London stocks rebound as hopes of US-Iran talks lift sentiment

Fresnillo

14/04/2026 11:19

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April 14 (Reuters) - UK stocks rebounded on Tuesday, buoyed by hopes of U.S.-Iran peace talks, even as the U.S. began a blockade of Iran's ports.

The blue-chip FTSE 100 index .FTSE rose 0.1% to 10,593.65 points by 5:58 GMT, while the midcap FTSE 250 .FTMC climbed 1.13%.

UK stocks gained on Tuesday, mirroring strength in European peers, after a report said U.S. and Iranian negotiators may return to Islamabad for talks later this week.

Oil prices fell below $100 a barrel.

Heavyweight banks .FTNMX301010 gained 0.4%, with NatWest Group NWG.L and Standard Chartered STAN.L rising more than 1% and Barclays BARC.L up 0.7%.

Precious metal miners .FTNMX551030 rose 2.6%, tracking gold and silver prices; Fresnillo FRES.L and Hochschild Mining HOCM.L up 3.5% and 2.6% respectively

Industrial metal miners .FTNMX551020 added 1.5%, with Rio Tinto RIO.L rising 0.7% and Glencore GLEN.L up 1.7% after copper prices hit one-month high.

Energy stocks .FTNMX601010 dipped 0.6%, with Shell SHEL.L and BP BP.L down more than 0.5%.

Travel and leisure stocks .FTNMX405010 gained 1.8% as oil prices slipped. Cruise operator Carnival  was up 2.7%, while airlines also inched higher.

EasyJet EZJ.L and Wizz Air WIZZ.L rose 2.5% and 7.5%, respectively.

Davidoff cigarettes maker Imperial Brands IMB.L slumped more than 7%, nearly a nine-month low after it flagged uncertainty for the year due to Middle East conflicts.

Intertek ITRK.L rose 11.8% to a one-year high after the product testing and certifications group said it is considering splitting its business.

 (Reporting by Utkarsh Hathi in Bengaluru; Editing by Sahal Muhammed)

 ((utkarshtushar.hathi@thomsonreuters.com))