Published by Global Banking & Finance Review®
Posted on September 4, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleLondon stocks rose, led by consumer staples and banks. FTSE 100 gained 0.4%, with significant boosts from Currys and Tesco. Bank stocks also saw notable increases.
(Reuters) -London shares rose on Thursday, led by gains in consumer staples and bank stocks, while investors assessed corporate updates.
The blue-chip FTSE 100 closed up 0.4%, while the domestically focussed midcap index rose 0.8%.
Retail stocks were boosted by Currys' 15.6% rise after the electricals retailer said group sales rose 3% in the summer period (for the 17 weeks to the end of August) putting it on track to meet forecasts. Currys also launched a 50 million pound ($68 million) share buyback.
Other major retailers such as JD Sports Fashion, Frasers and Next also advanced.Consumer staples stocks rose, with Tesco up 1.8%.
Heavyweight bank stocks gained 1.2%, with NatWest up 1.5%, Barclays adding 2.2%, and Lloyds up 2.1%.
Around 3,000 Lloyds employees judged to be among the bottom 5% of performers will be considered for possible dismissal, a source familiar with the matter told Reuters.
Communication services stocks such as Airtel Africa and Auto Trader each added about 2.3%, while Rightmove advanced 2.9%.
Conversely, precious metal miners fell, tracking lower gold prices. Endeavour Mining down 1.7%, while Hochschild Mining fell 3.5%. [GOL/]
Industrial miners also declined, with Anglo American down 1.2%.
In other moves, low-cost airline and travel firm Jet2 lost 12.5% after forecasting lower profit. Peer EasyJet fell 4.2% to the bottom of the FTSE 100.
Animal genetics firm Genus rose 10.4% on strong annual profit growth and China joint venture acceleration.
Meanwhile, stability returned to bond markets following a rout earlier this week when concerns over Britain's finances and the government's ability to keep them under control briefly sent yields on 30-year British government bonds, or gilts, to their highest since 1998.
Investors, however, continue to speculate about tax rises that could dampen economic growth with Britain set to deliver its budget on November 26.
On the data-front, activity in Britain's construction sector slowed for the eighth month in a row in August, extending its longest downturn since 2020.
A BoE survey showed British firms reported a slight rise in the year-ahead inflation expectations.
Investors are awaiting July retail sales data due on Friday.
Stocks including Antofagasta and Admiral Group fell 2.3% and 1.5%, respectively, as they traded ex-dividend.
(Reporting by Sukriti Gupta in Bengaluru; Editing by Leroy Leo and Richard Chang)
London shares rose due to gains in consumer staples and bank stocks, with the FTSE 100 closing up 0.4%.
Heavyweight bank stocks gained 1.2%, with NatWest up 1.5%, Barclays adding 2.2%, and Lloyds up 2.1%.
Investors are speculating about potential tax rises that could dampen economic growth, especially with Britain's budget due on November 26.
Retail stocks were boosted by Currys' 15.6% rise, with other major retailers like JD Sports and Tesco also advancing.
Activity in Britain's construction sector slowed for the eighth consecutive month in August, marking its longest downturn since 2020.
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