MarketsClosed on November 24, 2025
- British and European stocks are rising as they recover after a volatile week as companies and investors prepare for the UK budget on Wednesday
- Join the Markets Today team for key news and analysis for the UK markets. Email us at [email protected]
2h 53m ago
As the days go by, it's been a quieter start to the week for UK assets as attention turns to this week's Budget.
The pound remained at around $1.31 and British government bond yields remained in a narrow range. The FTSE 100 extended gains for the third straight session as global stocks continued their recovery from a volatile week. However, the largest increase occurred in the USA.
Among individual stocks, Anglo American rose after BHP backed away from another takeover of the mining company. And two advertising profit warnings – one from M&C Saatchi and the other from S4 Capital – underlined the challenges facing the industry. Concern about the possibility of higher taxes on the budget is widespread, worrying both CEOs and business lobbies. Overall, the uncertainty is impacting the number of vacancies, but the budget could also include some benefits, including a freeze on rail fares, to reduce the cost of living. On this topic, we looked at how much disposable income someone earning the minimum wage in London might have left over each month (spoiler: not much). That's it for today. Join us here tomorrow for CBI retail sales data and a range of easyJet and Compass earnings. Until then, we wish you a nice evening and feel free to contact us at [email protected].
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