FTSE falls 1% despite strong results for financials

Laura Miller
clock •

The FTSE fell in early trading in reaction to losses on Wall Street overnight and a weak opening in European markets.

London's leading index was down 51.38 points, or 0.95%, to 5,345.10 just before 9am, despite strong results from the financials sector. Shares were also down across Europe. The German Dax lost 0.45% to 6279.69 and the French Cac 40 dropped 0.41% to 3732.24. However financials were seen as the early risers on the FTSE after posting positive H1 results. Lloyds shares jumped 2.75% to 73.9p on news the banking group had returned to profit for the first time since the financial crisis which led to its part nationalisation. Legal & General was also an early performer following strong...

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 jumps higher than forecast to 3.5% in 'dose of reality'

UK inflation jumps higher than forecast to 3.5% in 'dose of reality'

Interest rate hike ‘likely’

Michael Nelson
clock 21 October 2026 • 3 min read
Fahad Hassan: When good news becomes an inflation problem

Fahad Hassan: When good news becomes an inflation problem

'Markets have been adjusting to the risks through valuations all year'

Fahad Hassan
clock 29 September 2026 • 6 min read
Healey promises 'new age of industrialisation' ahead of Budget

Healey promises 'new age of industrialisation' ahead of Budget

Keeps quiet on personal taxation, pensions or savings at Labour’s conference

Isabel Baxter
clock 28 September 2026 • 2 min read