Overview
- The index finished at 9,931.38, up 21.5% for the year, marking its strongest annual gain since 2009.
- For 2025 performance, it outpaced the S&P 500 and France’s CAC 40 and roughly matched Germany’s DAX.
- Commodity strength was decisive, with the FTSE 350 mining index up more than 222% and Fresnillo rising about 412%, while defence and bank shares also strengthened.
- The market recovered from April’s tariff shock under President Donald Trump and later logged a 16-day winning streak after tariffs were lifted.
- London’s listings base thinned through takeovers and moves abroad even as IPO activity improved to 11 deals raising £1.9bn, according to PwC.