12.09.202507:44:26UTC+00FTSE 100 Rises for 2nd Session

The FTSE 100 experienced an upswing on Friday, marking its second consecutive session of gains, primarily fueled by the robust performance of mining companies. Notably, Fresnillo jumped approximately 4%, while Antofagasta and Endeavour each advanced by over 2%. Meanwhile, Glencore saw an increase of nearly 2%, and Rio Tinto gained more than 1%, as gold prices reached record highs and metal prices across the board strengthened. In corporate developments, Vodafone entered into a partnership with UEFA and UC3 to enhance its presence in European sports by supporting both men’s and women’s football. On the economic landscape, the UK GDP remained unchanged in July, meeting forecasts, with the three-month growth rate also aligning with expectations at 0.2%. Nonetheless, there was an unexpected decline in industrial and manufacturing output, and the trade deficit widened slightly more than anticipated.