Finance
London stocks close flat as mining shares offset industrials weakness
Published by Global Banking & Finance Review®
Posted on January 26, 2026
2 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 26, 2026
2 min readLast updated: January 26, 2026
London stocks remain steady amid geopolitical concerns, with miners seeing gains. Industrial shares and travel stocks face pressure.
Jan 26 (Reuters) - London shares closed little changed on Monday as gains in mining and healthcare stocks offset weakness in industrial shares, with investors looking ahead to the U.S. Federal Reserve's policy decision later this week.
The blue-chip FTSE 100 index was almost flat, while the mid-cap index FTSE 250 rose 0.2%.
Industrial shares weighed most heavily on London markets, falling 1.6%, while travel and leisure stocks dropped 1.2%.
Budget carrier Wizz Air has sought U.S. approval to operate flights between the UK and the U.S., seeking to tap the lucrative transatlantic market. Its shares were down 1.4%.
The cautious tone reflects continued investor apprehension following last week's turmoil sparked by U.S. President Donald Trump's Greenland-linked tariff threats against Britain and other European nations.
While the threat has since been withdrawn, investors continue to weigh the long-term implications for global trade if tariffs become a standard bargaining tool.
On the bright side, precious metal miners hit record highs, gaining 5.4%, while industrial metal miners climbed 1.4%, buoyed by optimism over the broader commodities outlook and fresh peaks in precious metals prices.
Healthcare stocks also advanced 1.1%, with AstraZeneca and GSK rising more than 1% each.
Banking stocks traded 0.8% higher. HSBC and NatWest are set to follow their European rivals in lifting key profit targets when they report annual earnings in the coming weeks, according to people close to the matter.
On the economic front, Britain's economy has shown signs of recovery since finance minister Rachel Reeves' annual budget statement in November, following months of uncertainty for employers and households.
Investors were also focused on the Fed's policy decision later this week. While the U.S. central bank is expected to hold interest rates steady, concerns about its independence are likely to take centre stage.
Among other movers, private hospital group Spire Healthcare jumped 17.9% after announcing it is in early-stage talks with several buyout firms, including Bridgepoint and Triton Partners, to explore strategic options.
Bridgepoint shares were down 2.3%.
(Reporting by Ragini Mathur in Bengaluru; Editing by Tasim Zahid and Jan Harvey)
The FTSE 100 is a stock market index that represents the 100 largest companies listed on the London Stock Exchange, based on market capitalization.
Industrial shares are stocks of companies involved in the production and manufacturing of goods, often sensitive to economic cycles.
Precious metal miners are companies that extract valuable metals such as gold and silver from the earth, often seen as safe investments during market volatility.
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