LONDON, June 28, 2026, 18:23 BST
- London Stock Exchange won’t have a Sunday cash equity session. Usual trading hours for the London Stock Exchange stay at 0800 to 1630 UK time.
- FTSE 100 closed at 10,508.02, slipping 0.21%. The FTSE 250 finished at 23,147.19, off 0.06%.
- FTSE 100 finished last week 1.40% higher, while the FTSE 250 slipped 0.23% from Friday to Friday. That’s a 1.63-point gap, with blue chips out front.
- Looking at this week, markets get UK Q1 national accounts, the final June PMIs, and an update from J Sainsbury plc on first-quarter trading.
London stocks are showing a split as the new week starts. The FTSE 100 (INDEXFTSE:UKX) was up 1.40% last week, but the FTSE 250 (INDEXFTSE:MCX) slipped 0.23%. The mid-cap gauge still tracks UK demand best, and fresh domestic numbers remain soft.
Blue chips struggled Friday. Energy and banks led the FTSE 100 down, with Shell (LON:SHEL) and BP (LON:BP) each slipping over 0.9% as oil dropped 2.3%. The banks sub-index was off 1.4%. Autos fell 3.9%. Chemicals lost 3.0%. Wise (LON:WISE) stood out, jumping 9.6% after reporting a 21% jump in active customers to 18.9 million for fiscal 2026 and laying out a new share-buyback plan.
This week’s rally leaned more on bid news and gains in finance, not growth stocks. Segro (LON:SGRO) surged 17.4% Wednesday after it turned down a takeover bid from Prologis NYSE:PLD. The FTSE 350 real estate investment trust index also moved up, gaining 6.9%.
Financials led the pack Thursday, climbing 3.1%. 3i Group (LON:III) surged 11.5% after news from its Action retail stake. easyJet (LON:EZJ) added 6.4%, rejecting a fourth improved offer from Castlelake but letting the private equity firm look at some commercial info.
Politics remained in the market, though large caps still outperformed. Chris Beauchamp, chief market analyst at IG Group (LON:IGG), said investors are seeing less uncertainty with Keir Starmer expected to hand over in under a month. “At least minimises the uncertainty for investors,” Beauchamp said. Reuters
| Session | FTSE 100 ends session / move | FTSE 250 finish / change | FTSE 100 less FTSE 250 |
|---|---|---|---|
| June 22 | 10,437.85, up 0.72% | 23,197.01, off 0.02% | up 0.74 pp |
| June 23 | 10,428.85, down 0.09% | 22,926.47, down 1.17% | up 1.08 pp |
| June 24 | 10,461.63, up 0.31% | 23,101.52, up 0.76% | down 0.45 pp |
| June 25 | 10,529.89, up 0.65% | 23,161.41, up 0.26% | up 0.39 pp |
| June 26 | 10,508.02, off 0.21% | 23,147.19, down 0.06% | down 0.15 pp |
| This week | up 1.40% | down 0.23% | up 1.63 percentage points |
Close and movement numbers in the table are from FTSE 100 and FTSE 250 historical data as of June 26. Data:
Investors are focused on the week ahead as the S&P Global flash UK composite PMI dropped to 49.4 in June from 49.7, the lowest in 14 months. The services PMI fell again to 48.7, hitting a 41-month low, while the manufacturing PMI came in at 53.1, still above the 50 mark. Chris Williamson, chief business economist at S&P Global Market Intelligence (NYSE:SPGI), said the survey showed the economy “contracted for a second successive month.” PMI
The FTSE 250 didn’t get much lift from retail data, with few updates from companies coming up. The CBI’s retail sales balance came in at -54 for June, worse than May’s -46 reading. The three-month average was -56, the lowest since 1983. “A gloomy start to the summer,” said Martin Sartorius, lead economist at the CBI. Reuters
Rates are next up. BofA Global Research, part of Bank of America (NYSE:BAC), scrapped its BoE rate hike call for this year, saying, “We no longer have enough conviction to forecast hikes.” Reuters reported that traders are still pricing in at least one 25-basis-point BoE hike before year-end, according to LSEG data. Reuters
The data calendar stays busy. The Office for National Statistics will post revised Q1 national accounts at 0700 BST Tuesday, after a first estimate showed 0.6% quarterly real GDP growth. J Sainsbury plc (LON:SBRY) will also post first-quarter trading numbers that day. Final June manufacturing PMI comes July 1, with final services and composite PMI figures set for July 3.
