London close: FTSE ends touch higher as miners shine
By Michele Maatouk
Date: Monday 22 Sep 2025
(Sharecast News) - London stocks ended just in the black on Monday amid a dearth of corporate news, with miners on the front foot but airlines under the cosh after a cyber attack caused disruption at European airports over the weekend.
The FTSE 100 closed up 0.1% at 9,226.68.
Chris Beauchamp, chief market analyst at IG, said: "New highs for gold and silver have bolstered mining stocks in London, helping the FTSE 100 to hold its ground as markets take stock of last week's rate cut in the US.
"While volatility has ticked up from last week's lows, there is as yet no sign of any further spike in the VIX, despite being in a traditionally strong period for the 'fear index'. Hopes of more rate cuts seem likely to support further advances in stocks in the medium term, though they do look at risk of some choppiness given the lighter calendar this week."
In equity markets, corporate news was thin on the ground, but precious metals miner Fresnillo and gold miners Hochschild and Endeavour all jumped as gold and silver prices hit a record high.
Heavily-weighted miners also traded higher, with Rio Tinto, Glencore and Antofagasta among the top performers on the FTSE 100.
On the downside, airlines flew lower, with easyJet, BA and Iberia owner IAG and Wizz Air all weaker after a cyber attack caused disruption at European airports including Heathrow over the weekend.
Russ Mould, investment director at AJ Bell, said: "The cyberattack on check-in software used by airports in London, Berlin and Brussels caused widespread pain, with flights delayed or cancelled. Airlines rely on efficiency to make money, and any disruptions can have a snowball effect.
"There will be some irate operators demanding answers as to why software provider Collins Aerospace didn't have robust enough systems to block a cyberattack. Collins is owned by US-listed RTX, whose share price is likely to come under pressure when Wall Street opens for trading later today.
"Investors might take the view that RTX's reputation will be battered and bruised by the incident, and that could cause potential customers to think twice about ordering its systems or existing customers to consider alternative options.
"EasyJet was among the airlines caught up in the drama, extending a bad run for its share price that's been in motion since June. After yet another summer clouded by air traffic control strikes, EasyJet has now had to endure more cancellations and a queue of angry customers."
Elsewhere, Tate & Lyle was knocked lower by a downgrade to 'underweight' from 'equalweight' at Morgan Stanley, which cut the price target to 500p from 590p.
The bank said there is a higher risk to Tate & Lyle's mid-term targets after Tyson Foods said it would phase out sucralose from US branded products. There is a risk that more consumer packaged goods companies could follow, it added.
Market Movers
FTSE 100 (UKX) 9,226.68 0.11%
FTSE 250 (MCX) 21,605.93 0.07%
techMARK (TASX) 5,460.42 0.43%
FTSE 100 - Risers
Fresnillo (FRES) 2,380.00p 4.57%
St James's Place (STJ) 1,286.00p 2.92%
Rio Tinto (RIO) 4,693.50p 2.05%
Glencore (GLEN) 319.35p 2.05%
SSE (SSE) 1,698.50p 1.89%
AstraZeneca (AZN) 11,500.00p 1.73%
Airtel Africa (AAF) 224.80p 1.63%
Antofagasta (ANTO) 2,360.00p 1.59%
Metlen Energy & Metals (MTLN) 51.00p 1.39%
Hikma Pharmaceuticals (HIK) 1,637.00p 1.36%
FTSE 100 - Fallers
Diageo (DGE) 1,780.00p -1.96%
Haleon (HLN) 332.60p -1.71%
Coca-Cola Europacific Partners (DI) (CCEP) 6,540.00p -1.65%
M&G (MNG) 254.60p -1.62%
Unilever (ULVR) 4,481.00p -1.60%
Smith & Nephew (SN.) 1,349.50p -1.57%
British American Tobacco (BATS) 3,971.00p -1.49%
JD Sports Fashion (JD.) 87.16p -1.43%
Burberry Group (BRBY) 1,115.50p -1.41%
Croda International (CRDA) 2,673.00p -1.40%
FTSE 250 - Risers
Hochschild Mining (HOC) 342.60p 9.04%
Endeavour Mining (EDV) 3,022.00p 6.86%
Oxford Biomedica (OXB) 628.00p 6.08%
Raspberry PI Holdings (RPI) 401.80p 4.42%
QinetiQ Group (QQ.) 525.00p 3.86%
Anglo-Eastern Plantations (AEP) 1,355.00p 3.83%
Rank Group (RNK) 137.20p 3.63%
Pets at Home Group (PETS) 198.40p 2.90%
Harworth Group (HWG) 172.50p 2.68%
BlackRock World Mining Trust (BRWM) 631.00p 2.60%
FTSE 250 - Fallers
Tate & Lyle (TATE) 469.20p -6.12%
Spire Healthcare Group (SPI) 235.50p -4.66%
W.A.G Payment Solutions (EWG) 97.80p -4.59%
Vistry Group (VTY) 615.00p -3.42%
Partners Group Private Equity Limited. (EUR) (PEY) 10.25p -3.30%
Wizz Air Holdings (WIZZ) 1,201.00p -3.22%
C&C Group (CDI) (CCR) 146.00p -3.18%
Victrex plc (VCT) 701.00p -3.18%
Breedon Group (BREE) 346.00p -3.08%
Baltic Classifieds Group (BCG) 318.50p -2.60%
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