FTSE 100 Edges Lower: British Land CEO to Step Down, Mining Stocks Rise Amid Gold Surge

The FTSE 100 slipped 0.1% on Monday, lagging mixed European markets. The DAX rose 0.1%, while the CAC 40 fell 0.5% and the Stoxx 600 declined 0.3%.

British Land was among the weakest performers, with shares dropping more than 2% after the company said Chief Executive Simon Carter will step down.

Carter, who has spent more than five years as CEO and 18 years at the business, plans to leave the FTSE 100 property group to become CEO of P3 Logistics Parks, the GIC-owned European logistics investor and developer.

Mining stocks were the standout movers as gold and silver prices surged to fresh records. Spot gold jumped nearly 2% to $4,600, setting a new all-time high, while spot silver climbed more than 5% to around $84.60.

Fresnillo led the FTSE 100, rising 5.3%, followed by BAE Systems, up 2.6%, and JD Sports Fashion, which gained 3%. Meanwhile, Endeavour Mining added 1.9%, Glencore rose 1.6% and Antofagasta advanced 0.8%.

Barclays was the biggest faller, down 4.3%, after President Trump said on Friday that he intends to call for a one-year cap on credit card interest rates at 10%. IAG dropped 3.5%, while Ashtead Group slipped 3.4%.

It was also revealed that JD Sports will partner with Commercetools and payment firm Stripe to enable “one-click purchases” through AI platforms.