{"id":69626,"date":"2026-02-06T12:38:07","date_gmt":"2026-02-06T12:38:07","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/02\/06\/ftse-100-edges-slightly-higher-as-banks-miners-move-up\/"},"modified":"2026-02-06T12:38:07","modified_gmt":"2026-02-06T12:38:07","slug":"ftse-100-edges-slightly-higher-as-banks-miners-move-up","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/02\/06\/ftse-100-edges-slightly-higher-as-banks-miners-move-up\/","title":{"rendered":"FTSE 100 Edges Slightly Higher As Banks, Miners Move Up"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> After an early drop due to weakness in tech stocks amid concerns Artificial Intelligence could hurt the <span class=\"landLinks\">business<\/span> models of several software firms, U.K.&#8217;s key index FTSE 100 recovered and moved above the flat line on Friday thanks to gains in banking and mining sectors. <\/p>\n<p>The FTSE 100, which dropped to 10,233.70 earlier, was up 15.18 points or 0.15% at 10,324.40 about half an hour past noon.<\/p>\n<p>Fresnillo and Glencore gained 2.7% and 2.2%, respectively, while Antofagasta moved up 0.75%.<\/p>\n<p>In the banking sector, Barclays, Natwest Group and Lloyds Banking Group gained 1.7%, 1.4% and 1.2%, respectively. HSBC Holdings advanced by nearly 1%, while Standard Chartered Bank gained 0.6%.<\/p>\n<p>Airtel Africa, Burberry Group, IAG, LSEG, SSE, M&amp;G, St. James&#8217;s Place and Vodafone Group gained 1%-2.5%. BAE Systems and Kingfisher also posted notable gains.<\/p>\n<p>Metlen Energy &amp; Metals tumbled nearly 16% after the company said that it expects its 2025 EBITDA to come approximately 25% lower than previously targeted, despite robust performance in its core business segments.<\/p>\n<p>Relx eased by about 3.1%. Smith &amp; Nephew, Entain and Experian lost 2.9%, 2.8% and 2.3%, respectively. Mondi, The Sage Group, Croda International, Hikma Pharmaceuticals, Convatec Group, Anglo American Plc and Diageo drifted lower by 1%-1.7%.<\/p>\n<p>Data from the mortgage lender Halifax showed UK house prices rebounded at a stronger-than-expected pace in January, reaching a record high. <\/p>\n<p>House prices increased 0.7% on a yearly basis in January, following a fall of 0.5% in December. Year-on-year, growth in house prices accelerated to 1% from 0.4% in the prior month. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>FTSE 100 Edges Slightly Higher As Banks, Miners Move Up<\/a><br \/>\n<br \/>2026-02-06 12:38:07<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After an early drop due to weakness in tech stocks amid concerns Artificial Intelligence could hurt the business models of several software firms, U.K.&#8217;s key index FTSE 100 recovered and&#8230;<\/p>\n","protected":false},"author":2,"featured_media":69627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-69626","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/69626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=69626"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/69626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/69627"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=69626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=69626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=69626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}