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FTSE 100 hits record close as defence and financial stocks surge

ReutersAug 14, 2025 4:52 PM
  • FTSE 100 up 0.1%, FTSE 250 down 0.2%
  • UK economic growth slows less than expected
  • Diploma falls after finance chief steps down

- Britain's FTSE 100 hit a record closing high on Thursday, propelled by defence and financial sector gains, while investors assessed key economic data.

The blue-chip index .FTSE gained for a fourth consecutive day, ending up 0.1%. The midcap .FTMC index declined 0.2%.

Investors responded positively to UK second-quarter GDP figures, which showed that growth slowed less than expected despite U.S. trade tariffs and a weaker jobs market.

While Wall Street retreated following unexpectedly high U.S. producer price inflation data - dampening hopes for Federal Reserve interest rate cuts - the UK benchmark remained resilient.

The aerospace and defence .FTNMX502010 index provided a boost, rising 2%.

Financials added further support as insurer Aviva AV.L jumped 2.5% to a 17-year high after raising its interim dividend and reporting a 22% increase in half-year operating profit, boosting the life insurers' index .FTNMX303010 1.5%.

The non-life insurers index .FTNMX303020 advanced 1.9%, with Admiral Group ADML.L rising 6.6% after reporting a 67% jump in half-year pretax profit.

British Gas owner Centrica CNA.L rose 3.7% after announcing it would jointly buy National Grid's NG.L Grain LNG terminal with U.S.-based Energy Capital Partners for about 1.5 billion pounds ($2 billion).

On the flip side, the energy sector .FTNMX601010 fell 1.4%.

Harbour Energy HBR.L led the losses, falling 4.8%, while oil major Shell SHEL.L fell over 1%.

Industrial metal miners .FTNMX551020 also retreated 2.3%.

Some major names, including HSBC HSBA.L, BP BP.L, Hikma Pharmaceuticals HIK.L and Hiscox HSX.L, fell close to 1% as their shares went ex-dividend - trading without entitlement to the latest dividend payout.

Among other movers, technical products distributor Diploma DPLM.L fell 2.9% after finance chief Chris Davies stepped down.

($1 = 0.7365 pounds)

For related prices, Reuters users may click on - *  UK stock report     .L     FTSE index:         0#.FTS6  techMARK 100 index: .FTT1X         FTSE futures:     0#FFI:  Gilt futures:       0#FLG:         Smallcap index:    .FTSC  FTSE 250 index:     .FTMC          FTSE 350 index:    .FTLC  Market digest:      .AD.L          Top 10 by vol:     .AV.L  Top price gainers:  .NG.L          Top % gainers:     .PG.L  Top price losers:   .NL.L          Top % losers:      .PL.L 
     * For related news, click on - * UK hot stocks:      HOT and GB     Wall Street:          .N Gilts report:       GB/            Euro bond report GVD/EUR Pan European stock report: .EU Tokyo stocks:       .T             HK stocks:           .HK Sterling report:    GBP/           Dollar report:      USD/
     * For company prices, click on - * Company directory:  UKEQ          By sector:          FTAX 
     * For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY  FTSE Eurotop 300 index........................... .FTEU3  DJ STOXX index................................... .STOXX  Top 10 STOXX sectors........................ .PGL.STOXXS  Top 10 EUROSTOXX sectors................... .PGL.STOXXES  Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S  Top 25 European pct gainers.................... .PG.PEUR  Top 25 European pct losers..................... .PL.PEUR 
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