The FTSE 100 index experienced an upward movement on Friday, breaking a two-day losing streak as investors processed positive earnings reports and new trade developments. Boosting market sentiment, IAG, the parent company of British Airways, announced a 9.6% revenue increase for the first quarter, surpassing expectations and reaffirming its outlook for the year. Additionally, IAG confirmed its order for approximately 30 Boeing 787 Dreamliners and 21 Airbus aircraft, a move influenced by recent hints from President Trump regarding a UK trade deal.
In the UK property sector, Urban Logistics saw its shares surge by 3% following an acquisition agreement by LondonMetric, signifying a significant transaction in the market. Despite these gains, the FTSE 100 ended the week lower, snapping a three-week trend of advances.
Investor attention remains on key developments from the previous day, namely the Bank of England's interest rate cut. The decision, marked by a hawkish tone due to a split vote and unchanged forward guidance, drew significant focus. Additionally, the announcement of a limited trade deal between the US and UK, which did not meet earlier expectations of a comprehensive agreement, also captured market interest.
