FTSE 100 Trades at 4-Month High

2026-07-06 08:00 By Agna Gabriel 1 min. read

The FTSE 100 advanced 0.5% to a four-month high on Monday, building upon a 1.6% gain from the previous week.

Industrial and aerospace stocks spearheaded the upward momentum, with RELX rising 2.3%, BAE Systems climbing 2%, and submarine contractor Babcock adding 1.9%.

Heavyweight support also came from GSK, which increased 1.6%, alongside a 2% gain for British Airways owner IAG and a 0.8% rise for Unilever.

In contrast, precious metals miners Fresnillo and Endeavour shed 0.9% and 0.4% respectively, while Associated British Foods dropped 0.7%.

Corporate dealmaking heavily dominated market sentiment, highlighted by ITV's announcement to sell its media and entertainment unit to Sky for up to £1.6 billion.

Additionally, in the FTSE 250, EasyJet shares surged more than 10% after agreeing in principle to a fifth takeover bid from US investment firm Castlelake, while Ocado confirmed chief executive Tim Steiner will remain in his role through early 2028.



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FTSE 100 Trades at 4-Month High
The FTSE 100 advanced 0.5% to a four-month high on Monday, building upon a 1.6% gain from the previous week. Industrial and aerospace stocks spearheaded the upward momentum, with RELX rising 2.3%, BAE Systems climbing 2%, and submarine contractor Babcock adding 1.9%. Heavyweight support also came from GSK, which increased 1.6%, alongside a 2% gain for British Airways owner IAG and a 0.8% rise for Unilever. In contrast, precious metals miners Fresnillo and Endeavour shed 0.9% and 0.4% respectively, while Associated British Foods dropped 0.7%. Corporate dealmaking heavily dominated market sentiment, highlighted by ITV's announcement to sell its media and entertainment unit to Sky for up to £1.6 billion. Additionally, in the FTSE 250, EasyJet shares surged more than 10% after agreeing in principle to a fifth takeover bid from US investment firm Castlelake, while Ocado confirmed chief executive Tim Steiner will remain in his role through early 2028.
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