Stock Markets September 8, 2026 12:05 PM

London market slips as miners and engineering stocks rally while medical devices lag

Investing.com United Kingdom 100 closes down 0.06% as Antofagasta and Glencore lead gains and Smith & Nephew drops to a 52-week low

By Hana Yamamoto
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U.K. equities closed marginally lower on Tuesday, with the Investing.com United Kingdom 100 slipping 0.06% as gains in mining and engineering names were offset by weakness in healthcare equipment, general retailers and fixed-line telecommunications. Antofagasta and Glencore were among the session's strongest performers, while Smith & Nephew fell to a 52-week low. Commodities and currency contracts showed mixed moves, with gold retreating and crude oil and Brent posting modest gains.

London market slips as miners and engineering stocks rally while medical devices lag
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Key Points

  • The Investing.com United Kingdom 100 closed down 0.06% on Tuesday.
  • Leading gainers included Antofagasta (+4.70%), Glencore (+4.18%), and Weir Group (+3.82%); laggards included Smith & Nephew (-3.57%), B&M (-3.16%), and JD Sports (-2.55%).
  • Market breadth showed more decliners than advancers - 871 down versus 816 up - and 557 unchanged; gold fell while crude oil and Brent rose modestly.

U.K. stocks finished slightly lower at the close on Tuesday, pressured by losses in the Healthcare Equipment & Services, General Retailers and Fixed Line Telecommunications sectors.

At the close in London, the Investing.com United Kingdom 100 declined 0.06%.


Market movers

The top-performing equities on the Investing.com United Kingdom 100 included Antofagasta PLC (LON:ANTO), which advanced 4.70% or 183.00 points to finish at 4,081.00. Glencore PLC (LON:GLEN) gained 4.18% or 25.26 points to close at 629.06, and Weir Group PLC (LON:WEIR) rose 3.82% or 104.00 points to end the session at 2,828.00.

On the downside, Smith & Nephew PLC (LON:SN) led declines, dropping 3.57% or 38.00 points to 1,026.00 at the close. B&M European Value Retail PLC (LON:BMEB) fell 3.16% or 7.40 points to 227.00, while JD Sports Fashion PLC (LON:JD) declined 2.55% or 2.12 points to 80.88.

Notable stock milestones

Shares of Smith & Nephew fell to 52-week lows, finishing the session at 1,026.00 after a 3.57% decline. Conversely, Glencore rose to all-time highs, closing at 629.06 following a 4.18% gain.


Market breadth

On the London Stock Exchange, decliners outnumbered advancers by 871 to 816, with 557 stocks unchanged at the close.


Commodities and energy

In commodities trading, Gold Futures for December delivery were down 0.93% or 41.44 to $4,435.16 a troy ounce. Crude oil for October delivery rose 0.73% or 0.67 to $92.15 a barrel, and the November Brent oil contract increased 0.30% or 0.29 to trade at $97.29 a barrel.


Currencies and indexes

Currency markets were largely steady: GBP/USD was effectively unchanged, moving 0.01% to 1.35, while EUR/GBP was unchanged at 0.86. The US Dollar Index Futures declined 0.29% to 98.86.


Session snapshot

  • Index: Investing.com United Kingdom 100 -0.06% at close.
  • Top gainers: Antofagasta (up 4.70%), Glencore (up 4.18%), Weir Group (up 3.82%).
  • Top decliners: Smith & Nephew (down 3.57%, at 52-week lows), B&M European Value Retail (down 3.16%), JD Sports Fashion (down 2.55%).
  • Commodities: Gold down 0.93% to $4,435.16/oz; Brent up to $97.29/bbl; WTI October crude at $92.15/bbl.
  • Market breadth: 871 decliners, 816 advancers, 557 unchanged.

The market closed with a mixed tone as strong moves in select mining and engineering stocks contrasted with pressure in healthcare equipment and retail names.

Risks

  • Continued weakness in Healthcare Equipment & Services, General Retailers and Fixed Line Telecommunications could keep downward pressure on the index - this affects healthcare and retail sectors.
  • A decline in gold futures introduces uncertainty for precious-metals-linked names and related portfolios, as gold fell 0.93% to $4,435.16 a troy ounce.
  • Volatility in energy markets, reflected in differing moves for WTI and Brent, could affect commodity-sensitive sectors and companies exposed to oil-price swings.

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