{"id":630936,"date":"2026-09-29T09:50:08","date_gmt":"2026-09-29T09:50:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/630936\/"},"modified":"2026-09-29T09:50:08","modified_gmt":"2026-09-29T09:50:08","slug":"markets-live-weir-leads-industrial-rally-as-ftse-holds-early-gain","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/630936\/","title":{"rendered":"MARKETS LIVE: Weir leads industrial rally as FTSE holds early gain"},"content":{"rendered":"<p>\u00a0<\/p>\n<p>&#13;<br \/>\n\tFTSE 100 adds 33 points to 10,717&#13;<br \/>\n\tWeir Group rises 2.3% to lead blue-chip gainers&#13;<br \/>\n\tHalma, Spirax Group and IMI gain about 2%&#13;<br \/>\n\tFTSE 250 gains 54 points to 24,389&#13;<\/p>\n<p>10.00 am BST: Weir heads engineering-led advance<\/p>\n<p>Weir Group climbed 2.3% to 2,694p to lead the FTSE 100 as industrial engineering shares moved to the top of London\u2019s leaderboard.<\/p>\n<p>Halma gained 2.2%, while Spirax Group and IMI advanced about 2%, pointing to a wider sector move rather than a company-specific surge.<\/p>\n<p>The FTSE 100 held a 33-point gain at 10,717 after giving back a small portion of its earlier advance.<\/p>\n<p>Healthcare shares also remained supportive, with GSK gaining 2% and AstraZeneca advancing 1.9%, while InterContinental Hotels Group added 2%.<\/p>\n<p>The FTSE 250 rose 54 points, or 0.2%, to 24,389, while the AIM All-Share gained 0.2% to 785.<\/p>\n<p>\u00a0<\/p>\n<p>9.00 am BST: London rally broadens beyond miners<\/p>\n<p>The FTSE 100 was 35 points, or 0.3%, higher at 10,720 as its early mining-led advance broadened into healthcare and industrial shares.<\/p>\n<p>GSK climbed 2.1%, AstraZeneca gained 1.9%, while Halma, Spirax Group and Weir Group added between 1.5% and 1.6%.<\/p>\n<p>The FTSE 250 rose 0.3% to 24,406, led by Vesuvius, which surged 24.6% after disclosing a takeover proposal from RHI Magnesita worth 551p a share. Close Brothers gained 10.8% following its annual results.<\/p>\n<p>AIM edged 0.2% higher to 785.<\/p>\n<p>Utilities, telecoms and retailers lagged, with Ithaca Energy down 2.5%, SSE off 2%, Vodafone losing 1.8%, and Tesco, Kingfisher and Sainsbury\u2019s falling more than 1%.<\/p>\n<p>\u00a0<\/p>\n<p>8.15 am BST: Mining shares drive opening gains<\/p>\n<p>London shares opened modestly higher, with the FTSE 100 gaining 18 points, or 0.2%, to 10,703 as miners recovered from Monday\u2019s sector-wide sell-off.<\/p>\n<p>Antofagasta led the blue-chip risers with a 2.1% gain, while Anglo American advanced 1.8%, Fresnillo rose 1.5% and Rio Tinto added 1.3%.<\/p>\n<p>Mining equipment supplier Weir Group gained 1.1%, reinforcing the sector-wide pattern.<\/p>\n<p>AstraZeneca climbed 1.3%, while InterContinental Hotels Group and Burberry rose 1.2% apiece, showing support beyond resources.<\/p>\n<p>The FTSE 250 advanced 0.2% to 24,379, while the AIM All-Share gained 0.1%.<\/p>\n<p>7.00 am BST: London points higher despite weak global handover<\/p>\n<p>The FTSE 100 is expected to open 6 points, or 0.1%, higher at 10,691 after closing 0.1% lower at 10,684.88 on Monday as weak miners offset a rally among housebuilders.<\/p>\n<p>UK shop-price inflation eased to 1.4% in September from 1.5% in August as retailer promotions reduced food-price pressures, although the rate remained above its three-month average of 1.3%.<\/p>\n<p>Wall Street provided a negative handover after the S&amp;P 500 fell 0.8%, the Dow Jones Industrial Average lost 0.7%, and the Nasdaq Composite declined 0.9% as the US 10-year Treasury yield reached its highest level since 2007.<\/p>\n<p>Asian markets followed New York lower, with Japan\u2019s Nikkei 225 down 1.4%, Hong Kong\u2019s Hang Seng falling 0.7% and the Shanghai Composite slipping 0.1%, while Australia\u2019s ASX 200 edged 0.1% higher after the Reserve Bank of Australia raised its cash rate by 0.25 percentage points to 4.6%.<\/p>\n<p>Brent crude traded near $107.55 a barrel, offering potential support to BP and Shell, while gold recovered to $4,133.89 an ounce and copper futures gained 0.3% to $6.63 a pound.<\/p>\n<p>Sterling weakened to $1.3233, while Bitcoin changed hands near $83,300 following a 3.4% decline over the past week.<\/p>\n<p>Investors will watch UK mortgage approvals at 9.30 am, with economists expecting an increase to about 57,000 from 56,053.<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0 &#13; FTSE 100 adds 33 points to 10,717&#13; Weir Group rises 2.3% to lead blue-chip gainers&#13; Halma,&hellip;\n","protected":false},"author":2,"featured_media":630937,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[163,521,85,46],"class_list":["post-630936","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-health","tag-healthcare","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/630936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=630936"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/630936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/630937"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=630936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=630936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=630936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}