First falls in a week as financials hit FTSE

clock

The FTSE 100 retreated for the first time in seven days this morning as financial stocks fell out of favour.

London's blue chip index was down more than 21 points, or 0.48%, to 4,460, led by the London Stock Exchange Group, which goes ex-dividend today. Barclays, Man Group and Standard Life were also bottom five performers this morning, down 2.2% to £3.03, 1.7% to £2.75 and 1.59% to £1.92 respectively. In the US, the Dow Jones closed up 67.8 points, 0.77%, at 8,915, despite a sudden drop earlier in the day sparked by comments from Federal Reserve chairman Ben Bernanke about the prospects of a US economic recovery. However, better-than-expected Q2 results from mining equipment producer Cat...

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

Burnham to stick with fiscal rules as power set to flow out of Whitehall

Burnham to stick with fiscal rules as power set to flow out of Whitehall

First speech since PM bid

clock 29 June 2026 • 2 min read
BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

Geopolitics in the driving seat

Michael Nelson
clock 25 June 2026 • 2 min read
Advisers highlight uncertain political and fiscal future after Starmer resignation

Advisers highlight uncertain political and fiscal future after Starmer resignation

Prime minister’s exit places chancellor Rachel Reeves’ position ‘inevitably’ under scrutiny

Isabel Baxter
clock 22 June 2026 • 5 min read