--- title: "FTSE 100 hits record high on boost from oil stocks, upbeat earnings" description: "London's FTSE 100 reached a record high of 9,579.07 points, up 0.6%, driven by a 5% rise in crude oil prices and strong earnings from companies like LSEG and Rentokil. Oil stocks Shell and BP each gai" type: "news" locale: "en" url: "https://longbridge.com/en/news/262435352.md" published_at: "2025-10-23T12:21:50.000Z" --- # FTSE 100 hits record high on boost from oil stocks, upbeat earnings > London's FTSE 100 reached a record high of 9,579.07 points, up 0.6%, driven by a 5% rise in crude oil prices and strong earnings from companies like LSEG and Rentokil. Oil stocks Shell and BP each gained about 3%. The FTSE midcap index rose 0.1%, nearing a four-year high. Positive earnings reports and cooling inflation have bolstered UK equity markets, with the FTSE 100 on track for its best weekly performance since mid-April. However, InterContinental Hotels and St James’s Place saw declines amid slower growth forecasts. (For a Reuters live blog on U.S., UK and European stock markets, click (LIVE/) or type LIVE/ in a news window) FTSE 100 up 0.6%, FTSE 250 up 0.1% Oil stocks rise as crude jumps 5% LSEG, Rentokil climb after earnings Oct 23 (Reuters) - London’s FTSE 100 touched an intraday record high on Thursday, lifted by oil stocks and positive results from blue-chip firms such as LSEG and Rentokil. The commodity-heavy FTSE 100 index (.FTSE) rose as much as 0.7% to a record high of 9,579.07 points. It was trading up 0.6% by 1200 GMT. Oil majors Shell (SHEL.L) and BP (BP.L) gained about 3% each, as crude prices (LCOc1) (CLc1) jumped more than 5% after the U.S. imposed sanctions on major Russian suppliers Rosneft (ROSN.MM) and Lukoil (LKOH.MM) over the Ukraine war. (O/R) In earnings, the London Stock Exchange Group (LSEG.L) jumped 6.7% after the exchange operator said it would sell 20% of its post-trade services business, announced a surprise 1 billion pound ($1.34 billion) buyback and reported better-than-expected third-quarter results. Rentokil (RTO.L) jumped 11.8% after the pest control firm reported a better-than-expected rise in quarterly organic revenue. A largely upbeat earnings season, jump in commodity stocks and signs of cooling inflation that supported bets of a Bank of England interest rate cut have supported UK equity markets this week. The FTSE 100 is on track for its best weekly performance since mid-April. The FTSE midcap index of domestically oriented stocks (.FTMC) rose 0.1%, trading at a near four-year high. An index of UK precious metal miners (.FTNMX551030) advanced 4.5%, tracking gold prices, as U.S. sanctions against Russia and possible new export controls on China stoked geopolitical concerns, buoying demand for safe-haven assets. (GOL/) On the downside, Holiday Inn owner InterContinental Hotels (IHG.L) dipped 1.2%, despite a rise in a key revenue metric as growth slowed in US markets. St James’s Place (SJP.L) shed 4% as the fund manager forecast weaker flows for the fourth quarter. Renishaw (RSW.L) fell 6% to the bottom of the FTSE 250 index after the engineering firm posted weak quarterly sales. ### Related Stocks - [LSEG.UK - London Stock Exchange Group plc](https://longbridge.com/en/quote/LSEG.UK.md) - [BP.US - BP PLC-Spons](https://longbridge.com/en/quote/BP.US.md) - [SHEL.US - Shell](https://longbridge.com/en/quote/SHEL.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Exclusive: Fintech unicorns lukewarm on Reeves’ stamp duty holiday | Fintech unicorns Zilch and Thought Machine have expressed skepticism about the UK Treasury's recent stamp duty holiday f | [Link](https://longbridge.com/en/news/276198759.md) | | LSEG to build blockchain-friendly digital settlement platform | LSEG plans to create an on-chain settlement service called the LSEG Digital Securities Depository, connecting traditiona | [Link](https://longbridge.com/en/news/275759152.md) | | REG - IVZ II Gbl Act Esg $ - Net Asset Value(s) | Invesco Global Active ESG Equity UCITS ETF has reported a net asset value (NAV) of $1,503,495,552.07 as of February 13, | [Link](https://longbridge.com/en/news/276038436.md) | | REG - RBC Europe Ltd LondonMetric - Form 8.3 - LondonMetric Property plc | RBC Europe Limited disclosed its position regarding LondonMetric Property plc, reporting ownership of 11,162,632 relevan | [Link](https://longbridge.com/en/news/276340872.md) | | REG - Raymond James WM LondonMetric - Form 8.3 - LondonMetric Property 130226 | Raymond James Wealth Management Ltd disclosed an opening position in LondonMetric Property plc, representing 1% of relev | [Link](https://longbridge.com/en/news/276235844.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.