London stocks closed lower on Monday as new Prime Minister Andy Burnham began a Cabinet reshuffle and gilt yields rose. The FTSE 100 fell 0.7% to 10,524.76, the FTSE 250 dipped 0.3% to 23,540.71, and the AIM all-share edged down 0.2% to 757.89. David Lammy, Rachel Reeves, and Steve Reed were among the first senior ministers dismissed, with Lammy announcing his departure on social media and Reeves calling her tenure as Chancellor a privilege. Burnham promised a 10-year plan and immediate cost-of-living measures, while the UK 10-year gilt yield widened to 5.04%. Computacenter led FTSE 100 gainers, up 5.6% after a Berenberg upgrade, while Ryanair fell 4.6% on a profit decline and cautious outlook.
Computacenter PLCBerenberg upgrade drove share price gain
Ryanair Holdings plcprofit decline and cautious outlook
