London’s FTSE 100 flat as gains in energy stocks cap declines
Live Mint* FTSE 100 flat, FTSE 250 off 0.2% Jan 3 - London's FTSE 100 changed little on Friday, after hitting an over-two-week high hit in the previous session, as heavyweight energy shares limited broader declines. Data from the British Retail Consortium showed the number of people visiting shops last year fell by 2.2%, the biggest drop since 2021. "It looks set to be a highly challenging year ahead for retailers who will be faced with the double whammy of shoppers focused on getting value for money, while their own costs rise due to the increase in taxes," said Susannah Streeter, head of money and markets, Hargreaves Lansdown. Some uncertainty prevailed as investors gauge the potential inflationary impact of UK Finance Minister Rachel Reeves' October budget, which could affect the Bank of England's existing gradual approach to monetary policy easing.