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FX.co ★ FTSE 100 Little Changed In Lackluster Trade

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typeContent_19130:::2024-12-05T09:26:00

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.

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