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London's FTSE 100 index closed down 1.7% on Thursday, reflecting broader market anxieties driven by Middle East tensions and UK fiscal concerns. Bond yields remained elevated, impacting investor sentiment and leading to a slowdown in house price appreciation.
London's stock market ended lower on Thursday, with the FTSE 100 index experiencing a slight decline. Investors remained cautious, weighing developments from the US-China summit while keeping a close watch on fluctuating oil prices and elevated bond yields.
The FTSE 100 finished at 10,739.01, up 0.8 per cent, after Brent crude fell to $100.28 a barrel. JD Sports revealed a long‑term franchise partnership for Mexico and Elixirr International posted a 17% rise in pre‑tax profit.
The FTSE 100 closed at 10,659.13 on Friday, down 157.01 points, as the 10‑year UK gilt yield rose to 5.31%. Office for National Statistics figures revealed a 0.5% month‑on‑month increase in August retail sales volumes, reversing July’s decline.
The FTSE 100 index saw gains on Wednesday, closing up 0.3%, as a decrease in Brent crude oil prices provided a welcome respite for the market. This occurred despite the release of higher UK consumer price inflation figures.
The FTSE 100 fell 34.98 points on Tuesday as 10-year gilt yields reached 5.22%, the highest since 1996. Rising oil prices and eurozone inflation at 3.3% increased borrowing costs, adding pressure on the Chancellor before next month’s Budget.
Melrose Industries will not face criminal investigation over its California site incident. The company plans to resume manufacturing in late September and will launch a claims programme for up to $100 million for affected residents and businesses.
London’s FTSE 100 fell 29.81 points on Monday as oil prices rose and housebuilders declined after Rightmove reported a 2% monthly drop in average asking prices. The jobless rate fell to 4.9% in the three months to June, but housing market pressures persist ahead of autumn.
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