FTSE 100 Rises for Second Session
The FTSE 100 rose 0.2% to around 10,860 on Thursday, extending gains for a second consecutive session and reaching its highest level in almost four weeks. Rolls-Royce climbed more than 2% after announcing an accelerated £1.5 billion interim share buyback and reaffirming its 2026 guidance. Defence company BAE Systems added 0.3% after raising its cash flow forecasts amid strong demand. British luxury fashion house Burberry also rallied more than 7% after reporting a 6% increase in first-half revenue. Broader market sentiment was also supported by stronger-than-expected economic data, with the UK economy growing at its fastest pace in two and a half years.
The FTSE 100 rose 0.2% to around 10,860 on Thursday, extending gains for a second consecutive session and reaching its highest level in almost four weeks. Rolls-Royce climbed more than 2% after announcing an accelerated £1.5 billion interim share buyback and reaffirming its 2026 guidance. Defence company BAE Systems added 0.3% after raising its cash flow forecasts amid strong demand. British luxury fashion house Burberry also rallied more than 7% after reporting a 6% increase in first-half revenue.
Broader market sentiment was also supported by stronger-than-expected economic data, with the UK economy growing at its fastest pace in two and a half years.