FTSE plummets as mortgage problems spread

clock

London markets dropped severely as investors worried about the impact of the weak US mortgage market, with the FTSE 100 falling 128.5 points (2.42%) to 5,171.9.

British Airways shares made the biggest gains, up 11p (5.31%) to 218.25p, while TUI Travel added 5.5 points (3.22%) to 176.4p. Royal Bank of Scotland shares slid 13.8 points (7.67%) to 166.2p, while Antofagasta lost 41p (7.01%) to 543.5p. Markets plummeted on Wall Street before making a slight recovery in mid-morning over growing fears of recession, with the Dow Jones down 60.41 points (0.55%) to 10,994.78. Microsoft shares climbed 1.15 points (4.57%) to $26.31, the biggest gains on Tuesday, while Johnson and Johnson added 1.48 (2.23%) to $67.89. AIG shares dropped on the back of bailou...

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

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
UK capital markets need to close gap between 'perception and reality' - Poppy Gustafsson

UK capital markets need to close gap between 'perception and reality' - Poppy Gustafsson

Speaking at IA annual conference

Sorin Dojan
clock 26 June 2025 • 2 min read