FTSE 100 LIVE: London stocks fall and Europe mixed as Starmer shores up position as PM

2026년 2월 10일 · Unknown · financial · 출처 Uk

The FTSE 100 (^FTSE) dipped and European indices were mixed shortly after the opening bell in London on Tuesday as Keir Starmer fended off the biggest challenge to his premiership yet.

Starmer has faced the ire of his MPs over the previous weeks as questions swirl over his appointment of Peter Mandelson as UK ambassador to the US, even as Mandelson's links to now deceased sex offender Jeffrey Epstein were known.

Those questions intensified after the release of millions of documents in the Epstein files. Some of these revealed that Mandelson had used his position as de facto deputy to Gordon Brown to pass sensitive and potentially market moving information to Epstein. They also revealed money paid by Epstein to Mandelson and his partner.

Both Starmer's director of communications Tim Allan and chief of staff Morgan McSweeney quit over the past few days to make way for new leadership. McSweeney took responsibility for the appointment of Mandelson.

"Every fight I've been in, I have won," the prime minister told his MPs on Monday night, explaining he would not be stepping down.

Bond prices have been sensitive to these political moves, dipping back on Monday after rising earlier in the day, as cabinet ministers voiced support for Starmer.

Market movers

London's premier index was 0.1% lower as markets opened. Coca-Cola (CCH.L) stock led the index, gaining as investors anticipated earnings. The more domestically focused FTSE 250 (^FTMC) moved 0.3% higher. Over in Germany, the DAX (^GDAXI) fell 0.2%, following a 1% rally on Monday. France's CAC 40 (^FCHI) rose 0.4%. The pan-European STOXX 600 (^STOXX) hovered on the flatline. The fell slightly against the dollar (GBPUSD=X), trading beneath the $1.37 mark.

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Here's the Barclays chart 2 mins ago

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Barclays beats fourth-quarter profit estimates and announces £1bn share buyback

Barclays stock hovered in early trade after it announced fourth-quarter results.

Vicky McKeever writes:

Barclays (BARC.L) has beaten expectations for profit in the fourth quarter and announced a £1bn share buyback in its latest results.

The bank reported profit before tax of £1.9bn in the fourth quarter, in results released on Tuesday. This was up from £1.7bn reported for the same quarter last year and was ahead of forecasts for £1.72bn, according to consensus estimates provided by Barclays.

For the year, pre-tax profit came in at £9.1bn, up from £8.1bn for 2024 and was also ahead of estimates for £9.01bn.

Barclays' total income increased £29.14bn for 2025, up from £26.79bn last year and compared to estimates of £28.97bn.

Group net interest income (NII), excluding Barclays investment bank and head office, was £12.8bn for the year, versus expectations for £12.71bn. NII refers to the gap between what the bank pays out to savers and receives from borrowers in interest.

Read more on Yahoo Finance UK 9 mins ago

Lucy Harley-McKeown

Here's the BP chart 9 mins ago

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BP suspends share buyback programme amid weaker oil prices

BP stock sold off as markets opened on Tuesday as it said it is suspending its share buyback programme.

Pedro Goncalves writes:

The oil major's fourth quarter profits in line with expectations, as crude prices slipped below $60 a barrel for the first time in almost five years.

The London-listed oil major posted underlying replacement cost profit of $1.54bn for the final three months of 2025, matching the $1.54bn forecast by analysts, according to an LSEG compiled consensus.

Full-year net profit for 2025 came in at $7.49bn, slightly below analysts’ expectations of $7.58bn and down from almost $9bn in 2024.

The last time the oil major did not launch a quarterly buyback was in 2020, during the early stages of the coronavirus pandemic, when oil (BZ=F) prices slumped and energy companies moved to protect their balance sheets.

BP’s previous buyback was $750m, announced in November alongside its third quarter results. The group had cut its buyback in April last year from $1.75bn.

The results come at a challenging moment for Europe’s oil and gas sector. Oil prices recorded their steepest annual decline since the COVID-19 pandemic last year, weighed down by concerns over oversupply and intensifying pressure on big producers to maintain shareholder returns.

Read more on Yahoo Finance UK 32 mins ago

Lucy Harley-McKeown

Here's the US stock futures chart 32 mins ago

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US stock futures steady

Our US team writes:

US equity futures steadied Tuesday morning after the Dow’s latest record close amid Wall Street's march back to record territory following last week's tech sell-off.

Futures tied to the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F) and the Nasdaq 100 futures (NQ=F) hovered around the baseline.

The muted overnight action follows another positive session for stocks. The Dow (^DJI) eked out a gain, setting another record over 50,000. The S&P 500 (^GSPC) advanced roughly 0.5% and is suddenly within striking distance of its own record. The Nasdaq Composite (^IXIC) outperformed, jumping 0.9%.

Technology shares led Monday’s rally, extending momentum from last week’s rebound. Investors appear to have regained confidence that the market can push higher after a recent pullback tied to concerns around software and megacap tech.