London’s blue-chip stocks opened lower on Tuesday as politics and corporate earnings guided sentiment.
The FTSE 100 dropped 0.4% to 9,157.24, while the FTSE 250 shed 0.8% to 21,460.68. The AIM All-Share was flat at 768.67.
Prime Minister Keir Starmer convenes his first Cabinet meeting since reshuffling his Downing Street team, appointing former Treasury officials and Bank of England veteran Baroness Minouche Shafik to strengthen economic policy ahead of the autumn budget.
In equities, Tekmar sank 9.5% after warning of weaker revenue conversion, though it expects adjusted Ebitda to reach break-even for the year. Oxford Nanopore slid 4% despite narrowing losses and reporting 26% revenue growth, as it reaffirmed guidance for 2025.
Tialis Essential IT jumped 32% after securing a £50 million, five-year follow-on framework contract with a long-term customer.
US markets were closed on Monday for Labor Day.