FTSE 100 Edges Up on Wednesday

2026-09-23 15:54 By Agna Gabriel 1 min. read

The FTSE 100 edged up on Wednesday, outperforming its European peers thanks to gains in energy shares.

Oil majors Shell and BP rose 1.8% and 2.8%, respectively, due to a renewed advance in oil prices.

Defence stocks also performed well, with aerospace company BAE Systems up 1.9%, submarine contractor Babcock climbing 2.6%, and engine-maker Rolls-Royce rising 1.3%.

On the other hand, JD Sports tumbled more than 3% after maintaining its guidance, and trimming its outlook last month amid weakness in the trainer market.

Diageo fell around 0.8% after appointing Joanne Wilson, currently CFO of WPP, as its new chief financial officer from 2027.

Meanwhile, Airtel Money confirmed plans for a London listing that could become the city’s largest IPO since 2021.

On the data front, the UK Composite PMI eased to 51.7 in September, slightly under market expectations of 52.



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