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FTSE 100 flat, FTSE 250 down 0.6%
Most major brokerages see no more BoE cuts this year
Close Brothers delays results, shares drop
Spire Healthcare jump, company mulls sale
London stocks were set to end an eventful week marginally lower on Friday as investors assessed central bank decisions, with the U.S. Federal Reserve taking center stage.
The blue-chip FTSE 100 was flat at 1026 GMT and headed for a marginal weekly decline on lingering inflation worries.
The mid-cap FTSE 250 fell 0.6% and was also on track for a weekly loss.
The Bank of England’s widely expected pause on Thursday followed its quarter-point cut in August, as it navigates sticky inflation and an uncertain growth and jobs outlook.
Major brokerages including Goldman Sachs, Citigroup and J.P.Morgan expect no more interest rate cuts by the BoE this year after the British central bank kept its key rate on hold.
A survey showed on Friday that Britons turned more downbeat this month, and the prospect of tax increases in finance minister Rachel Reeves’s November budget threatens to erode confidence further.
Meanwhile, central banks in the United States, Canada and Norway cut interest rates, boosting hopes of more easing to come.
The Fed’s 25 basis point rate cut, its first since December, lifted riskier assets in the previous session.
Media stocks fell the most among sectors, down 1.5%, with Bloomsbury Publishing declining 4.7%.
Gains in precious metal miners helped limit losses with 2.4% as gold prices edged higher.
Among individual stocks, Close Brothers the most in the FTSE 250, down 6.6%, after the British lender delayed its preliminary 2025 results by a week to 30 September 2025.
Spire Healthcare jumped 17.3% after the private hospital group said it was exploring strategic options, including a potential sale of the company.
British retail sales rose by a stronger-than-expected 0.5% in August, helped by sunny weather, though July growth was revised slightly lower, data showed. (Reporting by Sanchayaita Roy in Bengaluru)
