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The Markets
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FTSE 100 opens lower; Rolls-Royce adds momentum as BA owner IAG takes off - Market Report

FTSE 100 opens lower; Rolls-Royce adds momentum as BA owner IAG takes off - Market Report

London’s blue chips followed declines on Wall Street as Friday’s session got underway, with the FTSE 100 shedding 34 points to sit at 8,721.

Miners and Scottish Mortgage Investment Trust PLC were among the early fallers, as just 18 of the index’s constituents headed higher early on.

British Airways owner International Consolidated Airlines SA led the risers in the meantime, gaining 3.5% after flagging a €1 billion buyback as it reported a rise in 2024 revenue and profit.

Rolls-Royce Holdings PLC also ticked up further after impressing with its latest results on Thursday.

Among other companies reporting, Rightmove PLC gained 1.1% after signalling revenue growth would accelerate over the coming year after climbing in 2024.

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