Stock Markets February 16, 2026

London Market Edges Up as Aerospace, Banking and Mining Lead Gains

U.K. blue-chip index posts modest advance; mixed sector performance and commodity moves mark close

By Hana Yamamoto NWG
London Market Edges Up as Aerospace, Banking and Mining Lead Gains
NWG

U.K. stocks finished modestly higher on Monday, driven by gains in Aerospace & Defense, Banking and Mining names. The main U.K. index rose 0.25% at the close in London. Broad market breadth was mixed, while commodities and currency futures showed modest movement into the close of trading.

(See detailed movers, breadth and market indicators below.)

Key Points

  • United Kingdom 100 rose 0.25% at the London close, supported by gains in Aerospace & Defense, Banking and Mining sectors.
  • Top individual risers included NatWest Group (LON:NWG), Melrose Industries (LON:MRON) and BAE Systems (LON:BAES); major decliners included Mondi (LON:MNDI), Smurfit WestRock (LON:SWR) and Barratt Redrow (LON:BTRW).
  • Commodity and FX moves were mixed: April gold fell, April WTI and Brent crude rose modestly, and major currency pairs were effectively unchanged while the US Dollar Index Futures ticked higher.

Market close snapshot

U.K. equities closed higher on Monday, with sector strength in Aerospace & Defense, Banking and Mining supporting a small gain in the broader market. At the close in London, the United Kingdom 100 climbed 0.25%.

Notable individual movers

  • NatWest Group PLC (LON:NWG) was the session's top gainer, up 4.76% or 27.60 points to finish at 607.80.
  • Melrose Industries PLC (LON:MRON) advanced 3.89% or 25.00 points to close at 667.00.
  • BAE Systems PLC (LON:BAES) rose 3.10% or 61.00 points to end the day at 2,029.00.

Largest decliners

  • Mondi PLC (LON:MNDI) led losses, falling 4.27% or 40.80 points to 913.80 at the close.
  • Smurfit WestRock PLC (LON:SWR) declined 4.16% or 156.00 points to finish at 3,596.00.
  • Barratt Redrow PLC (LON:BTRW) was down 3.86% or 15.00 points to 373.90.

Market breadth and listings

On the London Stock Exchange, there were more falling stocks than advancers. Decliners outnumbered advancers by 832 to 790, while 544 stocks finished unchanged.

Commodities

In commodities trading, Gold Futures for April delivery was down 0.65% or 32.61 to $5,013.69 a troy ounce. Crude oil for April delivery gained 1.05% or 0.66 to trade at $63.41 a barrel, and the April Brent oil contract rose 0.99% or 0.67 to $68.42 a barrel.

Currency and indices

On the foreign-exchange front, GBP/USD was unchanged 0.14% at 1.36, while EUR/GBP was unchanged 0.02% at 0.87. The US Dollar Index Futures was up 0.16% at 96.97.

Outlook notes

Monday's trade closed with a modest positive for the main U.K. index, led by pockets of strength in Aerospace & Defense, Banking and Mining names, while industrial and materials-related stocks accounted for some of the day's heaviest declines. Commodity prices showed mixed moves into the settlement of the session, and currency futures were largely steady.


Risks

  • Market breadth was weak at the close, with decliners (832) outnumbering advancers (790), indicating potential unevenness across sectors - this impacts equity market stability.
  • Notable declines among industrial and materials names such as Mondi and Smurfit WestRock introduce downside risk to the materials sector's near-term performance.
  • Movements in commodities — gold down and crude oil up — may add volatility to commodity-exposed sectors and related equities.

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