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25.02.202608:43:15UTC+00FTSE 100 Trades at Record High

The FTSE 100 advanced more than 0.5% on Tuesday to a new record high above 10,750, lifted by broad-based gains in banking and mining shares. HSBC Holdings surged 6% to an all-time high after posting better-than-expected profits, with its wealth division benefiting from robust client income and fuelling a wider rally across lenders.

Commodity-linked stocks also gained ground as copper and precious metals prices strengthened. Fresnillo climbed 4.7%, Antofagasta added 4%, and both Endeavour Mining and Glencore rose by around 2%.

Relx advanced 3.8% after its LexisNexis unit announced a partnership with AI firm Anthropic, helping to ease earlier investor concerns.

In contrast, Diageo dropped 6.5% after warning of weaker full-year sales and cutting its dividend to protect its balance sheet. Haleon was down more than 3.5% after its sales growth missed analysts’ expectations. Overnight, Donald Trump struck an optimistic note on the US economic outlook.

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