The FTSE 100 climbed 1.5% early on Tuesday, while the FTSE 250 advanced 1.9%, as global markets staged a broad rebound following a sharp pullback in oil prices.
Europe also rallied, with the CAC 40 up 1.7% and Germany’s DAX rising 2.1%, after President Donald Trump signalled that the Iran conflict could be nearing an end.
Trump’s remarks that the war with Iran may be over “very soon” eased fears of prolonged geopolitical and inflationary pressures, prompting a rotation back into risk assets.
Among London-listed stocks, Persimmon surged around 10% after reporting strong full-year results for 2025, including a 12% rise in home completions and a 13% increase in underlying pre-tax profit. The update lifted sentiment across the housebuilding sector.
Top performers in the FTSE 100 included International Airlines Group and Fresnillo, both up about 5.5% as easing oil prices supported travel stocks and precious metals rebounded modestly.
Predictably, energy names lagged. BP dropped 2.9% and Shell fell 2.1%, while defence contractor BAE Systems slipped 1.2%.
In the FTSE 250, Costain jumped 10.2% after reporting adjusted operating profit of £47.1 million for 2025, ahead of expectations.
The biggest mid-cap decliner was Rotork, down 10.1% despite full-year profit beating forecasts.
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