2025.11.0416:49:53UTC+00FTSE 100 Little Changed on Tuesday

The FTSE 100 experienced minimal movement on Tuesday as it steadied following two consecutive days of losses, buoyed by an uptick in healthcare and consumer goods stocks. AstraZeneca saw a 1.2% increase, with GlaxoSmithKline rising by 1.9%. In the consumer staples sector, Unilever appreciated by approximately 0.7%, and British American Tobacco advanced by over 1%. BP's shares also climbed more than 1% after reporting third-quarter profits of $2.2 billion, surpassing expectations, alongside the announcement of a $750 million share buyback. Additionally, BP confirmed it is on target to exceed $4 billion in divestment proceeds for the year, following a $1.5 billion sale of U.S. shale assets. Meanwhile, Chancellor Rachel Reeves, in her pre-budget address ahead of the late-November fiscal statement, provided limited details but hinted at potential tax increases. She attributed years of economic mismanagement and global pressures as challenges while reaffirming her "iron-clad" fiscal policies and dedication to reducing inflation and upholding fiscal discipline, which influenced the pound to rise toward $1.30.