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Copper Miners Lead FTSE Weekly Recap and Week Ahead23/08/2026 · 08:49 BST WEEKLY RECAP · WEEK AHEAD Miners leave large caps ahead, but the broader signal is mixed Updated Sunday, 23 August 2026, 08:49…
WEEKLY RECAP · WEEK AHEAD
Updated Sunday, 23 August 2026, 08:49 BST (UTC+1) · Cash equities closed
Latest closes: Friday, 21 August 2026, 16:30 BST. Price changes are close-to-close; weekly changes are published rounded figures. Reuters · PA/Alliance News
Friday’s mining rally pushed the blue-chip index into a modest weekly gain. Mid-caps still recorded their first weekly fall in six weeks, a cleaner sign that risk appetite was selective rather than broad.
| Stock | Move | Verified catalyst |
|---|---|---|
| Gamma Communications | +11.6% | Early takeover talks with Waterland |
| Antofagasta | +5.4% | Copper and gold strength |
| Endeavour Mining | +4.1% | Precious-metals bid |
| Hunting | −14.5% | Annual core-profit forecast cut |
Closing moves reported Friday, 21 August 2026. Reuters
LSE calendar · ONS release calendar · Bank of England · Company calendar · CBI consensus
Services momentum, firmer household confidence and commodity leadership can keep the FTSE 100 supported if metals hold their gains and sterling stops short of a fresh surge.
Another energy-price shock would reinforce inflation and gilt pressure. A stronger pound also tightens the translation headwind for the FTSE 100’s overseas earners.
UK EQUITIES · WEEKEND EDITION
Miners carried the FTSE 100 to a small weekly gain; mid-caps still broke a five-week winning run.
Gold and copper rose into Friday as the dollar weakened. Antofagasta gained 5.4% and Endeavour Mining 4.1%, leading the blue-chip index.
August flash services PMI rose to 52.8, a six-month high; manufacturing eased to 51.5. July retail sales fell 0.5% month on month.
Middle East risk and rising global borrowing costs kept the week volatile. The FTSE 250 failed to match Friday's large-cap recovery.
| Gamma CommsWaterland talks | +11.6% |
| AntofagastaMetals rally | +5.4% |
| Endeavour MiningGold strength | +4.1% |
| HuntingProfit forecast cut | −14.5% |
LSE reopens
Watch whether miners retain leadership and whether mid-caps repair the weekly break.
Chesnara interim results
Analyst presentation follows the scheduled release.
Prudential half-year results
London announcement; analyst Q&A scheduled for 09:30 BST.
Rates and geopolitics
Track gilt yields, sterling and metal prices against inflation and Middle East headlines.
Metals stay firm, sterling avoids a sharp surge and resilient services data broadens gains beyond mega-caps.
Long yields rise again, oil-driven inflation risk builds and the FTSE 250's weekly reversal deepens.
FTSE 100: 10,750–10,817 zone; GBP/USD near 1.366; FTSE 250 participation; Antofagasta follow-through.