FTSE 100 Hits New High on Commodity Surge

The FTSE 100 index climbed to an all-time intraday record, propelled by strong performances in mining and commodity-linked stocks. Firms such as Rio Tinto, Glencore, and Anglo American led gains, driven by rising copper and metal prices amid renewed optimism over trade-deal prospects between the U.S. and EU. Commodity strength also reflected broader shifts in investor sentiment favoring real-asset exposure.

Simultaneously, the UK market demonstrated resilience despite structural concerns; a notable increase in corporate distress—nearly 9% of firms identified as vulnerable—highlighted ongoing challenges related to high interest rates and cost pressures. Consumer sentiment remained cautious as persistent living costs continue to strain household finances.

Beyond the FTSE milestone, the session included key corporate developments: Royal Mail’s decision to cease Saturday second-class deliveries to save costs, significant M&A activity in asset management, and landmark content partnerships in media. These corporate moves added context to the market rally while reinforcing the FTSE’s strategic depth and evolving industry narratives.