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The FTSE 100 heads for its first weekly drop since early July

14 August 2026 · in 80 words

The FTSE 100 heads for its first weekly drop since early July

Cheaper copper and a gloomy production update pushed shares in the mining company Antofagasta down by almost 5%. British software firms headed the other way on Friday, climbing quickly following rumours of a major buyout involving an American tech business. Meanwhile, the Bank of England's chief economist warned a surprise 0.3% jump in June's growth could mean higher interest rates.

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