FTSE 100 Rises as Markets Gain on US-China Trade Deal

Pound strengthens, Everplay drops on leadership change, while Land Securities posts a profit and American Axle eyes London listing

FTSE 100 Opens Higher as Global Markets Rally

The FTSE 100 opened 0.4% higher on Friday morning, extending its winning streak after a week of positive momentum driven by the recent US-China trade agreement. The deal has lifted investor sentiment globally, with Germany’s DAX and France’s CAC 40 also up 0.4% each.

The British pound strengthened to $1.33, gaining over 0.1% against the US dollar in early trading.

Everplay Shares Drop After CEO Departure

Everplay Group shares fell over 6% on Friday following the sudden departure of CEO Steve Bell. The company named Frank Sagnier as Interim Executive Chair, effective immediately.

Despite the leadership change, Everplay confirmed that its performance for 2025 remains in line with market expectations. However, the news rattled investors, triggering the morning sell-off.

Land Securities Returns to Profit

Property giant Land Securities Group reported a £393 million pre-tax profit for the year ending 31 March 2025. This marks a solid recovery from a £341 million loss the previous year.

The turnaround was driven by consistent demand and strong rental income from its key assets in London and across the UK retail sector. As a major UK real estate investment trust (REIT), the result is seen as a positive indicator for the wider commercial property market.

American Axle Plans London Listing Post-Acquisition

American Axle & Manufacturing, currently listed on the NYSE, has announced plans for a secondary listing on the London Stock Exchange. The move follows its recent $1.4 billion acquisition of Dowlais Group Plc, the parent company of GKN Automotive.

The automotive supplier aims to broaden its investor base and enhance visibility in the UK and European markets. The dual listing signals a strong commitment to its new UK presence.

Positive Signs for UK Markets Despite Mixed Headlines

The FTSE 100’s steady rise reflects growing global investor confidence following easing trade tensions. While Everplay's CEO exit unsettled shareholders, Land Securities' return to profit and American Axle’s commitment to London listing provide encouraging signals for the UK economy. As global trade stabilises and investor sentiment improves, the London Stock Exchange continues to be a focal point for major corporate activity and opportunity.

Sources: (Investing.com, Reuters)