Industrial miners rose 3.2%, led by Anglo American, which increased by 9.9%, topping the FTSE 100 after the miner announced an agreement to merge with Canada’s Teck Resources in a $53 billion deal to form a newly combined company, Anglo Teck.

“Despite the uncertainties surrounding the potential value generation from the Teck takeover for the company and its investors, the deal represents a positive outcome for the UK stock market, as the expanded Anglo Teck group will establish its primary listing in London,” stated Russ Mould.

• Endeavour Mining increased by 2.1%, while Hochschild Mining rose by 1.3%.
• The real estate sector shows advancement, with Segro up 1.7%.
• Aerospace and defence companies led sectoral declines with Rolls-Royce down 1.4%, while BAE Systems fell 1.1%.
• Other industrials stocks such as Spirax and Experian also declined.
• Homeware company Dunelm (DNLM.L), among other actions, opened a new tab that saw it drop 8.3% to the bottom of the mid-cap index after warning that it has not yet seen evidence of a sustainable rebound in customer demand.
• Gamma Communications opens new tab rose 5.8%, to top the mid-cap index, on strong first-half revenue growth.
• Technology and services provider Computacenter gained 2.5% on flagging a strong start to the third quarter.
• The insurance company Phoenix Group (PHNX.L), which opened a new tab, had a 2.3% increase after experiencing a 7.6% decrease in the previous session.

The company announced that it will rebrand itself as Standard Life in March 2026 and reported a larger-than-expected reduction in book value as a result of market movements. “Anglo clearly believes that the UK serves effectively as a listing venue, which conveys a positive message to other businesses involved in mergers and acquisitions.” Precious metal miners rose for a third day, tracking higher gold.