Morning markets: FTSE falls on downbeat Fed comments

clock

The FTSE 100 has fallen 0.3% or 16 points to 5,413.5 in early trading after America's Federal Reserve said overnight there were "widespread signs of deceleration" in the US economy.

Home Retail fell furthest, down 3.9% to 212.6p after its forecast for full-year pre-tax profit came in the bottom half of analysts' estimates. Rival Kingfisher, which said in July second half sales had fallen, declined 1.7% to 211.3p. A 14% rise in first-half pre-tax profits to £410m at Morrison (Wm) Supermarkets beat analysts' expectation, but did not stop shares falling 2.1% to 286.5p. Meanwhile, Morgan Stanley recommended a move from overweight to equal weight on 3i Group, sending its shares 1.8% lower to 267p. Among the gainers, Lloyds Banking Group jumped 1.8% to 73.61p aft...

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 UK

Burnham fiscal rules pledge welcomed but 'difficult trade-offs' await
UK

Burnham fiscal rules pledge welcomed but 'difficult trade-offs' await

Reaction follows speech today

clock 30 June 2026 • 3 min read
Keir Starmer resigns as prime minister with new leader in post by September
UK

Keir Starmer resigns as prime minister with new leader in post by September

Burnham rumoured to have deep support within party

Jen Frost
clock 22 June 2026 • 2 min read
Bank of England holds rates at 3.75%
UK

Bank of England holds rates at 3.75%

Energy shock impact remains unclear

Michael Nelson
clock 18 June 2026 • 2 min read