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FTSE 100 edges higher as energy and mining stocks weigh on the market

Energy and mining heavyweights limit the FTSE 100’s gains, while Burberry rallies following better-than-expected results.

written by

Andreas Lipkow

Chief Market Analyst

12 Nov 2026, 11:02

The FTSE 100 is currently trading at 10,890 points. The UK's benchmark index is also trading in positive territory on Thursday, although it has so far been unable to resume its record-breaking rally. Today's economic data came largely in line with expectations, offering few surprises. The UK's trade balance was weaker than anticipated, reflecting the impact of elevated energy costs. Construction output and monthly gross domestic product (GDP) figures for September, however, painted a considerably more encouraging picture.

Energy and mining stocks limit gains

While easing energy prices should support the economy over the medium term, they are weighing on shares in index heavyweights BP and Shell in the short term. Declining precious and base metal prices are also putting pressure on mining and commodity stocks within the FTSE 100. Taken together, these heavyweight sectors are acting as a significant drag on the broader market, preventing the index from building stronger upward momentum.

Burberry provides a bright spot

Burberry, meanwhile, is attracting particularly strong buying interest following better-than-expected quarterly results and several positive analyst assessments. The luxury goods group is leading the FTSE 100 gainers, providing a welcome bright spot in an otherwise relatively subdued trading session.

FTSE 100 moves higher as strong UK economic data boosts sentiment

The FTSE 100 rises to around 10,760 as stronger UK GDP and production data lift sentiment. Investors now turn to US producer prices for further clues on inflation.

FTSE 100 trades higher as US inflation data takes centre stage

The FTSE 100 rises to around 10,690 as investors await US inflation figures. Persistently high energy costs remain a concern, while property stocks attract attention as a potential long-term inflation hedge.

The Week Ahead: US, Germany inflation, Cisco earnings

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