FTSE slips on oil after Dow dives

clock

The FTSE 100 slipped in early trading on Wednesday after a rocky day on Wall Street saw the Dow Jones shed triple-digit losses.

London's blue-chip index is more than 12 points, or 0.3%, down at 4,174. Overnight in New York, the Dow dropped a huge 161.27 points, or 1.94%, to 8,163.6. Tullow Oil is an early loser after announcing its interim revenue is likely to fall 23% following a 16% drop in output and lower commodity prices. The stock is down 3.82% to 856p. Lower oil prices have also hit Petrofac this morning, which has shed 2.65% to 642p. A mixed bag makes up the remaining bottom five with Legal and General down 1.93% to 53.45p, ICAP down 1.77% to 442p and British Land down 1.72% to 371p. However, Rio...

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 holds interest rates at 4% as Budget looms large

Bank of England holds interest rates at 4% as Budget looms large

Five MPC members voted to hold rates

Michael Nelson
clock 06 November 2025 • 3 min read
Partner Insight: Tariffs are here to stay. What's next for investors?

Partner Insight: Tariffs are here to stay. What's next for investors?

The current outlook for US tariffs is complex and their full impact on growth remains to be seen. Columbia Threadneedle Investments explores what advisers need to know, key events to keep top of mind and how to navigate the uncertainty.

Columbia Threadneedle Investments
clock 23 October 2025 • 5 min read
IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

Think tank urges chancellor to avoid 'limping from one forecast to the next'

Linus Uhlig
clock 16 October 2025 • 2 min read