FTSE 100 Opens Lower; CMC Surges, SpaceX Plans IPO Next Week
The FTSE 100 opened lower on Friday amid mixed corporate news. CMC Markets jumped 18% to its highest since summer 2021 after reporting net operating income ahead of consensus, while SpaceX announced plans for an IPO next week.
Key Numbers
London's FTSE 100 opened slightly lower on Friday as investors weighed corporate earnings and economic data.
CMC Markets Hits 5-Year High
Shares of CMC Markets (LON: CMCX) surged 18% in early trading, reaching their highest level since summer 2021. The jump followed the release of strong financial results.
Analyst Julian Roberts at Jefferies noted that net operating income (NOI) came in at £393 million, ahead of City consensus, representing a 15% year-over-year increase and a 3% rise from the prior quarter. However, he flagged risks on the company's outlook.
SpaceX to Go Public Next Week
In separate news, SpaceX announced plans to launch an initial public offering (IPO) next week. Further details on the size and price range have not yet been disclosed.
Market Performance
The FTSE 100 traded lower across most sectors. Investors are awaiting key US and UK economic data due later today.
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