London, 12 October 2026 – British equities advanced as bank shares strengthened, helping the market absorb weaker energy prices and mixed company news before important inflation and economic-growth releases. The FTSE 100 rose 0.58% to 10,614.30 points by 10.44am GMT, while the domestically focused FTSE 250 gained 0.21%.
Financial stocks provided the clearest support. HSBC, Standard Life, Lloyds Banking Group, Barclays, NatWest and Standard Chartered gained between 1.2% and 1.9%. The move showed how heavily the large-cap index can depend on financial institutions when investors are repositioning around interest-rate expectations and the outlook for economic activity.
Unlock the Full Article
This article is exclusive to The Ledger Asia Subsribers / PAID members.
Already have an account? Log in here