London shares were trading flat with a negative bias on Wednesday, with the benchmark FTSE 100 pulling back from a near two-month peak of 7,480 as losses in the energy and real estate sectors offset gains in utilities. Investors remained cautious ahead of a US inflation reading due later today while digesting another slew of corporate updates. Aviva reported a 14% increase in operating profit in H1 and Prudential an 8% growth in operating profit. On the flip slide, Admiral signaled a sharp fall in operating profits.
Historically, the United Kingdom Stock Market Index (GB100) reached an all time high of 7903.50 in May of 2018. United Kingdom Stock Market Index (GB100) - data, forecasts, historical chart - was last updated on August of 2022.
The United Kingdom Stock Market Index (GB100) is expected to trade at 7238.12 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6665.26 in 12 months time.