Stock Markets April 24, 2026 12:10 PM

London Shares Slip as Autos, Pharma and Defense Stocks Drag Index Down

Investing.com United Kingdom 100 ends session 0.74% lower; Mondi plunges to five-year trough

By Nina Shah IHG
London Shares Slip as Autos, Pharma and Defense Stocks Drag Index Down
IHG

U.K. equities closed lower on Friday with the Investing.com United Kingdom 100 down 0.74%, as declines in the Automobiles & Parts, Pharmaceuticals & Biotech and Aerospace & Defense sectors weighed on the market. While a handful of names including Flutter Entertainment, British American Tobacco and InterContinental Hotels Group posted gains, broader weakness was reflected in a larger number of decliners and a notable drop in Mondi, which fell to a five-year low.

Key Points

  • The Investing.com United Kingdom 100 closed down 0.74%, led lower by Automobiles & Parts, Pharmaceuticals & Biotech and Aerospace & Defense sectors.
  • Top individual gainers included Flutter Entertainment (LON:FLTRF), British American Tobacco (LON:BATS) and InterContinental Hotels Group (LON:IHG).
  • Decliners outnumbered advancers on the London Stock Exchange by 1,115 to 637; Mondi (LON:MNDI) fell 11.12% to a five-year low.

U.K. stocks finished the Friday session in negative territory, with sector-level weakness in Automobiles & Parts, Pharmaceuticals & Biotech and Aerospace & Defense contributing to the decline. At the close in London, the Investing.com United Kingdom 100 index recorded a 0.74% fall.

Among the session's top performers, Flutter Entertainment PLC (LON:FLTRF) led gains, rising 2.84% - an increase of 224.00 points - to close at 8,120.00. British American Tobacco PLC (LON:BATS) also advanced, adding 2.28% or 96.00 points to finish at 4,302.00. InterContinental Hotels Group PLC (LON:IHG) rounded out the winners, up 2.17% or 3.10 points to end the day at 146.00.

The laggards were led by Mondi PLC (LON:MNDI), which plunged 11.12% - a drop of 93.60 points - to settle at 748.20. The move took Mondi to five-year lows. Antofagasta PLC (LON:ANTO) declined 3.79% or 145.00 points to close at 3,686.00, while AstraZeneca PLC (LON:AZN) fell 3.70% - down 536.00 points - to 13,956.00.

Market breadth on the London Stock Exchange reflected the downturn, with decliners outnumbering gainers by 1,115 to 637 and 530 stocks finishing unchanged.

Commodity markets showed mixed direction during the session. Gold Futures for June delivery rose 0.30% or 14.34 to $4,738.34 a troy ounce. In contrast, crude oil for June delivery lost 2.02% or 1.94 to $93.91 a barrel, while the June Brent contract fell 0.22% or 0.23 to trade at $104.84 a barrel.

In currency markets, GBP/USD was unchanged 0.29% to 1.35, while EUR/GBP was unchanged 0.03% to 0.87. The US Dollar Index Futures traded lower, down 0.21% at 98.40.


Close-of-day moves left a distinct split between individual winners and broader sector pressure. The session highlighted pockets of resilience among consumer-facing and gaming stocks, even as industrial and mining-linked names registered outsized declines. Mondi's sharp drop and new five-year low is a focal point for investors monitoring stock-specific downside.

Risks

  • Concentrated stock-level losses - notably Mondi's 11.12% drop to a five-year low - indicate company-specific downside risk in packaging and materials sectors.
  • Commodity price swings - crude oil prices fell while gold futures rose - create uncertainty for commodity-linked sectors including mining and energy.
  • Currency movement and a weaker US Dollar Index Futures may influence multinational earnings and translate into FX-related volatility for exporters and importers.

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