{"id":141668,"title":"FTSE 100 Rises 0.8% as Oil and Gilt Yields Retreat","publisher":"Share Talk","author":"sharetalk","published":"2026-10-09T11:13:13+00:00","modified":"2026-10-09T11:13:13+00:00","canonical_url":"https://www.share-talk.com/ftse-100-rises-0-8-as-oil-and-gilt-yields-retreat/","markdown_url":"https://www.share-talk.com/ftse-100-rises-0-8-as-oil-and-gilt-yields-retreat.md","json_url":"https://www.share-talk.com/ftse-100-rises-0-8-as-oil-and-gilt-yields-retreat.json","category":"Blogs","categories":["Blogs","Technology","Technology, Media & Telecoms"],"tags":["Asia","Bangkok","Denmark","Endeavour Mining","Fed","Federal Reserve","Finland","FRANCE","FTSE 100","GERMANY","Glencore","Greenland plan","Hong kong","Japan","London","Manila","mining stocks","Mumbai","Nasdaq Composite","NATO alliance","Netherlands","Nikkei 225","Norway","S&P 500","shanghai","Singapore","Sweden","Sydney","Taiwan","UK","United States","US Gulf of Mexico","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/10/55393bce-2f44-4a41-b5a8-9400e1a5014f.png?fit=1727%2C911&quality=80&ssl=1","format":"news","language":"en-GB","content":"The** FTSE 100 **rose 0.83% to 10,528.57 by **midday on Friday**, while the **FTSE 250** climbed 0.92% to 24,165.30.\n\nSentiment improved as **oil prices retreated** after US President Donald Trump said Washington would not attack Iran before next month’s midterm elections, citing what he described as productive talks with Tehran.\n\nThe pullback eased some of the inflation concerns triggered by Brent’s surge above $105 on Thursday.\n\nUK government borrowing costs also declined, with **10-year and 30-year gilt yields retreating from multi-decade highs** reached earlier this week.\n\nBoth major London indices were on course to finish a volatile week with modest gains despite sharp swings driven by oil, inflation expectations and global bond markets.\n\nOne of Friday’s major corporate events was the London debut of **Airtel Money**, whose shares opened at their **£1.96 IPO price** following a heavily oversubscribed offering.\n\nThe flotation raised around **$703 million** and valued the African fintech business at approximately $7 billion, making it one of London’s largest IPOs in recent years.\n\nTelecommunications stocks moved sharply in the opposite direction.\n\n**Vodafone, Airtel Africa and BT Group fell between approximately 2.5% and 5.4%**, as investors reacted to SpaceX’s agreement to acquire a nationwide portfolio of US low-band spectrum licences.\n\nThe deal strengthens **Starlink Mobile’s potential to compete more directly with conventional telecom operators**, although regulatory approval is still required and building a full mobile service will take time.\n\nOn the FTSE 250, **SSP Group fell around 4%** after the Upper Crust owner’s latest outlook pointed to annual operating profit slightly below previous expectations.\n\n**Morgan Advanced Materials jumped 8.7%** after RBC Capital Markets upgraded the shares and raised its price target, highlighting the disposal of its Thermal Products business and increased exposure to higher-margin aerospace and defence markets.\n\nFor investors, Friday’s rebound reflects a notable easing in the week’s two biggest macro risks: **energy prices have fallen and bond yields have moved lower**.\n\nHowever, Brent remains above $100 and borrowing costs remain historically high, meaning the market remains vulnerable to any renewed escalation in the Middle East or another rise in inflation expectations."}