The FTSE 100 experienced a relatively stable trading day on Monday, following significant declines in the preceding two sessions. This steadiness comes after Friday’s market turbulence caused by changes to income-tax plans. While certain sectors and individual stocks showed notable gains, others faced downward pressure, resulting in an overall flat performance for the index.
- The FTSE 100 traded mostly flat after two sessions of approximately 1% losses.
- WPP shares rose nearly 4% due to reported interest from Havas in a potential deal.
- WPP shares are down 65% this year due to client spending cuts and AI disruption.
- Other gainers included 3i, SSE, and British American Tobacco.
- Burberry dropped 4%.
- Miners weakened, with Anglo American, Antofagasta, and Glencore experiencing declines.
The flat trading day suggests a period of consolidation after recent volatility. Positive movement in specific stocks like WPP indicates potential value opportunities, while declines in other areas, such as Burberry and mining, highlight existing economic concerns. Investors appear to be cautiously reacting to various market factors, including company-specific news and broader economic headwinds.