UK FTSE 100 Muted as Bank Gains Offset Losses
UK shares closed subdued on Wednesday as bank gains from a lower-than-feared levy countered declines in Unilever and GSK. Investors also digested the new budget and awaited upcoming US earnings.
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The United Kingdom's blue-chip FTSE 100 index closed 0.1% higher on Wednesday afternoon as banking gains offset corporate earnings declines. Chancellor John Healey's first budget introduced a lower-than-feared bank levy, supporting financial shares. The session reflected a cautious response from investors balancing fiscal policy updates against corporate results.
