---
title: "Oil giant and mining stocks propel the FTSE 100 to a record high."
publisher: "Share Talk"
author: "sharetalk"
published: "2025-02-10T20:15:50+00:00"
modified: "2025-02-10T20:15:50+00:00"
date: 2025-02-10
canonical: "https://www.share-talk.com/oil-giant-and-mining-stocks-propel-the-ftse-100-to-a-record-high/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/FTSE-100-15-NOV-23.jpg?fit=1200%2C800&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Oil giant and mining stocks propel the FTSE 100 to a record high.

**Published:** February 10, 2025
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/FTSE-100-15-NOV-23.jpg?fit=1200%2C800&quality=89&ssl=1)

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London’s blue-chip FTSE 100 closed at a record high on Monday, driven by gains in oil giant BP and a boost from rising precious metal mining stocks.

BP led the way, surging 7.4%—its strongest daily performance in two years—after investor Elliott Management acquired a stake in the company, with expectations that it will advocate for strategic and boardroom changes.

The energy sector advanced by about 2.1% as global oil prices ticked higher, recovering from three consecutive weeks of declines.

The mining sector also performed strongly, increasing roughly 3.6% as gold prices continued to hit record levels amid heightened safe-haven demand triggered by trade war and inflation concerns following Donald Trump’s tariff move.

Britain’s largest renewable power generator, Drax, saw its shares rise approximately 3.8% after finalizing a subsidy deal with the UK government covering the period from 2027 to 2031.

Overall, the FTSE 100 climbed 0.8%, while the more domestically focused FTSE 250 advanced 0.9%. Across Europe, the Stoxx 600 index ended the day 0.6% higher, as investors dismissed concerns over Trump’s tariff measures.

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