FTSE 100 rises 47 points at midday as oil retreats

Published on 10/26/2026 at 13:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FTSE 100 reaches 10,737 points as oil falls and banks rally, with the UK Budget due Wednesday at 12:30 p.m. GMT ahead.

Oil retreat and budget focus

FTSE 100 stood at 10,737 points at 11:18 a.m. GMT on October 26, up 47 points or 0.4 percent.
Brent crude stayed above USD114 a barrel as falling oil prices improved risk appetite.
Computacenter led FTSE 100 gainers, rising 8.3 percent after raising its profit guidance.
John Healey's UK Budget is due October 28, 2026, at 12:30 p.m. GMT.

FTSE 100, GB0001383545, Illustration mit AI erstellt.

The FTSE 100 stood at 10,737 points at 11:18 a.m. GMT on October 26, up 47 points or 0.4 percent. A pullback in oil prices boosted risk appetite while Brent crude remained above USD114 a barrel, Reuters said.

Computacenter climbed 8.3 percent after lifting its full-year adjusted pretax profit guidance to at least GBP425 million, ahead of a GBP387.1 million consensus. Its order backlog reached GBP12.6 billion at the end of September, Alliance News via Morningstar reported.

Why is the FTSE 100 higher at midday?

Oil prices retreated more than 1 percent as markets assessed diplomatic efforts involving Iran and the United States. The move supported risk appetite, although energy stocks fell 1.8 percent as Shell and BP declined.

Banks rose 1.4 percent, while investment banking and brokerage stocks gained 1.9 percent. Aerospace and defense stocks advanced 2.5 percent, with Rolls-Royce up 2.3 percent, Reuters reported.

Winners and losers in the FTSE 100

Leading FTSE 100 movers at 10:11 a.m. GMT came from the same London session, according to Alliance News via Morningstar:

Computacenter up 8.3 percent: raised full-year profit guidance
Babcock International up 3.3 percent: defense stocks gained across Europe
International Consolidated Airlines Group up 3.3 percent
Experian down 2.0 percent
BP down 1.9 percent: tracked lower oil prices
SSE down 1.6 percent

FTSE 100 opens above 10,738 points

The index opened at 10,739 points, up 48 points or 0.5 percent, before easing to 10,737 points by 11:18 a.m. GMT. The opening level was reported by Alliance News via Morningstar.

Brent stays above USD114 as sterling slips

Brent crude traded at USD114.25 a barrel early Monday, down from USD116.34 at Friday's London close. Sterling was quoted at USD1.3347, lower than USD1.3376 at Friday's close, Alliance News reported.

What comes next for the FTSE 100

October 28, 2026, 12:30 p.m. GMT: UK Autumn Budget and Office for Budget Responsibility outlook, Investing.com reports.
October 28, 2026, 6:00 p.m. GMT: Federal Reserve policy statement, with rates expected to remain unchanged, FOREX.com says.

FTSE 100 price data for October 26, 2026

The FTSE 100 was at 10,737 points at 11:18 a.m. GMT on October 26, according to Reuters. It was up 47 points or 0.4 percent from the previous close of 10,690 points on October 23, as reported by Yahoo Finance. The index opened at 10,739 points.

FTSE 100 by the numbers on October 26, 2026

Index: FTSE 100
Home exchange: London Stock Exchange, United Kingdom
Level at 11:18 a.m. GMT on October 26, 2026: 10,737 points
Change versus previous close of October 23, 2026: up 47 points (up 0.4 percent)
Previous close: 10,690 points
Open: 10,739 points
Top gainer: Computacenter up 8.3 percent
Top loser: Experian down 2.0 percent
Next scheduled event: October 28, 2026, 12:30 p.m. GMT: UK Autumn Budget and Office for Budget Responsibility outlook