Mortgage downturn weighs on FTSE

clock

In London, markets fell slightly in early trading due to weak profit figures from some firms and a downturn in mortgage lending, with the FTSE 100 down 9.4 points, or 0.14%, to 6,600.

Barratt Developments shares gained 20.5 points, or 3.11%, to 679p, followed by Tate & Lyle, which saw shares add 12.25 points, or 2.73%, to 461p. Capita gained 15.5 points, or 2.08%, to 759.5p, Persimmon climbed 18.5 points, or 1.93%, to 978.5p, while Taylor Wimpey added 4.75 points, or 1.88%, to 258p. Alliance & Leicester shares dropped 33.5 points, or 4.43%, to 722.5p, WPP Group lost 16.5 points, or 2.38%, to 677.5p, while AstraZeneca fell 57 points, or 2.23%, to £24.97. On Wall Street, shares fell slightly after poor profit figures emerged from Bank of America and the Dow Jones was ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Inflation falls faster than predicted ahead of BoE interest rate vote

Inflation falls faster than predicted ahead of BoE interest rate vote

3.2% in November

Michael Nelson
clock 17 December 2025 • 2 min read
FCA's Rathi addresses Autumn Budget market abuse concerns

FCA's Rathi addresses Autumn Budget market abuse concerns

Pens open letter to Treasury Committee

Isabel Baxter
clock 04 December 2025 • 2 min read
More tax, less shelter: A slow-burn Budget for savers and investors

More tax, less shelter: A slow-burn Budget for savers and investors

'The Budget documents make for sobering reading for those trying to build up their wealth'

Laith Khalaf
clock 04 December 2025 • 3 min read