Stock Markets February 11, 2026

London Stocks Close Higher as UK 100 Hits Record High; Miners and Oil Names Lead Gains

Index rises 1.09% with strong moves in mining, oil-related and household goods stocks; select large-cap media and leisure names slide

By Avery Klein
London Stocks Close Higher as UK 100 Hits Record High; Miners and Oil Names Lead Gains

U.K. equities finished higher after Wednesday trade, propelled by advances in Oil & Gas Producers, Mining and Household Goods & Home Construction sectors. The U.K. 100 climbed 1.09% to a new all-time high. Individual swings were large: Smurfit WestRock led gains, while Relx and Flutter posted notable declines and touched three-year lows.

Key Points

  • The U.K. 100 rose 1.09% to a new all-time high, driven by gains in Oil & Gas Producers, Mining and Household Goods & Home Construction sectors.
  • Top individual winners included Smurfit WestRock (SWR) +12.65%, Antofagasta (ANTO) +6.09% and B&M (BMEB) +5.49%; large-cap decliners included Relx (REL) -6.20%, Flutter (FLTRF) -6.02% and WPP (WPP) -5.27%.
  • Commodities strengthened with April gold up 1.51% and crude oil rising roughly 1.7-1.8%; FX was essentially flat for GBP/USD and EUR/GBP.

U.K. stocks ended Wednesday's session in positive territory as sector-level strength in Oil & Gas Producers, Mining and Household Goods & Home Construction helped push the benchmark higher. The U.K. 100 rose 1.09% to close at a fresh all-time high.

On an individual basis, Smurfit WestRock PLC (LON:SWR) recorded the session's largest advance, finishing up 12.65% - a gain of 414.00 points - to close at 3,688.00. Antofagasta PLC (LON:ANTO) added 6.09%, up 222.00 points to finish at 3,870.00, while B&M European Value Retail SA (LON:BMEB) rose 5.49%, gaining 9.50 points to end the day at 182.50.

Not all large-cap names participated in the rally. Relx PLC (LON:REL) led declines, falling 6.20% - down 133.00 points - to close at 2,013.00. Flutter Entertainment PLC (LON:FLTRF) slipped 6.02%, losing 685.00 points to finish at 10,695.00, and WPP PLC (LON:WPP) declined 5.27%, down 14.90 points to 268.00.

Market breadth on the London Stock Exchange was mixed but slightly tilted toward advancers: 899 stocks rose versus 870 that fell, and 530 were unchanged.

There were some notable price milestones within the session. Shares of Relx fell to three-year lows, losing 6.20% to 2,013.00, while Flutter also reached three-year lows after its 6.02% drop. In contrast, Antofagasta climbed to an all-time high following its 6.09% gain.

Commodities saw upward moves in the same session. Gold Futures for April delivery increased 1.51%, up 76.14 to $5,107.14 a troy ounce. In energy markets, crude oil for March delivery advanced 1.75%, rising 1.12 to $65.08 a barrel, and the April Brent contract was up 1.61%, gaining 1.11 to trade at $69.91 a barrel.

Foreign exchange markets were largely unchanged. GBP/USD was flat, moving 0.01% to 1.37, and EUR/GBP was also effectively unchanged, at 0.14% to 0.87. The US Dollar Index Futures ticked up 0.01% to 96.68.

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For traders and analysts, the session highlighted how sector leadership - in this case mining and oil-linked names - can lift headline indices even as select large-cap constituents post sharp declines. Price extremes and milestone moves were present across both equities and commodities during the trading day.

Risks

  • Large single-stock moves highlight elevated idiosyncratic risk for individual equity positions, impacting sectors such as media and leisure where names like Relx and Flutter fell to three-year lows.
  • Commodity price volatility - evidenced by moves in gold and oil - may affect mining and energy sector earnings and valuations.
  • Mixed market breadth, with a substantial number of decliners despite the index gain, suggests potential rotation risk across sectors and uneven participation in the rally.

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