FTSE 100 Rally Continues Despite MRO Decline

The FTSE 100 rose 0.5% on Friday morning, extending its recent momentum as it traded at 10,892 and moved closer to the 11,000 mark.

The FTSE 250 gained 0.4%. Across Europe, France’s CAC 40 dipped 0.1%, while Germany’s DAX advanced 0.3%.

Rightmove led the FTSE 100 risers, climbing 5% after releasing full-year results. The company, which faces the possibility of dropping out of the blue-chip index in the upcoming reshuffle, reported underlying profit of £297.7 million, an increase of 9%.

It also announced an 8% uplift in its final dividend to 6.59p per share, helping drive the share price to 451.4p.

At the other end of the index, Melrose Industries plunged 13.3%. The group recorded an 8% revenue rise for 2025, supported by strong after-market demand and continued momentum in its engines division.

However, it revealed that 2026 revenue is likely to fall short of market expectations due to ongoing supply chain pressures. Melrose now forecasts revenue of between £3.75 billion and £3.95 billion, below analysts’ estimates compiled by LSEG.

Shares in International Airlines Group slipped 3.6% despite the company reporting what it described as standout 2025 financial results.

Operating profit rose 13.1% to €5 billion, with revenue up 3.5% to €33.2 billion and margins improving to 15.1%. Nonetheless, the stock edged lower even as the airline group pointed to favourable conditions for 2026.

Other notable FTSE 100 movers included Airtel Africa, up 3.8%, and Fresnillo, up 3.2%.