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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.

June 4, 2026
2 min read
Source: Proactive
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Key Numbers

cmc noi
£393 million
cmc noi growth
15% YoY
cmc stock move
+18%

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.

Frequently Asked Questions

The stock surged after the company reported strong financial results, with net operating income of £393 million, beating market expectations.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.