4 August 2025, 11:32 United Kingdom: FTSE 100 Starts Week Higher.
The FTSE 100 rose on Monday, recovering from Friday’s 0.7% drop, lifted by sharp gains in UK lenders after a better-than-feared outcome from the UK’s motor finance investigation. While the Financial Conduct Authority estimated potential compensation at 9 billion GBP, that’s well below the 30 billion GBP worst-case scenario that had weighed on sentiment. Lloyds, which has the largest exposure, jumped 7.7%, rebounding after months of underperformance versus peers. Barclays gained over 2%, while NatWest rose more than 1%. HSBC and Standard Chartered also climbed around 1%. Miners added support as copper and gold prices rose, with Antofagasta up 1.8%, Glencore 0.7%, and Endeavour Mining 1.7%. However, the index was capped by losses in the pharma sector. AstraZeneca fell over 1% after US President Trump sent letters to 17 drugmakers last week demanding price cuts, sparking pressure across the pharmaceutical space.
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