25.08.202607:45:06UTC+00FTSE 100 Rises for 6th Day

The FTSE 100 advanced on Tuesday, extending its winning streak to six sessions—its longest run of gains since May. Melrose was among the standout performers, climbing more than 8% after the aerospace group announced a $100 million claims programme linked to damage at its GKN Aerospace facility in California. A criminal investigation into the incident has now been closed, and the site is expected to restart operations next month. Oil prices edged only slightly lower after the US unveiled new sanctions on businesses tied to Iran’s trade network. The measures, branded “Operation Economic Outcast” by Treasury Secretary Scott Bessent, have targeted companies in China and Hong Kong but have so far steered clear of major Chinese financial institutions. In contrast, weakness in both precious and industrial metals weighed on mining stocks.