Banking and Energy Rally Lifts FTSE 100

London’s blue-chip index finished Tuesday in positive territory, buoyed by a broad recovery in the banking and energy sectors. The momentum spilled over into the mid-cap market, as investors reacted to a flurry of activity and a significant consolidation move within the support services industry.

Editorial·July 21, 2026·reads: 1,285

Mitie Group emerged as the day's clear leader after announcing a £3.1 billion buyout agreement with OCS Group, a development that sent its shares surging and provided a sharp catalyst for market sentiment. Alongside these gains, the FTSE 250 index mirrored the positive trend, recording a 0.90% increase by the closing bell.