Property firms and financials dent FTSE

clock

The FTSE 100 has dropped more than 13 points (0.35%) this morning to 3,975.18 after financials and property companies dragged the index.

Legal & General Group was the FTSE's biggest loser, dropping 5.69% to 51.4p, while Standard Chartered bank fell 4.39% to £9.80. Meanwhile, British Land was down 5.18% to £4.26 and Hammerson dropped 4.36% to £3.01. Cairn Energy was the FTSE's biggest riser this morning advancing 2.84% to £22.44 followed by Imperial Tobacco Group, rising 2.03% to £14.59. Across the Atlantic, the Dow Jones ended Tuesday down 137.63 points (1.71%) after negative data from the US revealed March retail sales figures fell 1.1% after a 0.3 % rise in February. Financial shares were badly hit by the news with...

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

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read