The FTSE 100 Index Opens 0.15% Lower

The FTSE 100 traded flat to lower on Monday, showing muted reaction to a volatile weekend as the US and Iran agreed to a temporary halt in hostilities ahead of upcoming peace talks. Corporate actions drove individual stock movements, with British American Tobacco shares falling over 1% after announcing a restructuring plan to cut its global workforce by roughly 20%, resulting in 5,500 job losses and 3,500 outsourced roles by year end. Conversely, BT shares advanced 1.4% following a newly secured international partnership with US telecom giant Verizon to merge their global enterprise operations. Meanwhile, broader market attention shifted toward politics as Andy Burnham prepared to deliver a speech in Manchester.

The FTSE 100 Index is losing 16 points. Losses were led by Vistry Group (-2.48%), Babcock International (-2.39%) and Endeavour (-2.31%). Offsetting the fall, top gainers were Entain (1.59%), Scottish Mortgage (1.36%) and BT (1.10%).

The FTSE 100 Index dropped 18 points or 0.17 percent on Friday to close at 10512 points. Losses were led by Croda International (-3.94%), Berkeley (-3.92%) and Vistry Group (-3.21%). Offsetting the fall, top gainers were Endeavour (3.08%), Coca-Cola (2.84%) and Burberry (2.77%).