Highlights
FTSE 100 remains flat as markets await European Central Bank’s rate announcement
Wise PLC (LON:WISEa) to move primary listing to the U.S. while maintaining London presence
Wizz Air (LON:WIZZ) declines after revised outlook and EBITDA underperformance
The UK stock market opened with minimal movement, with the FTSE 100 index showing limited change as participants awaited clarity from the European Central Bank on interest rates. The flat performance in the UK was in contrast to modest gains in the CAC 40 and DAX indexes. The broader European market remained cautious, with the ECB policy decision influencing sentiment across sectors.
FTSE 100 stable as ECB meeting looms
The FTSE 100 index saw marginal movement during the morning session, showing resilience amid subdued trading activity. The index's performance aligned with the overall European tone, where France’s CAC 40 and Germany’s DAX both saw light upward movement. The backdrop of the ECB’s anticipated monetary policy decision shaped much of the market mood, with the expected rate adjustment driving attention across European equities.
Wise PLC announces strategic listing shift
Wise PLC (LON:WISEa) reported plans to shift its primary listing from the UK to the United States, while retaining a secondary listing in London. The company stated that the aim of the move is to increase liquidity and broaden the base of shareholders. The financial services group confirmed no impact on its UK operations, with continued commitments to existing service delivery.
The announcement followed the release of the company’s annual results, with the market responding positively. Shares of Wise PLC advanced significantly, highlighting interest in the group’s international positioning strategy and corporate restructuring efforts.
Wizz Air under pressure following FY26 update
Wizz Air Holdings PLC (LON:WIZZ) experienced a sharp decline in share performance following a full-year update for the upcoming financial year. Despite delivering a higher-than-expected bottom line, the airline cited macroeconomic conditions and sector-wide cost pressures impacting EBITDA results.
Market reaction followed the revised outlook and operational commentary, which indicated continued challenges in the aviation sector. The airline sector more broadly has remained sensitive to fuel costs and regional demand shifts, adding further complexity to Wizz Air’s performance signals.
Warehouse REIT and CMC Markets trade mixed
Warehouse REIT PLC (LON:WKP) saw an uptick in value, reflecting movements in the broader property sector. With ongoing adjustments in commercial real estate strategies, the logistics-focused REIT showed relative strength within its segment.
On the other hand, CMC Markets PLC (LON:CMCX) declined during the session. The trading platform provider reflected weaker sentiment in the financial services segment, amid shifting market volumes and competitive dynamics in brokerage services.
FTSE 100 dividend yield sentiment steady
The FTSE 100 dividend yield remained a point of attention for income-focused strategies, especially as core sectors such as energy, banking, and consumer goods showed mixed performances during the session. Overall yield sentiment aligned with expectations around monetary policy and earnings stability in large-cap UK equities.
As global economic signals continue to influence sectoral rotation, the FTSE 100 maintained stability while closely tracking developments in broader eurozone policy and company-specific actions. The performance of indices such as UK100, FCHI, and DE40 during the session reflected the cautious but focused outlook across European markets.