-oriented midcap FTSE 250 index

rose 0.3%.

The blue-chip index had surged to all-time highs last week

as investors took comfort in a relatively U.S. tariff-shielded

market, higher commodity prices and hopes of a Bank of England

rate cut.

On the day, the UK industrial metal mining stocks index

led sectoral gains with a 3.3% rise, tracking a

rise in metal prices after China vowed to stabilise its

industrial growth, and on hopes for more stimulus from the

world's largest commodity consumer.

Miners Glencore ( GLCNF ) gained 3.7%, Anglo American

rose 3.5%, Antofagasta ( ANFGF ) advanced 3.3%, and Rio Tinto

up 2.8%.

Banks and financial services were down 0.3%,

with Standard Chartered ( SCBFF ) losing 0.9%, while Barclays ( BCS )

fell 0.6%.

The Bank of England has asked some lenders to test their

resilience to potential U.S. dollar shocks, three sources told

Reuters.

Aerospace and defence index lost 1.1%, led by

a 2.1% fall in BAE Systems.

The UK's personal goods index lost 1.6%,

dragged down by Burberry ( BBRYF ) that lost 1.9% after surging

to a near 17-month high on Friday.

Meanwhile, a Deloitte survey showed British consumer

sentiment had a marked fall for the first time in nearly three

years last month, reflecting increased worries about job

security.

Property site Rightmove said that asking prices for newly

advertised British houses and apartments recorded their biggest

July fall in more than 20 years this month.

In corporate updates, BP named Albert Manifold, the

former boss of building materials producer CRH, as its

new chairman on Monday.

The Financial Times reported on Sunday that London Stock

Exchange Group ( LDNXF ) is weighing whether to launch 24-hour

trading and is looking into the practicalities of increasing its

trading hours.

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