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FTSE 100 Steadies at Record High

The FTSE 100 was little changed on Friday after reaching a record high in the previous session, though it remains up about 2.5% for the week. The index was supported by upbeat UK economic data, with September retail sales adding to optimism after stronger public finance figures and softer inflation, suggesting consumers remain resilient. NatWest shares jumped nearly 4% after the bank reported a profit beat, upgraded its 2025 income and returns guidance, and highlighted solid momentum across its business lines. Its update echoed strength seen across the banking sector, which continues to benefit from higher-for-longer interest rates. LSE shares rose over 4%, building on a 6.7% surge the day before following robust results. In contrast, GSK slipped more than 1% despite US approval of its blood cancer drug Blenrep, as analysts cautioned over regulatory nuances. Precious metal miners Fresnillo and Endeavour declined 2.5% and 0.9%, respectively, as gold prices retreated from record highs.

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