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FTSE 100 rises on strong Next, Glencore results; 1947 Oil & Gas plans AIM IPO

Market News
05 Aug 2026
Proactive Investors - Finance
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Bullish
FTSE 100 rises on strong Next, Glencore results; 1947 Oil & Gas plans AIM IPO

The FTSE 100 index rose as shares of Next and Glencore gained on strong quarterly results, with Next upgrading its profit forecast and Glencore announcing $1.5 billion in shareholder returns. Legal & General also beat profit expectations, boosting market confidence. Meanwhile, 1947 Oil & Gas plans a £50 million AIM IPO to acquire a Houston-based producer, led by industry veterans. Oil prices fell on hopes of a diplomatic solution in the Gulf, supporting broader market gains and easing inflation concerns.

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