Stock Markets February 18, 2026

U.K. Equities Advance as Mining and Aerospace Stocks Lead Gains

Investing.com United Kingdom 100 climbs to a record close, driven by strong moves in metals and defense-related names

By Jordan Park AAL UTG
U.K. Equities Advance as Mining and Aerospace Stocks Lead Gains
AAL UTG

London's benchmark index finished higher on Wednesday, propelled by notable advances in mining, industrial metals & mining, and aerospace & defense sectors. The Investing.com United Kingdom 100 closed up 1.26%, reaching a new all-time high, with Antofagasta posting the largest single-session gain. Broader market breadth favored rising issues, while certain utilities and telecom names lagged. Precious metals and energy futures also moved higher in tandem with stocks.

Key Points

  • Investing.com United Kingdom 100 rose 1.26% to a record close, led by mining and aerospace names.
  • Antofagasta delivered the largest gain, up 10.59% to an all-time high of 4,000.00; Fresnillo and Anglo American also posted strong increases.
  • Market breadth was positive with 1,158 advancing stocks versus 632 decliners; commodities such as gold and crude oil also climbed.

U.K. equities closed higher on Wednesday as gains in mining, industrial metals & mining and aerospace & defense stocks helped push the benchmark higher.

The Investing.com United Kingdom 100 index rose 1.26% by the London closing bell, marking a fresh record level for the gauge.


Leading movers

Among the top performers on the Investing.com United Kingdom 100, Antofagasta PLC (LON:ANTO) led the session, surging 10.59% - an increase of 383.00 points - to finish at 4,000.00. Fresnillo PLC (LON:FRES) was also a strong performer, adding 4.77% or 178.00 points to close at 3,912.00. Anglo American PLC (LON:AAL) gained 4.63% or 162.00 points to end the session at 3,661.00.

Lagging names

On the downside, Unite Group PLC (LON:UTG) dropped 2.86% or 17.00 points to close at 578.00. BT Group PLC (LON:BT) fell 2.45% or 5.10 points to finish at 203.30, while National Grid PLC (LON:NG) declined 2.03% or 28.00 points to 1,348.50.

Market breadth favored advances, with 1,158 stocks rising versus 632 that fell on the London Stock Exchange; 519 issues finished unchanged.


Notable extremes and commodities

The session saw shares of Antofagasta reach an all-time high as the stock climbed 10.59% to 4,000.00.

In commodity markets, gold futures for April delivery rose 2.31% or 113.34 to $5,019.24 per troy ounce. Crude oil for April delivery gained 3.77% or 2.35 to $64.61 a barrel, while the April Brent contract increased 3.56% or 2.40 to trade at $69.82 a barrel.

Currencies and benchmarks

Currency moves were modest: GBP/USD was essentially flat, changing by 0.18% to 1.35, and EUR/GBP was little changed at 0.87, a 0.11% move. The US Dollar Index Futures advanced 0.37% to 97.42.


Investment product note appearing in the session copy

The session’s copy also referenced an investment research product, describing it as combining institutional-grade data with AI-powered insights to help identify potential investment opportunities for 2026. The messaging framed better data and analytic tools as a means to reduce costly mistakes and improve idea generation, though it did not claim guaranteed winners.

Overall, the close reflected strength concentrated in resource and defense-related sectors, more modest weakness in select utility and telecom names, and supportive moves in key commodity prices.

Risks

  • Concentration risk in resource-related sectors: the rally was driven primarily by mining and metals names, which could increase sector-specific exposure for the market.
  • Performance dispersion across sectors: utilities and telecoms lagged, exemplified by declines in National Grid and BT, introducing potential volatility for income-oriented segments.
  • Commodities sensitivity: gains in gold and oil coincide with equity moves, suggesting markets remain sensitive to commodity price swings that could reverse sentiment.

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