Business · 5 August 2026
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.
Reported by Reuters · How we write briefs