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FTSE 100 rises as Keir Starmer resigns; Andy Burnham likely next UK PM, banks lead gains.

Market News
22 Jun 2026
Proactive Investors - Finance
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Bullish
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The FTSE 100 climbed 73 points to 10,437 following Keir Starmer's resignation as UK Prime Minister, with Andy Burnham poised to take over by mid-July if unchallenged. Banks like NatWest, Barclays, and Lloyds led the market gains, rising around 4%. The resignation adds political uncertainty but markets seem to favor Burnham's fiscally responsible stance. Investors are also watching ongoing US-Iran peace talks and their impact on gold and oil prices, alongside US Federal Reserve policies influencing global markets.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...

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2 hours ago
Experian reports 10% Q1 revenue growth, maintains full-year outlook for 2027

Experian reports 10% Q1 revenue growth, maintains full-year outlook for 2027

Experian PLC started its 2027 financial year with a 10% revenue increase in the first quarter, driven by strong demand in North America and Latin America. Organic growth was 7%, with North America growing 7% despite a 2% drop in consumer services due...

Company Fundamentals
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Gooch & Housego agrees £346m takeover by US private equity Arlington Capital Partners

Gooch & Housego agrees £346m takeover by US private equity Arlington Capital Partners

Gooch & Housego, a UK-listed photonics company specializing in precision optics for aerospace and defence, has agreed to a £345.6 million takeover by US private equity firm Arlington Capital Partners. The offer values the company at a 41.3% premium t...

Company Fundamentals
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4 hours ago
Aave DAO plans a crypto app merging fiat, self-custody, and DeFi lending, challenging centralized giants.

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Aave DAO has proposed an innovative mobile app that integrates fiat currency deposits, self-custody, and decentralized finance (DeFi) lending in one platform. This app allows users to convert fiat to stablecoins and earn yields without needing extern...

Protocol Fundamentals
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4 hours ago
Netflix Q2 revenue expected at $12.6B with operating margin forecast lowered to 32% for FY 2026

Netflix Q2 revenue expected at $12.6B with operating margin forecast lowered to 32% for FY 2026

Analysts expect Netflix to report $12.6 billion in revenue for Q2 and $51.3 billion for the full year 2026. The operating margin forecast has been revised down from 33% to 32% due to anticipated higher expenses, with an expected operating profit of $...

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Neutral
4 hours ago
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