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Britain's FTSE indexes climb as consumer earnings boost offsets banks, energy drag
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Britain's FTSE indexes climb as consumer earnings boost offsets banks, energy drag
Jul 28, 2026 3:36 AM

(For a Reuters live blog on U.S., UK and European stock markets,

click or type LIVE/ in a news window)

* FTSE 100 up 0.5%, FTSE 250 up 0.2%

* Unilever ( UL ) jumps after lifting annual sales forecast

* Barclays ( BCS ) falls despite beating first-half profit estimates

* Energy stocks slide as oil prices drop over 2%

July 28 (Reuters) - London's main FTSE indexes edged higher

on Tuesday, supported by earnings-driven gains in

consumer-focused stocks, including Unilever ( UL ) and Man Group ( MNGPF ),

shrugging off pressure from declines in banks and energy shares.

The blue-chip FTSE 100 index rose 0.5% to 10,845.71

points by 0950 GMT, while the mid-cap FTSE 250 climbed

0.2%.

* Unilever ( UL ) jumped 6.8%, putting it on track for its

biggest one-day gain in two years, after the companyraised its

annual forecast and delivered its strongest quarterly volume

growth in more than a decade, as consumers continued to buy

brands such as Vaseline, Dove and Cif despite concerns over

household budgets.

* Coats jumped 7.1% to the top of the FTSE mid-cap

index after the thread maker reported higher first-half profit.

* Meanwhile, banks led sectoral declines,

falling 0.7% after Barclays ( BCS ) slipped 5.1% despite

reporting a better-than-expected 17% rise in first-half profit,

suggesting investors had already priced in robust results from

British banks.

* Energy stocks also fell 0.6% as oil prices

slid more than 2% as hopes for a resolution to the U.S.-Iran

conflict grew.

* Among individual stocks, Man Group ( MNGPF ) shares jumped

4.6% to their highest since 2010 after the hedge fund manager

posted a better-than-expected 11% half-yearly rise in assets

under management.

* Canal+ ( CNALF ) jumped 6.2% after the French pay-TV and

media group reported a slight rise in half-year revenue, as

growth in its legacy businesses offset a narrowing decline at

MultiChoice, the African broadcaster it acquired last year.

* Policy statements from the U.S. Federal Reserve and the

Bank of England will be watched later this week for hints on the

central banks' next likely moves.

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