FTSE 100 Rises on Friday

The FTSE 100 Index went up by 24 points or 0.23 percent on Friday to close at 10452 points. The rise was led by Halma (4.10%), Antofagasta (3.04%) and Anglo American (2.97%). On the downside, the weakerst performers were IG Group Holdings (-21.19%), Babcock International (-2.21%) and Standard Chartered (-2.12%).

The FTSE 100 rose on Friday, recovering after four consecutive sessions of losses as financial markets showed signs of stabilising following a volatile week. Despite the rebound, the UK benchmark recorded a weekly decline of around 2%. In the FTSE 250, JD Wetherspoon shares climbed more than 8% following the pub operator’s latest update. Although full-year profit fell by more than analysts had expected, revenue came in slightly ahead of forecasts. IG Group, meanwhile, was the FTSE 100’s weakest performer, plunging more than 20% after warning that annual revenue growth would reach only the mid-single-digit range.

The FTSE 100 moved higher on Friday, attempting to recover after four consecutive sessions of losses as financial markets showed signs of stabilising following a volatile week. Despite the rebound, the UK benchmark remained on course for a weekly decline of around 2%. In the FTSE 250, JD Wetherspoon shares climbed more than 6% following the pub operator’s latest update. Although full-year profit fell by more than analysts had expected, revenue came in slightly ahead of forecasts. IG Group, meanwhile, was the FTSE 100’s weakest performer, plunging more than 20% after warning that annual revenue growth would reach only the mid-single-digit range. The online trading company attributed weaker revenue to less favourable market conditions. The announcement also triggered selling across the sector, with CMC Markets and Plus500 both falling more than 7%.