FTSE floored by flagging financials

clock

The FTSE 100 has been floored this morning as poor financials and mining stocks drive the index down 94.96 points, or 2.44%, to 3,803.89.

Barclays is the worst performing stock so far this morning, reversing some of its large gains last week, down 9.9% to 156.6p. Compatriot Lloyds Banking Group is 6.7% lower to 71p. Kazakhmys is also heavily down, shedding 8.98% to 344.75p, on a tough morning for the miners. Xstrata is 7.32% behind to 440p and Lonmin is 7.07% lower to £13.28. Just four stocks are in the black so far, with TUI Travel 0.9% higher to 225p. Monday was a tough day for Asian indices, with Tokyo's Nikkei 225 dropping 390.89 yen or 4.53% to 8,236.08, while Hong Kong's Hang Seng dived 684.34 points, or 4.85%, to...

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

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
Chancellor Khalaf has a plan to make our economy boom

Chancellor Khalaf has a plan to make our economy boom

'So, Sir Keir, if you're reading, I do genuinely hope Rachel is doing okay. And my number's still the same. So, you know, call me'

Laith Khalaf
clock 25 July 2025 • 5 min read