FTSE 100 Climbs on Mining, Iran Talks

The blue‑chip FTSE 100 index edged up 0.3% on the day.
Mining heavyweights Glencore, Anglo American and Rio Tinto each rose roughly 2% as copper prices reached a more‑than‑two‑week high.
Sterling appreciated 0.2% to $1.3477 per dollar (16:13 GMT).
European benchmarks also gained: Germany’s DAX +0.5% and France’s CAC 40 +0.8%.

Glencore plc, Anglo American plc, Rio Tinto plc: +≈2% each, driven by copper rally.
Homebuilders (UK sector): +1.5% after Bank of England data showed mortgage approvals at a 15‑month peak in April and consumer credit growth faster than expected.
Paragon Banking Group plc: Shares fell; underlying profit before tax slipped 2.5% to £145.7 million, while provisions for credit losses rose 40% to £21.5 million.
British American Tobacco plc: Shares declined after the company raised its vaping‑revenue forecast following a U.S. policy shift, though overall guidance remained unchanged.
Chemring Group plc: Reported an 8% fall in first‑half underlying operating profit despite higher revenue; order book reached a record £1.40 billion.

No specific foreign direct investment (FDI) or foreign portfolio investment (FPI) data were mentioned in the article.

No explicit central‑bank rate moves were reported; however, the modest 0.2% rise in the pound suggests a slight improvement in currency liquidity.

Bank of England mortgage‑approval data indicated a strengthening housing‑finance environment but no new policy announcements were disclosed.

Economic/Market-related