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FX.co ★ FTSE 100 Little Changed In Lackluster Trade

FTSE 100 Little Changed In Lackluster Trade

UK stocks remained relatively stable on Thursday despite political upheaval in France, where Prime Minister Michel Barnier suffered a defeat in a no-confidence vote.

The FTSE 100 index saw a slight increase, closing at 8,343, recovering from a 0.3 percent drop experienced on Wednesday.

Vodafone's shares gained approximately 1 percent following the approval by the national antitrust authority for its $19 billion merger with Hutchison's Three UK.

DS Smith, specializing in paper and packaging, experienced a 1.2 percent decline after reporting a drop in both revenue and profits for the first half of the year.

AstraZeneca's stock edged up by 0.5 percent, bolstered by the FDA's approval of Imfinzi for treating limited-stage small cell lung cancer.

Shares of Shell fell by over 1 percent after announcing a joint venture with Equinor UK to consolidate their UK offshore oil and gas assets into a new entity.

Future Plc's shares surged by 15 percent as it released its full-year financial results for 2024.

Conversely, Frasers Group experienced a 12 percent decline after the sportswear and fashion retailer reduced the upper range of its full-year profit forecast.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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