UK stocks remained under pressure on Tuesday, extending recent losses as fresh tariff threats from U.S. President Donald Trump linked to Greenland weighed on risk appetite, while domestic labour market data added to the negative tone, showing unemployment stuck at elevated levels in November and a slowdown in pay growth.
By 10:09 GMT, the FTSE 100 was down 1.4%. Sterling, however, strengthened, with GBP/USD up 0.4% at 1.34. Elsewhere in Europe, Germany’s DAX fell 1.6% and France’s CAC 40 slipped 1.3%.
FTSE 100 round-up
Shares in RAPT Therapeutics Inc (NASDAQ:RAPT) soared 63.6% after GSK plc (LSE:GSK) said it plans to acquire the company for $58 per share in an all-cash deal that values RAPT at $2.2 billion. The transaction gives GSK access to RAPT’s food allergy pipeline, led by the anti-IgE antibody ozureprubart, which is in Phase IIb development for the prevention of reactions to multiple food allergens including peanut, milk, egg, cashew and walnut.
In contrast, CPP Group Plc (LSE:CPP) slumped 43.8% after the group said it is reviewing strategic options that include cancelling its AIM listing and moving to a private company structure. The board pointed to difficulties facing smaller listed companies, including “persistent undervaluation, limited liquidity, and the ongoing costs and administrative burden” associated with a public listing.
Wise PLC (LSE:WISE) jumped more than 13% after the money transfer group beat quarterly revenue expectations and upgraded its profit margin outlook. Wise reported underlying income of £424.4 million for the third quarter of fiscal 2026, up 21% year on year and above the £412 million analyst consensus.
QinetiQ Group PLC (LSE:QQ.) said it remains on course to meet full-year targets, guiding for an operating margin of around 11% and earnings per share growth of 15% to 20%, after reporting more than £3 billion of orders year to date.
Big Yellow Group PLC (LSE:BYG) posted third-quarter revenue of £52.3 million, up from £51 million a year earlier, as higher net achieved rents offset lower occupancy during a seasonally weaker period. Like-for-like store revenue increased to £51.9 million from £51 million.
Shares in Informa PLC (LSE:INF) traded higher after the company lifted its 2025 adjusted earnings guidance to around 55.5p per share, implying underlying growth of 10–15%. Informa also announced a new £200 million share buyback and said it expects full-year revenue of about £4 billion.
Ibstock PLC (LSE:IBST) dropped 7% after its full-year 2025 update signalled a sharper-than-expected downgrade to future earnings, despite results for the year broadly matching guidance, with adjusted EBITDA expected to be around £71 million.
Kier Group PLC (LSE:KIE) said first-half trading was in line with board expectations, leaving full-year FY26 guidance unchanged, supported by consistent project delivery and tighter cash management.
Finally, DFS Furniture PLC (LSE:DFS) rallied 6.8% after upgrading its full-year profit outlook above market expectations. The retailer now expects underlying profit before tax and brand amortisation of £43–50 million, compared with current consensus forecasts of around £41 million.
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