18 July 2025, 21:38 United Kingdom: FTSE Advances for 4th Week.
The FTSE 100 rose for a second day on Friday, approaching the 9,000 mark and securing a fourth consecutive weekly gain. Energy stocks supported the advance, with BP up 0.8% after announcing the sale of its US onshore wind business to LS Power, part of its $20 billion divestment plan to focus on select low-carbon assets. Shell also added 0.7%. Miners rallied as iron ore prices climbed, with Antofagasta up over 2.5%, Anglo American 1.7%, and Rio Tinto more than 1%. In retail, Burberry jumped as much as 5.8% after reporting a smaller-than-feared sales decline, suggesting early signs of success in its turnaround strategy, despite headwinds in Asia. On the downside, GSK shares slid over 4% after its cancer drug Blenrep failed to win the backing of a US FDA advisory panel, putting billions in potential revenue at risk. Analysts say the drug was key to GSK’s growth plans. The FDA’s final decision is due by July 23.
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