London shares recover as bond sell-off eases, oil prices slip

By Reuters News

- The UK's FTSE 100 rebounded on Friday, as easing oil and bond yields helped allay inflation concerns after a global bonds sell-off dented risk appetite earlier this week.

The blue-chip FTSE 100 index .FTSE rose 0.28% to 10,455.34 points by 1007 GMT, but was headed for its sharpest weekly decline since April. The midcap FTSE 250 .FTMC climbed 0.52% to 24,267.39 points.

  • Oil prices , eased about 3% after a sharp rise a day earlier as reports about talks on additional diesel and crude stock releases eased concerns over tight global energy supplies O/R

  • Global shares rose as wild volatility in bond and currency markets eased ahead of key US jobs data, which could shape expectations for the Federal Reserve's next policy move

  • Gilt yields dropped, with the benchmark 10-year gilt yield falling to 5.332% after climbing to its highest since 2007 in the previous session

  • The retreat in yields helped push rate-sensitive homebuilders .FTNMX402020 up 1.1% after a 5% drop a day earlier

  • Still, banks continued to remain under pressure, with the index of UK lenders .FTNMX301010 set for its biggest weekly drop since March

  • Among stocks, IG Group IGG.L tumbled 22% after the online trading platform cut its 2026 revenue growth forecast, citing weak market conditions that hurt client retention in its over-the-counter (OTC) derivatives business. Peers Plus 500 PLUSP.L and CMC Markets CMCX.L declined 4.7% and 8.8%, respectively

  • BAE Systems BAES.L advanced about 1% after reports that the company is among the potential bidders that are in the early stages of exploring an offer for Robin Radar Systems

  • Pub chain J D Wetherspoon JDW.L climbed 6.9% after reporting stronger sales growth since July, aided by sunny weather, while warning of rising costs and closures

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk