FTSE 100 Rebounds on Tuesday

2026-07-21 15:43 By Agna Gabriel 1 min. read

The FTSE 100 gained around 0.5% on Tuesday, as investors digested Andy Burnham’s surprise appointment of John Healey as chancellor and his commitment to fiscal discipline.

Burnham used his first cabinet meeting to reaffirm budget restraint while maintaining his pledge to reduce living costs.

UK economic data provided some support, with public borrowing falling in June and labour market figures broadly matching expectations.

Wage growth eased slightly, while unemployment remained unchanged at 4.9%.

Financials, healthcare, defence and commodity stocks led gains, with Shell and BP rising 0.8% and 1.3% as Brent crude climbed above $91 per barrel.

Babcock’s shares rose 4.5% after UK Prime Minister Andy Burnham told NATO chief Mark Rutte that appointing John Healey as Chancellor showed the government’s commitment to defense spending.

On the other hand, the London Stock Exchange fell more than 2.5% after announcing plans for a 24-hour weekday trading platform.



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