FTSE 100 Attempts Gains after 6-Day Loss
2026-04-28 07:41
By
Agna Gabriel
1 min. read
The FTSE 100 was flat to higher on Tuesday after six straight sessions of losses, as investors weighed ongoing tensions in the Middle East and limited progress in US-Iran talks.
Brent crude climbed above $111 per barrel, with the Strait of Hormuz still largely impassable, continuing to disrupt global trade flows.
Energy stocks provided support, with BP rising around 3% after reporting stronger-than-expected quarterly profit, driven by higher oil prices and trading gains, despite a warning of production impacts.
Centrica and Shell also gained more than 1%, while Anglo American edged higher after reporting solid copper output following the restart of a Chilean plant.
On the downside, Barclays fell over 3% despite announcing a £500 million share buyback, and Taylor Wimpey dropped more than 4% as it flagged pricing pressure amid weak housing affordability.
Meanwhile, UK shop price inflation slowed to 1% in April as retailers cut prices to attract cautious consumers.