London’s FTSE 100 rises amid hopes of new UK-US trade deal - London’s top stock market index was up 53.53 points, or 0.61%, to end the day at 8,809.74.

Britain’s stock market can survive the wave of companies quitting to move to New York, the head of the London Stock Exchange Group (LSEG) has said. David Schwimmer, LSEG’s chief executive, said London’s position as one of the “top three or four” markets in the world to raise money meant it could ride out the storm.

Two former FTSE 100 stocks were in the spotlight today after Just Eat Takeaway.com backed a £3.4 billion takeover and B&M European Value Retail cut profit guidance. The developments came as London’s blue-chip index added 19.89 points to 8679.26, a resilient performance given Friday’s heavy selling on Wall Street.

MORE than a dozen FTSE companies dumped their figures on the City yesterday to comply with rules to report within three months of their annual results. The “Super Thursday” trend started because

Donald Trump and Keir Starmer met in Washington, raising hopes the UK could escape tariffs the US has threatened on others.

Glencore, which listed in London 14 years ago in a blockbuster flotation, made the comments after it posted a 1.6 billion US dollar loss (£1.3 billion) for 2024 against a 4.3 billion dollar (£3.4 billion) net income in 2023 after being hit by impairments.

rallied 9.7p to 879.4p and Lloyds Banking Group cheered 0.4p to 64.6p ahead of Thursday’s results. Wall Street’s holiday for Presidents’ Day meant thin trading volumes elsewhere in London as the FTSE 100 index edged 13.98 points higher at 8746.44.

International Consolidated Airlines Group (LON: ICAG) SA has announced a €1 billion (£830 million) buyback after the British Airways owner grew profit last year. Post-tax profit climbed 2.9% to €2.7 billion in the year to December 31, the airline reported Friday, as revenue took off 9.0% to reach €32.1 billion.

payments platform Klarna and Aspen Insurance have all opted for New York over London of late, while FTSE 100 construction rental firm Ashtead also said in December that it planned to shift its primary listing to New York. More recently, consumer group ...