UK equities moved slightly lower on Monday morning as sterling strengthened, European markets showed mixed performance, and bank stocks came under pressure following comments from former U.S. president Donald Trump.
By 08:23 GMT, the FTSE 100 was down around 0.1%, while the pound advanced 0.3% against the U.S. dollar, pushing GBP/USD to about 1.34. On the continent, Germany’s DAX was broadly flat, while France’s CAC 40 declined by roughly 0.5%.
Barclays Shares Slide After Trump Targets Credit Card Lenders
Shares in Barclays PLC (LSE:BARC) fell by as much as 4.8% after Donald Trump warned that credit card providers could be “in violation of the law” if they fail to cap interest rates at 10% for a one-year period.
The comments weighed on Barclays given its sizeable U.S. credit card business, with investors reacting to the prospect of tougher regulatory pressure should such proposals be pursued.
Oxford Nanopore Lifts 2025 Revenue Outlook
Oxford Nanopore Technologies (LSE:ONT) said it expects to deliver full-year 2025 revenue slightly ahead of guidance, following reported growth of around 22% versus 2024.
The company forecasts revenue in the region of £223 million to £224 million for the year, exceeding its earlier outlook, which had anticipated 20–23% growth on a constant-currency basis.
British Land CEO to Step Down
British Land Company PLC (LSE:BLND) announced that chief executive Simon Carter will step down after more than five years in the role and a total of 18 years with the group.
Carter is set to leave to become CEO of P3 Logistics Parks, a European logistics property investor, manager and developer owned by GIC.
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