FTSE 100 Flattens, Tesco and Financials Shine Amid Industrial Weakness
London's FTSE 100 remained flat as gains in Tesco and financials were offset by a decline in industrial stocks. Tesco surged 4.2% after increasing its profit forecast. In financials, 3i Group advanced while Experian faced a 6.6% drop. Meanwhile, Morgan Sindall boosted the FTSE 250.
The FTSE 100 in London held steady despite two prior record-setting sessions, with industrial weaknesses overshadowing gains in the financial sector. Tesco's shares climbed as the supermarket chain raised its annual profit forecast, while 3i Group saw a rise amid potential asset divestments.
Financial stocks buoyed the investment banking index, while industrial support services struggled, as reflected in Experian's sharp decline due to strategic changes by FICO. Meanwhile, healthcare stocks slightly eased after a previous surge.
In the midcap space, Morgan Sindall's announcement of strong expected results for financial year 2025 lifted the FTSE 250 marginally. Traders remain alert to potential impacts from a U.S. government shutdown affecting data releases.
(With inputs from agencies.)
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