FTSE 100 Higher as Schroders Surges, Mining Stocks Slide

The FTSE 100 rose 0.3% on Thursday, trading at fresh highs even as other major European indices struggled. The DAX slipped 0.3%, the CAC 40 also fell 0.3%, while the Stoxx 600 edged 0.3% higher.

Schroders was the standout performer on the blue-chip index, jumping 8.7% after the asset manager said its 2025 annual results are set to come in ahead of market expectations on adjusted operating profit. 3i Group was the second biggest gainer in the index, rising 4.3%, while NatWest is up 1.7%.

Mining stocks lagged despite the FTSE’s advance, with precious metals pulling back slightly. Fresnillo dropped 3.6%, making it the biggest faller on the index, while Antofagasta and Rio Tinto declined 0.8% and Anglo American fell 1%.

The other two big fallers in the FTSE 100 are Burberry, which declined 2.3%, and BP, which slipped 2%.

Elsewhere, Taylor Wimpey moved lower after issuing a trading statement for the year to 31 December 2025. The housebuilder reported higher completions and revenue but warned that its operating profit margin is set to fall in 2026, with performance weighted toward the second half of the year. Shares fell more than 4% in early trading.

Meanwhile, Dunelm Group suffered a steep decline, plunging over 17% after its second-quarter and first-half update indicated that full-year profit before tax is likely to come in at the lower end of market expectations, despite continued sales growth.