FTSE 100 Today: BP Rally Lifts UK Stocks as Barclays and Taylor Wimpey Fall
UK equities ticked up early Tuesday, the FTSE 100 hovering near 10,340 for a gain of about 0.2% after a higher open. BP and Shell nudged the index upward as crude stayed north of $110 a barrel. But Barclays slipped, weighed by earnings, and Taylor Wimpey lost ground on cost pressures. BP featured among top risers; Barclays sat near the bottom of the pile. London is looking to snap a six-day losing streak—something the market hasn’t seen in over a year. The FTSE 100, tracking the city’s top listed firms, dropped 0.6% to close at 10,321.09 on Monday. Waning optimism over Iran-U.S. peace talks weighed on sentiment.