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LSE:QLT 11 February 2026

UK stock market today: FTSE 100 hits record close as miners climb; St James’s Place sinks on AI fears

UK stock market today: FTSE 100 hits record close as miners climb; St James’s Place sinks on AI fears

London’s FTSE 100 closed at a record 10,472.11, up 1.1%, led by miners and banks, while wealth managers fell sharply on AI disruption fears. St. James’s Place dropped 13.4% on heavy volume. The FTSE 250 slipped 0.2%. Investors await UK GDP data Thursday for signals on Bank of England policy.

Stock Market Today

  • HSBC Sees Tesla Stock Dropping 60% While Wedbush Predicts Tesla-SpaceX Merger
    March 28, 2026, 4:31 AM EDT. HSBC analyst Michael Tyndall warns of a potential 65% decline in Tesla's stock price, targeting $131 per share due to weakening global demand and rising regional preferences for local electric vehicle brands. Tesla forecasts an 8.6% drop in vehicle deliveries for 2025, pressuring revenues and stock performance. Conversely, Wedbush Securities anticipates a 2027 merger between Tesla and SpaceX, citing recent strategic investments and collaborative projects like the Terafab superfactory. Analyst Dan Ives highlights regulatory challenges but notes Elon Musk's plan to increase his Tesla stake while expanding in the artificial intelligence sector through this potential merger.
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