The FTSE 100 is flat so far on Wednesday morning after closing slightly higher on Tuesday, while the FTSE 250 has risen 0.2%. Germany’s DAX has gained 0.2%, and France’s CAC 40 has slipped 0.5% so far in the session.
Among the top risers on the FTSE 100 were Antofagasta, up 3.4%, followed by ConvaTec at 2.2%, and Barratt Redrow at 2.1%.
Barratt Redrow released a third-quarter trading update, with Chief Executive David Thomas saying: “Barratt Redrow had a solid third quarter, with a resilient reservation rate underpinned by good customer demand. Despite heightened macroeconomic uncertainty, we expect the Middle East conflict to have limited impact on FY26 performance.”
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The company reiterated guidance for FY26 total home completions of 17,200 to 17,800, including around 600 joint-venture homes. It also said it remains on track to deliver adjusted profit before tax in line with consensus expectations of £568 million, citing analyst forecasts compiled by the company as of April 14.
The top FTSE 100 fallers included Imperial Brands, down 3%; Burberry, down 2.3%; and Airtel Africa, down 2.2%. Imperial Brands extended losses from Tuesday after reiterating full-year guidance and forecasting low-single-digit growth in first-half tobacco and next-generation product revenue.
In corporate news, Standard Life announced a £2 billion agreement to acquire Aegon UK. The transaction will be funded through debt, cash and the issuance of new shares, bringing Aegon in as a strategic shareholder and asset-management partner.
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