FTSE 100 rises as Hays reports lower net fees and Thruvision maintains revenue guidance. European stocks advance while Brent crude edges higher.
Market Overview
The FTSE 100 moved higher after opening to 10,609.67, gaining 0.55 per cent as oil supply concerns eased despite continuing tensions in the Middle East. European equities also advanced, with the Euronext 100 rising 0.52 per cent and Germany’s DAX gaining 0.55 per cent, supported by cautious optimism surrounding Russia-Ukraine ceasefire developments. On Wall Street, the Nasdaq closed higher at 27,366.17, while the S&P 500 advanced to 7,811.54.
Commodity markets showed mixed movements, with copper, gold and natural gas declining, while Brent crude edged higher as investors continued to assess Middle Eastern supply risks. Bitcoin strengthened against sterling, while the pound gained against the US dollar, Swiss franc, euro, Japanese yen and Australian dollar. Geopolitical developments remained a key influence on energy markets and broader investor sentiment.
Market Numbers
FTSE 100: Up (+0.55%), 10,609.67
Euronext 100: Up (+0.52%), 1,869.82
DAX: Up (+0.55%), 25,224.38
NASDAQ: Up, 27,366.17
S&P 500: Up, 7,811.54
In the Headlines
First-Quarter Net Fees Decline – Hays (LSE:HAS)
Global recruitment group Hays reported a 3 per cent like-for-like decline in first-quarter net fees as permanent hiring remained subdued, while restructuring savings reached £125 million. The update highlights continuing recruitment market pressures alongside the company’s efforts to reduce costs and protect profitability.
Revenue Guidance Maintained – Thruvision (LSE:THRU)
Security screening technology company Thruvision maintained its £8 million revenue guidance for FY2027, supported by an order backlog reaching £2.6 million. The backlog provides greater visibility over future revenue as the company works towards meeting its full-year expectations.
Currencies (vs GBP)
USD: Down (-0.10%), $1.3242
CHF: Down (-0.25%), Fr.1.1015
EUR: Down (-0.06%), €1.1821
JPY: Down (-0.28%), ¥209.811
AUD: Down (-0.11%), $1.8975
Bitcoin (BTC/GBP): Up, £63,605.00
Commodities
Copper: Down
Gold: Down
Brent Crude: Up
Natural Gas: Down
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