Stock analysis posts tagged "FTSE 250" from Openbook.
John Healey's first Budget spared the banks and hit the housebuilders, leaving the FTSE 100 flat for the week to Wednesday's close while the FTSE 250 gained 1.7%. HSBC, Reckitt and GSK all fell on results.
UK inflation at 3.5% took away the rate-cut cushion, and London's refuge trade broke: the FTSE 100's first weekly fall in three weeks, down about 2%.
The FTSE 100 fell about 1.2% over the week's first three sessions as a Bank of England examination of Barclays knocked the banks and September inflation came in hotter than forecast at 3.5%. Energy was the one sector consistently in the green.
Tokyo fell 4.9% in a session and Seoul 6.12%, yet the FTSE 100 closed Thursday at 10,840.35, its highest since 26 August. Composition, not optimism.
The FTSE 100 hit a three-week high after the Bank of England's Huw Pill questioned market bets on four rate rises. Banks led Monday's rally, while London Stock Exchange Group slid on a $3.5bn deal.
Softcat's FY26 underlying operating profit rose 19.4% to £215.1m, yet the shares fell on an FY27 guide that excludes the $1.05bn GDT acquisition.
The FTSE 100 gave back two days of gains on Wednesday as the 30-year gilt yield returned to 6%, knocking Prudential, Standard Chartered and HSBC. Informa struck a £2.24bn deal for Clarion and Asos slid on a hacking claim.
London's blue chips and its mid caps parted company in the week to Wednesday's close, as a new government equity-loan scheme sent housebuilders and their suppliers sharply higher while miners and energy dragged the FTSE 100 lower.
The FTSE 100 closed Wednesday at 10,719 after three sessions steered by the oil price, while Airtel Africa confirmed plans to float Airtel Money in London at up to $9bn. Kingfisher raised guidance and Craneware slumped a quarter.
Barratt Redrow jumped almost 12% on Wednesday as gilt yields backed away from 19-year highs, capping three choppy London sessions in which oil, UK inflation at 3.1% and a weak jobs report pulled the FTSE 100 in every direction.
Brent crude pushed above $100 a barrel on Wednesday and the FTSE 100 fell 1.38%, its worst session of the week so far. Victrex, Energean and Antofagasta rose, while Computacenter reversed a results-day rally.
Computacenter guided 2026 adjusted profit to at least 380m pounds, 11% above consensus, on a record 9.3bn backlog. The shares moved only 4%.
Dunelm held FY26 profit at 211.0m pounds and guided FY27 broadly flat after a hot spell hit trading. Its 100m cost plan pays out in FY29, not now.
London's two-session week was dominated by a global bond rout: 10-year gilt yields hit their highest since June 2008 and the FTSE 250 fell to a one-month low, even as three UK companies agreed takeovers in a single day.
Five sessions, a six-day winning streak, a 0.8% slump and a Friday rebound left the FTSE 100 up 1.29 points on the week. Little of it was British news.
The FTSE 100 spent Monday to Wednesday inching towards 10,900 before easing back, while a near-£10bn government affordable-homes allocation gave Vistry its best day since 2020 and a third straight fall in Brent weighed on BP and Shell.
The FTSE 250 record high is a supply signal, not a recovery signal. Mid-cap Britain is being bought and delisted faster than it is being replaced, and the index rises as the market shrinks.
The FTSE 100 ended Monday to Wednesday all but flat as Brent near $92 lifted BP and Shell, while UK inflation rose to 2.9% and the FTSE 250 slipped 0.9%. Kainos and Made Tech surged on guidance upgrades; Smith & Nephew fell as its finance chief quit.
London's blue chips slipped in all three sessions from Monday to Wednesday as Brent crude neared $90 a barrel, with Imperial Brands, Spirax and Legal & General among the fallers while Balfour Beatty hit a record high.
AstraZeneca fell 9% on a reported Bristol Myers Squibb merger approach, Prologis agreed a £14bn deal for SEGRO, and a slide in oil reshaped London's week as the FTSE 250 set back-to-back record closes.