FTSE 100 Pauses After Last Week’s Rally as Energy Stocks Boost Index

London’s FTSE 100 remained largely unchanged on Tuesday, as investors paused following last week’s record highs. The blue-chip index stood at 9,480.84 at 1050 GMT, while the mid-cap FTSE 250 slipped 0.2%. Gains in major energy stocks helped offset broader market declines, keeping the overall market relatively steady.

Retailers led the losses, with the FTSE 250’s B&M plunging 5.5% to its lowest level in over five years after forecasting a drop in annual profit amid weak sales. Homebuilders also declined after Halifax reported that the rise in British housing prices slowed to 1.3% over the past year, the weakest growth since April 2024, weighing on the household goods and construction sector.

On the upside, energy shares rose 1.3%, with Shell climbing 1.6% following a higher third-quarter LNG production forecast. Other notable performers included Imperial Brands, up 2.1% on a new share buyback announcement, and Rentokil, which surged 2.4% after receiving a double-upgrade from Bernstein. Analysts expect markets to remain in a wait-and-watch mode amid ongoing U.S. government shutdown concerns and European political uncertainties.

Pic Courtesy: google/ images are subject to copyright