The FTSE 100 rose to a fresh record of 8,120 on Friday, buoyed by positive earnings results of the US tech giants and Darktrace rally. The mid-cap firm soared by over 16% on $5.32 billion buyout deal by Thoma Bravo. Domestically, UK consumer sentiment surged to a 2-year high in April, indicating improved households' views on the economy and personal finances. Investors will now await US PCE price data. The top gainers of the day were NatWest (3.3%), Ashtead (2.2%), Scottish Mortgage (2%), Prudential (1.9%), and Rio Tinto (1.9%), NatWest increased after reporting a 27% fall in profit for the Q1 of 2024, less than anticipated. In contrast, Barclays (-2.2%), Anglo American (-1%), and Pearson (-1.7%) declined. Anglo American turned down BHP's proposal, saying the bid sharply undermined the miner and its future prospects. Meanwhile, Pearson fell despite meeting its expectations for underlying sales. Weekly, the index was poised for nearly 3% rise, its best performance in 7 months.
The main stock market index in the United Kingdom (GB100) increased 392 points or 5.07% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from United Kingdom. Historically, the United Kingdom Stock Market Index (GB100) reached an all time high of 8145.50 in April of 2024. United Kingdom Stock Market Index (GB100) - data, forecasts, historical chart - was last updated on April 26 of 2024.
The main stock market index in the United Kingdom (GB100) increased 392 points or 5.07% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from United Kingdom. The United Kingdom Stock Market Index (GB100) is expected to trade at 7816.63 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7422.18 in 12 months time.