U.K. equities are trading within a very narrow band during a subdued session on Friday morning, reflecting the absence of new economic data or significant corporate developments. The market is cushioned by a slightly weaker Pound, which is helping to limit potential declines.
Mining stocks are experiencing some pressure, affected by declining copper prices.
The FTSE 100 index, after a sluggish start, climbed to 8,268.97 but later eased to a low of 8,246.93. It is currently down by 3.33 points or 0.04%, standing at 8,256.79.
Hiscox shares have risen by nearly 2.5%. Other notable gainers include Airtel Africa, BP, Shell, Imperial Brands, Marks & Spencer, Unite Group, Vodafone Group, British American Tobacco, Sainsbury's, and Schroders, with increases ranging from 0.5% to 1.1%.
Tullow Oil's shares surged over 7% earlier today after the company announced it had been granted an exemption from a $320 million tax on its operations in Ghana.
Conversely, budget airline Wizz Air Holdings saw its shares fall by over 2% following an update on its share capital structure.
Among the decliners are Barratt Redrow, which is down nearly 2%, along with declines of 1% to 1.5% observed in Entain, Anglo American Plc, Easyjet, Taylor Wimpey, Antofagasta, Persimmon, Rio Tinto, Spirax Group, Melrose Industries, ICH, Informa, and Relx.
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