FTSE 100 rises after four losses but remains set for 2% weekly decline

  • FTSE 100 shares rose Friday after four consecutive sessions of losses.
  • Around 2% was the benchmark’s projected weekly decline despite Friday’s rebound.
  • IG Group plunged more than 20% after forecasting mid-single-digit annual revenue growth.

The FTSE 100 moved higher on Friday as markets showed signs of stabilising after a volatile week, but the UK benchmark remained on course for a weekly decline of around 2% following four consecutive losing sessions. JD Wetherspoon shares climbed more than 8% in the FTSE 250 after the pub operator reported revenue slightly ahead of forecasts, despite full-year profit falling by more than analysts expected. IG Group was the FTSE 100’s weakest performer, plunging more than 20% after warning that annual revenue growth would reach only the mid-single-digit range, citing less favourable market conditions. The update also weighed on the online trading sector, with CMC Markets and Plus500 both falling more than 7%.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.