London shares recover as bond sell-off eases, oil prices slip
EWU•The FTSE 100 rose 0.28% to 10,455.34 and the FTSE 250 gained 0.52% to 24,267.39 as oil prices and gilt yields eased. The FTSE 100 was still headed for its sharpest weekly decline since April.
1. Indexes rebound
The FTSE 100 rebounded on Friday as easing oil prices and bond yields helped allay inflation concerns after a global bond sell-off earlier in the week. Oil prices fell about 3%, while the 10-year gilt yield dropped to 5.332% after reaching its highest level since 2007 in the previous session. Homebuilders rose 1.1%, but UK lenders were set for their biggest weekly drop since March.
2. Company moves
IG Group tumbled 22% after cutting its 2026 revenue growth forecast, citing weak market conditions that hurt client retention in its over-the-counter derivatives business. Plus 500 fell 4.7% and CMC Markets declined 8.8%. J D Wetherspoon rose 6.9% after reporting stronger sales growth since July, while warning of rising costs and closures. BAE Systems advanced about 1% after reports that it was among potential bidders exploring an offer for Robin Radar Systems.
