FTSE 100 ticks higher on a boost from miners; Anglo American soars

Sept 9 (Reuters) - Britain's FTSE 100 edged up higher on Tuesday as industrial miners advanced after Anglo American jumped on a merger deal.

The blue-chip FTSE 100 .FTSE edged up 0.1% by 0927 GMT, while the domestically focussed mid-cap index .FTMC was flat.

Industrial miners .FTNMX551020 rose 3.2%, led by Anglo American AAL.L, that rose 9.9%, to top the FTSE 100, after the miner said it has agreed to merge with Canada's Teck Resources TECKb.TO in a $53 billion deal to form a newly combined company Anglo Teck.

"Despite the uncertainties around whether the Teck takeover will truly generate value for the company and investors...the deal is a win for the UK stock market as the enlarged Anglo Teck group will have its primary listing in London," said Russ Mould, investment director at AJ Bell.

"Anglo clearly believes the UK works well as a listing venue and that sends a positive message to other businesses undergoing M&A."

Precious metal miners .FTNMX551030 rose for a third day, tracking higher gold. Endeavour Mining EDV.L added 2.1%, while Hochschild Mining HOCM.L rose 1.3%.

The real estate sector .FTUB3510 also advanced, with Segro SGRO.L up 1.7%.

On the flip side, Aerospace and defence companies .FTNMX502010 led sectoral declines with Rolls-Royce RR.L down 1.4%, while BAE Systems BAES.L fell 1.1%.

Other industrials stocks such as Spirax SPX.L and Experian EXPN.L also declined.

Among other moves, homeware retailer Dunelm DNLM.L fell 8.3%, to the bottom of the mid-cap index, after it cautioned that it has yet to see signs of sustained recovery in consumer demand.

Gamma Communications GAMA.L rose 5.8%, to top the mide-cap index, on strong first-half revenue growth.

Technology and services provider Computacenter CCC.L gained 2.5% on flagging strong start to third-quarter.

Insurer Phoenix Group PHNX.L was up 2.3% following a 7.6% decline in the previous session when it said it would rebrand as Standard Life in March 2026, and reported a larger-than-expected drop in book value due to market moves.

Meanwhile, a survey showed British shoppers spent more in August, helped by summer weather.

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