Stock Markets January 29, 2026

U.K. Stocks Finish Slightly Higher as Miners and Energy Names Lead

Financial Services, oil majors and industrial metals and mining sectors support modest gains while select large-caps record steep declines

By Derek Hwang
U.K. Stocks Finish Slightly Higher as Miners and Energy Names Lead

U.K. equities closed higher on Thursday, with the Investing.com United Kingdom 100 adding 0.12% as strength in Financial Services, Oil & Gas Producers and Industrial Metals & Mining underpinned the market. Gains in several large-cap miners and an oil major contrasted with heavy losses for a handful of other large companies. Commodity prices were mixed, with oil rising and gold slipping, while major currency pairs were largely unchanged.

Key Points

  • Investing.com United Kingdom 100 closed up 0.12%, led by gains in Financial Services, Oil & Gas Producers and Industrial Metals & Mining.
  • Top performers included 3I Group (up 8.77%), Shell (up 2.38%), and Antofagasta (up 2.10% and reaching an all-time high).
  • Notable decliners included Ashtead (down 5.38%), Fresnillo (down 5.25%) and Sage (down 4.06%); market breadth showed 991 decliners versus 825 advancers.

U.K. stocks ended Thursday's session in positive territory, driven by advances in Financial Services, Oil & Gas Producers and Industrial Metals & Mining. The Investing.com United Kingdom 100 closed up 0.12% in London.

The leading gainers on the Investing.com United Kingdom 100 included 3I Group PLC (LON:III), which climbed 8.77% or 276.00 points to finish at 3,423.00. Shell PLC (LON:SHEL) added 2.38% or 65.00 points to close at 2,797.50, and Antofagasta PLC (LON:ANTO) rose 2.10% or 78.00 points to trade at 3,786.00 in late dealing.

On the downside, Ashtead Group PLC (LON:AHT) led declines after falling 5.38% or 275.10 points to end at 4,836.90. Fresnillo PLC (LON:FRES) dropped 5.25% or 216.00 points to close at 3,900.00, and Sage Group PLC (LON:SGE) fell 4.06% or 40.40 points to finish at 955.00.

Market breadth on the London Stock Exchange showed more decliners than advancers, with 991 stocks falling compared with 825 rising, and 499 finishing unchanged.

Antofagasta PLC (LON:ANTO) reached an all-time high during the session, gaining 2.10% or 78.00 to 3,786.00.

Commodity movements were mixed in overnight trading. Gold Futures for April delivery slipped 0.25% or 13.11 to $5,327.09 a troy ounce. In oil markets, crude oil for March delivery climbed 2.99% or 1.89 to $65.10 a barrel, while the April Brent contract rose 2.69% or 1.81 to $69.18 a barrel.

Currency pairs were largely stable: GBP/USD was effectively unchanged, moving 0.02% to 1.38, and EUR/GBP was unchanged by 0.01% at 0.87. The US Dollar Index Futures declined 0.16% to 96.12.

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Risks

  • Market breadth was negative with more falling stocks than rising ones, indicating uneven participation across the market - this may affect sectors such as Financials and Industrials.
  • Significant single-stock declines in construction equipment and precious metals producers (Ashtead and Fresnillo) introduce downside risk for those sector exposures.
  • Volatility in commodity prices - gold moved lower while crude and Brent oil rose - could create uncertainty for mining and energy-related firms.

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