Financials drag down FTSE

clock

Financials stocks have dragged the FTSE 100 into the red this morning, down 48.53 points, or 1.11%, to 4,316.76.

Lloyds has seen its share price tumble over the past few sessions after warning shareholders it may be forced by Brussels to sell core businesses. The banking group is down 4.81% to 65.30p so far. Prudential is also among the morning's largest fallers, with is share price declining 3.61% to 427.25p - while Aviva has shed 3.10% to 328.75p. Miners are a support on the index however, with Eurasian Natural Resources up 4.53% to 600p, Xstrata up 1.45% to 665p and Petrofac adding 1.02% to 644p. In the US, the Dow Jones closed down 14.81 points, or 0.18%, to 8,277.32 on Friday, after a relat...

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 falls to 3% to give BoE 'green light' for rate cut

UK inflation falls to 3% to give BoE 'green light' for rate cut

In line with expectations

Michael Nelson
clock 18 February 2026 • 2 min read
Interest rate cuts expected after UK GDP edges up 0.1%

Interest rate cuts expected after UK GDP edges up 0.1%

Construction output lowest since 2021

Patrick Brusnahan
clock 12 February 2026 • 2 min read
Leaked Budget document viewed almost 25,000 times ahead of speech

Leaked Budget document viewed almost 25,000 times ahead of speech

Office for Budget Responsibility chair Richard Hughes quit as a result

Jenna Brown
clock 11 February 2026 • 2 min read