UK blue-chips Rio Tinto (RIO) reported underlying earnings of $10.87 billion for 2025, exceeding analyst forecasts despite weaker iron ore prices. The world's largest iron ore producer maintained earnings at 2024 levels through stronger copper and aluminum volumes and tighter cost control.

However, net profit fell 14% to $9.97 billion due to higher debt and acquisition-related items. This result contributed to the FTSE 100 easing 0.4% on Thursday as broader European markets softened, while the pound remained steady at 1.3513 against the dollar. Centrica PLC (CNA) reported a statutory loss of £72 million for 2025, a stark contrast to the £1.33 billion profit a year earlier, citing falling energy prices and asset impairments.