FTSE 100 Snaps 6-Day Losing Streak

2026-04-28 15:53 By Agna Gabriel 1 min. read

The FTSE 100 edged higher on Tuesday, ending a six-day losing streak as energy stocks led gains while investors continued to assess Middle East tensions and limited progress in US-Iran negotiations.

Brent crude rose above $111 per barrel, with the Strait of Hormuz still largely restricted, keeping global trade flows under pressure.

BP gained 1.1% and Shell rose 1%, with BP also reporting a stronger-than-expected quarterly profit driven by higher oil prices and trading gains despite caution on production.

Lloyds Banking added 1.1% ahead of earnings, while HSBC, Unilever and BAT also provided support with gains.

On the downside, Taylor Wimpey fell more than 4% amid weaker housing affordability and pricing pressure, while Anglo American dropped over 2.5% despite solid copper output following the restart of a Chilean operation.

Barclays slipped after announcing a £500 million buyback.

UK shop price inflation eased to 1% in April as retailers cut prices to support demand.



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2026-04-28
FTSE 100 Snaps 6-Day Losing Streak
The FTSE 100 edged higher on Tuesday, ending a six-day losing streak as energy stocks led gains while investors continued to assess Middle East tensions and limited progress in US-Iran negotiations. Brent crude rose above $111 per barrel, with the Strait of Hormuz still largely restricted, keeping global trade flows under pressure. BP gained 1.1% and Shell rose 1%, with BP also reporting a stronger-than-expected quarterly profit driven by higher oil prices and trading gains despite caution on production. Lloyds Banking added 1.1% ahead of earnings, while HSBC, Unilever and BAT also provided support with gains. On the downside, Taylor Wimpey fell more than 4% amid weaker housing affordability and pricing pressure, while Anglo American dropped over 2.5% despite solid copper output following the restart of a Chilean operation. Barclays slipped after announcing a £500 million buyback. UK shop price inflation eased to 1% in April as retailers cut prices to support demand.
2026-04-28
FTSE 100 Attempts Gains after 6-Day Loss
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.
2026-04-28