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FTSE 100 breaks 10,000 mark for first time, capping stellar year for UK market

about 13 hours ago
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The UK’s blue-chip share index has broken through the 10,000-point level for the first time, as London shares continued to rise after a bumper 2025,The FTSE 100 jumped on Friday morning - the first trading day of the year - to a high of 10,046, a new peak for the index, before easing back slightly,The milestone marks a stellar 12 months for the “Footsie”, which rose by 21,5% over the course of last year,The index of the UK’s biggest listed companies was lifted on Friday by the engineering company Rolls-Royce and the luxury fashion group Burberry, which were among the top risers of the day, up about 4%.

The last five trading sessions of the year and the first two of the new year are known as the “Santa Claus rally period”, when shares often rise amid light trading volumes.The chancellor, Rachel Reeves, hailed the milestone moment as “a vote of confidence in Britain’s economy and a strong start to 2026”.Dan Coatsworth, the head of markets at the stockbroker AJ Bell, said:“Breaking through the 10,000 level is the best new year’s present Rachel Reeves could want.She has been banging the drum about the merits of investing over parking cash in the bank, and the FTSE 100’s achievements just go to show what’s possible when buying UK shares.“It also proves to cynics that the UK market is not stuck in the mud, and that the US stock market is not the only place to make money.

”The rally in London helped to lift the pan-European Stoxx 600 index to a record high on Friday morning, led by the mining and energy sectors.Global markets have risen sharply over the past 12 months, lifted by hopes of interest rate cuts from central banks, the artificial intelligence boom and a supportive economic backdrop.Although there was a wobble in the markets last April when Donald Trump announced steep tariffs on US trading partners, shares then recovered as trade war tensions have eased.The uncertainty created by Trump’s trade wars encouraged some investors to diversify away from the US, and into cheaper markets such as the UK during 2025.The FTSE 100 contains the 100 most valuable companies listed in London.

It was created in 1984, when it started at 1,000 points – the lowest the index has ever reached is 986.9 in July 1984.The FTSE 100 has a strong international focus, containing mining companies such as Rio Tinto and Anglo American and the oil groups BP and Shell.It also contains the pharmaceuticals companies AstraZeneca and GSK, and the industrial groups Rolls-Royce and BAE Systems, plus banks including Barclays, Lloyds, HSBC and NatWest, consumer-focused firms such as Unilever, the supermarkets Sainsbury’s and Tesco, and utilities such as power and water suppliers.Fresnillo was the best-performing stock on the FTSE 100 last year, up about 450% over the year as the gold and silver prices have jumped.

Defence stocks also had a good year, with Babcock and Rolls-Royce doubling in value since the start of January 2025.Neil Wilson, an investor strategist at Saxo UK, said: “Defence names really stand out globally one year into President Trump’s presidency.“In Europe, his pressure on Nato members to take greater responsibility for their own defence spending has triggered a paradigm shift in how the continent views security, and that’s been reflected in the strength of European and UK defence stocks.”Wall Street analysts have predicted that global markets will rise during 2026 despite fears that AI company valuations are a bubble.A poll by the trading company eToro last month found that UK retail investors were optimistic about the year ahead, with 53% confident the current bull market would continue throughout 2026.

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How to make garlic bread – recipe | Felicity Cloake's Masterclass

Once upon a time, an ex and I used to throw an annual party – a non-chic affair with a recycling bin full of ice and bottles – where the star, and the thing that everyone really came for, was the garlic bread: 10 or 15 loaves of the stuff, always demolished while still dangerously hot from the oven. I believe the original recipe was Nigel Slater’s; this is my tweaked version.Prep 15 min Cook 25 min Makes 1 loaf1 ciabatta loaf, or baguette – a slightly stale one, ideally80g room-temperature butter, salted or unsalted4 garlic cloves 1 small bunch parsley, or another herb of your choice (see step 6)40g parmesan, or similar hard cheese, finely grated, plus a little extra for toppingA squeeze of lemon juice, to finishSalt, to taste (if using unsalted butter)You can prepare this ahead of time (and you should, too, if you want to get the smell of garlic off your hands before the festivities begin) – the day before, or even up to a month in advance (in which case, wrap, freeze and bake straight from frozen, though, if you do so, add five to 10 minutes to the cooking time). In both cases, wrap it well in foil before storing.While day-old bread is easier to butter, it must still be soft enough to absorb large quantities of butter (anything too dense or crisp will repel it) and robust enough to maintain its structural integrity once soaked

3 days ago
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Festive finger food: how to use Christmas leftovers to make New Year’s Eve canapes | Kitchen aide

What canapes can I make for New Year’s Eve with my Christmas leftovers that will still feel special?Ella, via email Finger food needn’t be fancy, so New Year is a good opportunity to clear the decks. The only real rule is to keep things to just one bite – no one wants to be manoeuvring a fork, after all. “People just want a big hug of comfort food with a decadent twist,” says Max Bergius, founder of Secret Smokehouse in east London. “If you’ve got a bit of smoked salmon left, get that on blinis and top with lumpfish caviar, which is only £2-£3 per 50g pot.” Mini fishcakes would also be just the ticket: “Whether you’ve got leftover smoked haddock or hot smoked salmon, fold it through mashed potato, mix with dill, lemon and fried leeks, then roll in panko and deep-fry

3 days ago
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Rukmini Iyer’s quick and easy party platters: halloumi with pineapple salsa and za’atar carrots with labneh | Quick and easy

This hot halloumi platter is such a crowdpleaser that it’s worth making with two blocks of halloumi, even for a smaller group. I like to include this as part of a spread of mixed hot and cold dishes – a jolly, festive update on cheese and pineapple on a stick (which is admittedly hard to improve on). Then, a high-impact, low-effort dish: za’atar roast carrots with labneh and pistachio. On a whim, I hung a carton’s worth of plain yoghurt in muslin for labneh the other week, and now I can’t stop – it takes just 30 minutes for a soft-set, which is what you want here (for a firmer set, leave it to hang for an hour).To get ahead, keep the cut pineapple in a large bowl in the fridge, the chopped mint and chilli in a small bowl, and the red onion and lime juice in another small bowl

3 days ago
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Jose Pizarro’s recipe for caramelised brussels sprout and panceta montaditos

Brussels sprouts are perhaps not the first thing you think of when you think about Spanish food, but they do have a little history in my homeland. They arrived in Spain in the 16th century, through trade with Flanders, and were often paired with pork, which we love. Here, however, I caramelise them with onion, thyme and sweet vinegar, then serve on crisp baguette with soft cheese and pine nuts. A small bite with big flavour, and just right with a glass of oloroso – perfect for festive times.Prep 15 min Cook 35 minMakes About 20 canapes1 tbsp olive oil 125g sliced panceta (Spanish bacon), or pancetta, finely chopped1 medium onion, peeled and finely sliced1 garlic clove, peeled and finely sliced300g brussels sprouts, finely sliced3 sprigs fresh thyme, leaves stripped2 tbsp sweet apple vinegar 2 tbsp soft light brown sugar Salt and black pepper 20 slices fresh baguette 150-200g soft curd cheese, whipped, or whipped cream cheese50g pine nuts, toastedHeat the oil in a large frying pan, then fry the chopped panceta for about five minutes, until golden and crisp

4 days ago
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Tasting 291 Australian supermarket products has taught me there’s no correlation between price and deliciousness

After a year of taste tests, Nicholas Jordan has learned never to judge a food by its packet – including the cooking instructionsImagine going to a work Christmas party and being greeted not by your current workmates and bosses but by everyone you’ve ever worked with. Imagine the mix of dread, nostalgia and excitement that would bring on. That’s how I feel every time I walk into Coles Broadway.After trying 291 supermarket products for 14 taste tests this year (one more than last year’s haul) I feel as if I know all the characters in there and, despite only having relatively short interactions with many, I have strong opinions about all of them.I want to tell everyone my opinions but supermarkets aren’t particularly welcoming places for giddy soap-box speakers

4 days ago
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Drinks ideas to get your NYE party fuelled

Oh, you thought it was all over? After all the carolling, gifting and tree-ing (not to mention the eating and drinking) of the actual Christmassy bit, it feels almost cruel to have to do it all again, and on – in my opinion – one of the most stressful nights of the year: New Year’s Eve.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more.If you’re not paying over the odds and going out, with long queues and stressed-out staff, you’re the stressed-out one yourself

4 days ago
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Ørsted files legal challenge against US government over windfarm lease freeze

about 8 hours ago
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UK house prices unexpectedly fell at end of year, Nationwide says

about 12 hours ago
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Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

about 9 hours ago
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Apple reportedly cuts production of Vision Pro headset after poor sales

1 day ago
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Anthony Joshua’s driver charged with dangerous driving after fatal crash in Nigeria

about 4 hours ago
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Your Guardian sport weekend: World Championship darts final, Ashes and Afcon

about 5 hours ago