FTSE 100 closes at record as miners and banks rally
Rio Tinto and HSBC led gains after stronger Chinese industrial data and a firmer outlook for UK net interest income.
James WhitlockUK Equities AnalystPublished 16 Oct 2026, 17:50 CEST
Updated 16 Oct 2026, 18:10 CEST
2 min read
The FTSE 100 closed at a record high on Friday, rising 0.9% as mining and banking shares rallied.
Rio Tinto rose 3.2% after Chinese industrial production data beat expectations, lifting iron ore prices. HSBC gained 2.1% after analysts upgraded their forecasts for net interest income.
The FTSE 250, which is more exposed to the domestic economy, rose 0.4%. Sterling was little changed against the dollar.
Market closing prices are quoted at 16:35 London time.
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