FTSE 100 Dips After Previous Record Close

The FTSE 100 has slipped around 0.6% on Wednesday, easing back after Tuesday’s record-setting advance.

The pullback contrasted with mixed trading across Europe, where the DAX is up 0.4%, the CAC 40 has dipped 0.3% and the Stoxx 600 is unchanged.

Vodafone is among the index’s strongest performers, rising 2.3% after an upgrade from Berenberg. The broker lifted its rating for the stock to Buy and set a price target of 119p, saying it now sees greater potential for the company to deliver in its key markets and highlighted what it views as considerable longer-term value opportunities.

WELCOME BONUS - Free Share Bundle When You Invest £50! Get up to £500 cashback for investing with IG.

Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.

5.0

Open Account Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Mondi and SSE also advanced, gaining 1.4% and 1.3% respectively.

Miners are under pressure, with Antofagasta falling 3.4% and Fresnillo down 3.3%. BP also weakened amid a slide in oil prices so far in the session. The oil giant has dropped 2.7%, contributing to the index’s broader decline.

Outside the FTSE 100, Topps Tiles rose 3.7% in early trading after delivering another positive quarterly update.

The retailer reported its fifth consecutive quarter of like-for-like growth in its main brand. For the 13 weeks to December 27, 2025, group revenue excluding CTD increased 3.7% year on year, outperforming a subdued home improvement market that saw declines through October and November.