FX.co ★ FTSE 100 Little Changed on Monday

The FTSE 100 index remained relatively stable on Monday, following two consecutive sessions of approximately 1% losses. This provided a more composed start to the trading week after Friday’s sharp decline caused by Chancellor Rachel Reeves’s reversal on income tax plans. Notably, WPP emerged as a top performer, climbing nearly 4% amid news that Dutch communications firm Havas has expressed significant interest in a potential acquisition. Despite a 65% drop in WPP shares this year due to client spending reductions and disruptions caused by AI, this development has reignited investor interest. Other notable gainers included 3i, which rose over 2.5%, SSE with an increase of more than 1.5%, and British American Tobacco advancing by approximately 1.5%. However, these gains were counterbalanced by a 4% decline in Burberry shares, along with a downturn in mining stocks. Anglo American and Antofagasta each fell by over 1%, while Glencore experienced a 0.8% drop.