The FTSE 100 finished down by 2.92%, or 231.05 points, to close at 7,679.48 – its lowest since March 2024.
It came after a brief day of respite for financial markets on Tuesday, recouping some of their recent losses over hopes the US could strike some trade deals.
“The internationally-focused FTSE 100 has dived deeper into the red, with losses accelerating following the retaliatory action.” The pound was down 0.06% at 1.276 US dollars and was down 0.69% at 1.156 euros when London’s markets closed.In company news, JD Sports shares were firmly higher after the retail group after it held firm on profit guidance, reassuring investors who held concerns over its exposure to the US market.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fact check: FTSE 100 had its best day in five months in JanuaryThe index has not seen its best day in decades at any point during Rachel Reeves’ time as Chancellor.
Read more »
FTSE 100 rises despite more predictions of faltering UK growthLondon’s blue-chip index made gains as economists pared back forecasts for the UK amid Donald Trump’s tariffs.
Read more »
FTSE 100 gains as US markets slump ahead of interest rate decisionsThe Bank of England and the Federal Reserve are expected to hold interest rates at their respective decisions later this week.
Read more »
London’s FTSE 100 treads water ahead of US and UK rate decisionsThe blue chip index edged 1.43 points higher, or 0.02%, to close at 8,706.66.
Read more »
FTSE 100 loses ground as airline stocks slump following Heathrow fireBritish Airways’ parent company and easyJet both saw shares fall following the blaze on Friday.
Read more »
FTSE 100 nudges down as index fails to hold onto early gainsLondon’s blue-chip index fell slightly on Monday despite a business survey showing private sector growth.
Read more »