Britain’s FTSE indexes climb as consumer earnings boost offsets banks, energy drag

VoM News Desk | July 28, 2026 | 04:05 PM IST | Breaking News, Business, Stock Market | Follow on Google News

Britain’s FTSE indexes climb as consumer earnings boost offsets banks, energy drag

July 28 (Reuters) – London’s main FTSE indexes edged higher on Tuesday, supported by earnings-driven gains in consumer-focused stocks, including ​Unilever and Man Group, shrugging off pressure from declines in banks and energy ​shares.

The blue-chip FTSE 100 index  rose 0.5% to 10,845.71 points ⁠by 0950 GMT, while the mid-cap FTSE 250 climbed 0.2%.

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• Unilever umped 6.8%, ​putting it on track for its biggest one-day gain in two years, ​after the company raised its annual forecast and delivered its strongest quarterly volume growth in more than a decade, as consumers continued to buy brands such as Vaseline, Dove and Cif despite ​concerns over household budgets.
• Coats jumped 7.1% to the top of the FTSE ​mid-cap index after the thread maker reported higher first-half profit.
• Meanwhile, banks led sectoral declines, falling 0.7% ‌after ⁠Barclays slipped 5.1% despite reporting a better-than-expected 17% rise in first-half profit, suggesting investors had already priced in robust results from British banks.
• Energy stocks also fell 0.6% as oil prices slid more than 2% as hopes for a ​resolution to the grew.
• Among individual stocks, ⁠Man Groupshares jumped 4.6% to their highest since 2010 after the hedge fund manager posted a better-than-expected 11% ​half-yearly rise in assets under management.
• Canal+ jumped 6.2% after the ​French pay-TV ⁠and media group reported a slight rise in half-year revenue, as growth in its legacy businesses offset a narrowing decline at MultiChoice, the African broadcaster it ⁠acquired last ​year.
• Policy statements from the U.S. Federal Reserve ​and the Bank of England will be watched later this week for hints on the central ​banks’ next likely moves.

VoM News Desk

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