Stock Markets February 11, 2026 12:10 PM

London Stocks Close Higher as UK 100 Hits Record High; Miners and Oil Names Lead Gains

Index rises 1.09% with strong moves in mining, oil-related and household goods stocks; select large-cap media and leisure names slide

By Avery Klein

U.K. equities finished higher after Wednesday trade, propelled by advances in Oil & Gas Producers, Mining and Household Goods & Home Construction sectors. The U.K. 100 climbed 1.09% to a new all-time high. Individual swings were large: Smurfit WestRock led gains, while Relx and Flutter posted notable declines and touched three-year lows.

London Stocks Close Higher as UK 100 Hits Record High; Miners and Oil Names Lead Gains

Key Points

  • The U.K. 100 rose 1.09% to a new all-time high, driven by gains in Oil & Gas Producers, Mining and Household Goods & Home Construction sectors.
  • Top individual winners included Smurfit WestRock (SWR) +12.65%, Antofagasta (ANTO) +6.09% and B&M (BMEB) +5.49%; large-cap decliners included Relx (REL) -6.20%, Flutter (FLTRF) -6.02% and WPP (WPP) -5.27%.
  • Commodities strengthened with April gold up 1.51% and crude oil rising roughly 1.7-1.8%; FX was essentially flat for GBP/USD and EUR/GBP.

U.K. stocks ended Wednesday's session in positive territory as sector-level strength in Oil & Gas Producers, Mining and Household Goods & Home Construction helped push the benchmark higher. The U.K. 100 rose 1.09% to close at a fresh all-time high.

On an individual basis, Smurfit WestRock PLC (LON:SWR) recorded the session's largest advance, finishing up 12.65% - a gain of 414.00 points - to close at 3,688.00. Antofagasta PLC (LON:ANTO) added 6.09%, up 222.00 points to finish at 3,870.00, while B&M European Value Retail SA (LON:BMEB) rose 5.49%, gaining 9.50 points to end the day at 182.50.

Not all large-cap names participated in the rally. Relx PLC (LON:REL) led declines, falling 6.20% - down 133.00 points - to close at 2,013.00. Flutter Entertainment PLC (LON:FLTRF) slipped 6.02%, losing 685.00 points to finish at 10,695.00, and WPP PLC (LON:WPP) declined 5.27%, down 14.90 points to 268.00.

Market breadth on the London Stock Exchange was mixed but slightly tilted toward advancers: 899 stocks rose versus 870 that fell, and 530 were unchanged.

There were some notable price milestones within the session. Shares of Relx fell to three-year lows, losing 6.20% to 2,013.00, while Flutter also reached three-year lows after its 6.02% drop. In contrast, Antofagasta climbed to an all-time high following its 6.09% gain.

Commodities saw upward moves in the same session. Gold Futures for April delivery increased 1.51%, up 76.14 to $5,107.14 a troy ounce. In energy markets, crude oil for March delivery advanced 1.75%, rising 1.12 to $65.08 a barrel, and the April Brent contract was up 1.61%, gaining 1.11 to trade at $69.91 a barrel.

Foreign exchange markets were largely unchanged. GBP/USD was flat, moving 0.01% to 1.37, and EUR/GBP was also effectively unchanged, at 0.14% to 0.87. The US Dollar Index Futures ticked up 0.01% to 96.68.

Separately, readers were presented with a data-driven investment product pitch asking what the best investment opportunities in 2026 might be. The copy described a service that combines institutional-grade data with AI-powered insights, noting it does not guarantee winners but claims it can help identify more opportunities more often, and inviting users to explore the tool.


For traders and analysts, the session highlighted how sector leadership - in this case mining and oil-linked names - can lift headline indices even as select large-cap constituents post sharp declines. Price extremes and milestone moves were present across both equities and commodities during the trading day.

Risks

  • Large single-stock moves highlight elevated idiosyncratic risk for individual equity positions, impacting sectors such as media and leisure where names like Relx and Flutter fell to three-year lows.
  • Commodity price volatility - evidenced by moves in gold and oil - may affect mining and energy sector earnings and valuations.
  • Mixed market breadth, with a substantial number of decliners despite the index gain, suggests potential rotation risk across sectors and uneven participation in the rally.

More from Stock Markets

TrueBlue Shares Rise After HireQuest Offers $105M for PeopleReady On-Demand Unit May 12, 2026 U.S. Equities Finish Mixed as Healthcare, Telecoms and Energy Outperform; Tech and Industrials Slip May 12, 2026 Bovespa Ends Lower as Utilities, Industrials Drag Stocks to One-Month Low May 12, 2026 Canadian equities tick higher as energy, staples and materials lead gains May 12, 2026 Intuitive Machines Selected for Space Force Andromeda IDIQ to Develop GEO Surveillance Systems May 12, 2026