FTSE 100 Holds at Record Levels

The FTSE 100 hovered near record highs around 9000 on Tuesday, trading flat to slightly higher. Credit data firm Experian led gains, jumping 5% after reporting better-than-expected revenue growth of 8% in Q2, driven by a strong 9% increase in its North American business, which makes up two-thirds of its total sales. Analysts at Jefferies expect profit forecasts to rise as a result. In contrast, B&M shares dropped over 11% after a quarterly update disappointed investors. Despite positive like-for-like growth and strong sales in April due to dry weather and Easter timing, analysts criticized the softer margin tone and expected performance to be stronger given easier comparisons. Homebuilders also lagged, especially Barratt Redrow, which fell 13% after weak guidance, flagging issues in London and planning delays. Meanwhile, retail sales data showed signs of life, with total sales rising 3.1% in June, indicating consumers may be regaining confidence despite economic headwinds.