UK equities edged down at Monday’s open, with the pound also continuing its decline against the US dollar. Broader European markets mirrored the cautious tone.
By 0817 GMT, the FTSE 100 dipped 0.1%, while GBP/USD eased 0.07% to 1.32. Germany’s DAX and France’s CAC 40 both traded 0.4% lower.
UK Market Highlights
EasyJet PLC (LSE:EZJ)
EasyJet has finished the required software updates on its Airbus A320-family aircraft following a global directive issued by Airbus. The changes were completed over the weekend without affecting flight schedules. The airline reiterated that its financial outlook remains consistent with its FY2025 guidance released on 25 November.
Wizz Air Holdings PLC (LSE:WIZZ)
Wizz Air confirmed it has updated the software on 83 aircraft that were subject to a European Union Aviation Safety Agency (EASA) airworthiness directive issued last Thursday. The directive required modifications to the Elevator Aileron Computer (ELAC) on select aircraft in its fleet.
Plus500 Ltd (LSE:PLUSP)
Plus500 has been selected as the clearing partner for CME Group and FanDuel’s new event-based contracts platform. The firm will deliver brokerage-execution and clearing services to FanDuel Prediction Markets, a non-clearing FCM formed by CME and FanDuel.
Tullow Oil PLC (LSE:TLW)
Tullow Oil has appointed Roald Goethe as independent non-executive Chair, effective Monday. Goethe, a board member since February 2023, brings significant African oil market expertise from roles at Trafigura Group and his own venture, Delaney Petroleum Ltd.
Peel Hunt Ltd (LSE:PEEL)
Peel Hunt reported a 38.3% increase in revenue to £74.4 million for the six months to 30 September 2025. Profit before tax surged to £11.5 million from £1.2 million a year earlier, with adjusted profit before tax climbing to £18.7 million. Investment Banking revenue rose 45.6% to £32.9 million, largely driven by M&A advisory work. The firm advised on 10 M&A deals worth £8.1 billion, placing it third in UK public M&A rankings.
TRIG (LSE:TRIG)
The Renewables Infrastructure Group announced that HICL Infrastructure has withdrawn from their proposed merger announced on 17 November. Chair Richard Morse expressed disappointment that investors will not be able to vote on creating what would have been the UK’s largest listed infrastructure investment vehicle.
Impax Asset Management Group Plc (LSE:IPX)
Impax reported a reduction in assets under management to £26.1 billion for the year ended 30 September, down from £37.2 billion a year earlier. The firm saw £13.0 billion in net outflows, with revenue falling 16.6% to £141.9 million and adjusted operating profit dropping 36.2% to £33.6 million.
Wynnstay Group (LSE:WYWYN)
Wynnstay expects its underlying trading results for the year to 31 October 2025 to slightly exceed market expectations. Adjusted profit before tax is anticipated at around £9.0 million, above the £8.5 million consensus.
Political Developments
UK Chancellor Rachel Reeves has rejected claims that she misled the public ahead of the autumn statement. Questions have surfaced regarding a 4 November pre-budget speech—an unusual move for a chancellor—in which she urged public backing for her fiscal plans but did not restate Labour’s pledge against broad-based tax increases.
Global News
A court in Bangladesh has sentenced UK MP and former minister Tulip Siddiq to two years in prison over allegations of improper land allocation. The verdict was issued in absentia. Former Prime Minister Sheikh Hasina—Siddiq’s aunt—received a five-year sentence, while Hasina’s sister Sheikh Rehana was handed a seven-year term in the same case.
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