Monday, March 4, 2024
HomeftseUk stocks slide on Friday as FTSE 100 falls 1.30% and InterContinental...

Uk stocks slide on Friday as FTSE 100 falls 1.30% and InterContinental Hotels Group leads losses

Published on

Interview with an Anonymous Billionaire’s Son: Navigating Wealth and Responsibility

'ABS' is pictured above, with the promised anonymity on face and location. FinanceNews.co.uk (FN): Today, Mel Kern has a unique opportunity to speak with an...

UK Stocks Finish Down as FTSE 100 Index Decreases 1.30%

The FTSE 100 Index closed the week on a downward trend, finishing with a decrease of 1.30% at 7,402.14. Among the constituents of the index, InterContinental Hotels Group PLC saw the largest drop, as shares fell by 4.48%. This decline was closely followed by general mining firm Anglo American PLC and diversified business services company Rentokil Initial PLC, with their shares falling by 4.41% and 4.07% respectively.

HSBC Holdings PLC, a major international banks company, and software business Sage Group PLC also experienced significant decreases, with their stocks falling by 3.95% and 3.73% respectively. On the other hand, defense equipment/products company BAE Systems PLC saw the largest increase among the FTSE 100 constituents, with shares climbing by 2.02% on Friday.

Investment advisors firm Hargreaves Lansdown PLC and precious metals company Fresnillo PLC also experienced modest increases, with their shares rising by 1.13% and 0.95% respectively. Additionally, paper/pulp company Mondi PLC and firm United Utilities Group PLC saw their stocks climb by 0.92% and 0.89% respectively, rounding out the top five largest increases.

In foreign exchange markets, the pound showed some resilience, as it was up 0.06% against the dollar at $1.2151. However, it was down 0.02% against the euro at €1.1473. The rise in Brent crude was a bright spot for investors, with prices rallying by 1.0% to $93.29. Furthermore, the yield on the 10-year gilt rose by 0.540 basis points to 4.656%.

It is important to note that this story was generated using data from Dow Jones and FactSet, through an automation technology provider. The figures provided give an overview of the performance of various companies and sectors in the UK stock market. The fluctuations in stock prices reflect current market conditions and investor sentiment.

As always, it is important for investors to carefully consider the risks and opportunities associated with investing in the stock market, and to seek professional advice when making investment decisions.

Sources:
– BBC News Style Guide
– Dow Jones
– FactSet

More detail via MarketWatch here… ( Image via MarketWatch )

Latest...

Erc-7621: A Game-Changer in Tokenized Investment Fund Management

Alvara Leads with Implementation of New ERC-7621 Token Standard

Lockbit ransomware gang disrupted by international operation

Ransomware group LockBit is disrupted by a global police operation that includes 2 arrests

Rhode Island-based Attorney John Deaton Announces Republican Run Against Sen. Elizabeth Warren

R.I. attorney John Deaton moves to Swansea, announces run against Sen. Elizabeth Warren

Bitcoin & Crypto Fund Management Revolution with ERC-7621 Token Standard

Alvara Protocol Leverages New ERC-7621 Standard for Fund Management Revolution

More like this

Erc-7621: A Game-Changer in Tokenized Investment Fund Management

Alvara Leads with Implementation of New ERC-7621 Token Standard

Lockbit ransomware gang disrupted by international operation

Ransomware group LockBit is disrupted by a global police operation that includes 2 arrests

Rhode Island-based Attorney John Deaton Announces Republican Run Against Sen. Elizabeth Warren

R.I. attorney John Deaton moves to Swansea, announces run against Sen. Elizabeth Warren