IG Group, St James39;s Place slide after updates
Wizz Air drops on reporting bigger Q3 loss
Elementis climbs on report of potential bid
FTSE 100 flat, FTSE 250 off 0.2

Jan 25 Reuters The UK equity market came under pressure on Thursday, with shares in IG Group, St James39;s Place and Wizz Air tumbling after lacklustre updates, while Elementis jumped following a report of a possible bid for the chemicals maker.

The bluechip FTSE 100 was flat, while the domestically focussed FTSE 250 dipped 0.2 in morning trading.

Both indexes closed at their highest levels in more than a week on Wednesday, bolstered by gains in Chinaexposed stocks after officials announced support measures to restore confidence in the economy and markets.

IG Group dropped 8.3, marking its steepest decline since March, after the online trading platform reported a drop in firsthalf earnings due to softer market conditions.

Shares of St. James39;s Place fell 7.1 after net inflows at the FTSE 100 wealth manager slowed in 2023. CEO Mark FitzPatrick said he is reviewing all elements of the business to ensure the company is fully fit for the future.

The CEO39;s review as he plans for 2030 may introduce some uncertainty into shareholders39; minds, but we do not envision major structural change, Jefferies analysts said in a note, adding that improving market performance may help customer confidence in future.

Wizz Air fell 6.6 after the budget airline reported a bigger thirdquarter operating loss, as…