Today: 19 March 2026
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LSE:MARS 28 January 2026

FTSE 100 today slips as pound jumps and gold hits $5,300; Marston’s dives

FTSE 100 today slips as pound jumps and gold hits $5,300; Marston’s dives

FTSE 100 fell 0.3% to 10,177.85 as a stronger pound hit overseas earners. Gold reached a record above $5,300 an ounce, boosting miners, while Marston’s dropped up to 16% on flat 17-week sales. Traders awaited the U.S. Fed’s policy decision later Wednesday. Oil prices eased but held near four-month highs after U.S. supply disruptions.

Stock Market Today

  • Forum Energy Technologies Sees 46% Backlog Rise, Boosting Long-Term Growth Prospects
    March 19, 2026, 3:20 PM EDT. Forum Energy Technologies (FET) enters 2026 with a 46% increase in backlog to $312 million, marking its highest year-end backlog in 11 years. The firm, a key supplier to oil, gas, and renewables sectors, reported a book-to-bill ratio of 113%, indicating orders outpaced shipments. This growth stems from its 'Beat the Market' strategy, focusing on product differentiation and expanding market reach. Despite subdued North American drilling, FET's diverse global presence and innovation pipeline provide revenue visibility and long-term growth potential. Peer companies NESR and NOV, active in oilfield services and equipment, show varied market momentum, with NESR rising 156.5% in a year and NOV maintaining steady revenue growth driven by higher-quality production projects.
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