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London's top stock index rises on strong profits and Iran peace deal hopes

5 August 2026 · in 80 words

London's top stock index rises on strong profits and Iran peace deal hopes

The FTSE 100 index gained ground on Wednesday after the high-street retailer Next increased its yearly profit forecast for the third time. Mining firm Glencore also enjoyed a bump in its share price after revealing earnings leaped by 86% over the first six months. Donald Trump added to the upbeat mood by reporting highly productive negotiations with Iran, a development that helped to steady oil prices.

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