The U.K. stock market ended on a positive note on Monday, with the FTSE 100 Index growing by 0.41% to reach 7,630.63.
Among the constituents of the FTSE 100 Index, St. James’s Place PLC, an investment advisors company, saw the largest increase as its shares surged by 5.00%. Following closely behind were abrdn PLC, an investment advisors firm, and Next PLC, a clothing retail company, with their shares climbing by 4.15% and 3.44% respectively.
ITV PLC, a broadcasting company, and Hargreaves Lansdown PLC, another investment advisors firm, also experienced significant gains in their stocks, rallying by 3.20% and 2.97% respectively.
Ocado Group PLC, a food retail company, faced the largest decrease among the FTSE 100 constituents as its shares dropped by 5.80% on Monday. Wholesalers firm Ferguson PLC and technical services company Intertek Group PLC also saw a decline in their stocks, shedding 2.70% and 1.57% respectively.
GSK PLC, a pharmaceuticals company, and Experian PLC, a finance company, rounded out the top five largest decreases, with their stocks falling by 1.11% and 0.90% respectively.
Currency and Commodity Updates
The pound showed strength against the dollar, rising by 0.43% to $1.2197. It also gained slightly against the euro, with a 0.09% increase at €1.1566.
Brent crude experienced a drop of 1.1%, reaching $89.87, while the yield on the 10-year gilt rose by 9.260 basis points to 4.484%.