FTSE 100 Gains 1.63% as Oil Falls Over 2% — Ftse 100 Today

Ftse 100 today ended the trading week 1.63% higher as reports of a possible interim US-Iran peace agreement pushed oil prices down over 2% on Friday. For UK blue-chip investors, the move mattered most in energy-heavy names, where BP and Shell finished as the session’s biggest laggards.

BP and Shell Lead Friday’s Losses

1.98% was BP’s Friday drop, while Shell fell 1.69% as the oil selloff hit the sector hardest. Those two declines made them the biggest losers on the blue-chip index, and they came after news that Washington and Tehran could sign a deal next week to reopen the Strait of Hormuz on the sidelines of the Group of Seven summit in Switzerland.

3.33% was Flutter Entertainment’s London decline at the close, after the company said it plans to delist its ordinary shares from the London bourse on Aug. 3 and continue listing in New York. That left traders with one more clear split in the week’s tape: energy shares moved lower on peace-deal hopes, while a separate corporate exit story dragged on another large name in the index.

April GDP Falls 0.1%

0.1% was Britain’s monthly GDP drop in April 2026, in line with expectations after a 0.3% rise a month earlier and the first contraction since August 2025. The decline came from services, offset partly by growth in construction, while production stagnated. The three months to April 2026 still showed 0.7% growth.

Yael Selfin, vice chair and chief economist at KPMG in the UK, said: “While UK GDP grew by 0.7% in the three months to April, the contraction in April is more indicative of growth prospects for the economy going forward.” She added: “We expect UK GDP growth to slow in the second quarter,” a warning that turns one weak month into a broader signal for the next run of data.

Next Week’s UK Data

Next week’s calendar brings UK inflation data, labor market figures, the Bank of England’s interest rate decision, retail sales, and public sector net borrowing. For anyone tracking the FTSE 100 beyond Friday’s oil-led move, those releases will set the tone for whether the index’s 1.63% weekly gain gets support from domestic data or gives back ground if growth and policy expectations move against it.