Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Indexes
  3. United Kingdom
  4. Great Britain
  5. FTSE 100
  6. News
  7. Summary
    UKX   GB0001383545

FTSE 100

Delayed Quote. Delayed Great Britain - 01/24 11:35:30 am
7297.15 PTS   -2.63%
12:49pEuropean Stocks End in Red Ahead of US Federal Reserve Meeting
09:35aWall Street Set for Losses Amid Ukraine Crisis
06:57aActivist investor provides twist in Unilever soap opera
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

FTSE 100 suffers year's worst session on virus scare

11/26/2021 | 11:45am EST
FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange

(Reuters) -The UK's blue-chip share index slumped on Friday, suffering its biggest drop in more than a year as fears over a newly detected and possibly vaccine-resistant coronavirus variant gripped stock markets around the world.

The FTSE 100 index closed down 3.7% at its lowest in more than seven weeks, with commodity, travel, and banking stocks leading the sell-off.

Britain said the virus variant spreading in South Africa was considered by scientists to be the most significant one found yet and it needed to ascertain whether it rendered vaccines ineffective.

Tourism group TUI fell almost 10% while airline companies like Wizz Air, easyJet and British Airways-owner IAG lost around 15% after UK authorities imposed travel restrictions from South Africa and five neighbouring countries.

"We don't know so much about this variant yet but if it's serious, it could change the macro scenarios altogether," said Roland Kaloyan, head of European equity strategy at Societe Generale.

"The Bank of England will not hike rates in a period where we can enter lockdown and put serious burden on the economy."

Supply-chain worries and inflationary pressures have kept the FTSE 100 under pressure, with the blue-chip index lagging its European peers so far this year.

Shares of major UK lenders HSBC, Lloyds Bank and Barclays all fell almost 5% as investors scaled back expectations for an interest rate hike in December. [GBP/]

"Over the last month, the banking sector has benefited from a steeper yield curve but with the news today we see a lower bond yield and that's also not quite positive for the long term," said Kaloyan.

Energy and mining stocks fell 6.3% and 4.4%, respectively, tracking a slump in commodity prices on fresh economic slowdown fears. [O/R] [MET/L]

The domestically focussed mid-cap index dropped 3.0%, faring a bit better than its blue-chip counterpart as online trading platform Plus500 and CMC Markets gained ground.

(Reporting by Bansari Mayur Kamdar in Bengaluru; editing by Uttaresh.V and Subhranshu Sahu and Kirsten Donovan)

By Bansari Mayur Kamdar

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC -4.49% 190.3 Delayed Quote.1.80%
CMC MARKETS PLC -3.39% 228 Delayed Quote.-13.47%
FTSE 100 -2.63% 7297.15 Delayed Quote.1.48%
LLOYDS BANKING GROUP PLC -4.47% 49.435 Delayed Quote.3.08%
PLUS500 LTD. -2.06% 1449.5 Delayed Quote.6.54%
WIZZ AIR HOLDINGS PLC -4.00% 4297 Delayed Quote.2.60%
All news about FTSE 100
12:49pEuropean Stocks End in Red Ahead of US Federal Reserve Meeting
09:35aWall Street Set for Losses Amid Ukraine Crisis
06:57aActivist investor provides twist in Unilever soap opera
06:42aEuropean Bourses Sag Midday In Tech Rout
04:55aEuropean stocks mark worst day in over 1-1/2 yrs on Ukraine risks, Fed worries
04:43aBritish stocks slump in equity rout, Unilever, Vodafone gain
04:42aFTSE 100 Falls as Traders Brace for Fed Decision -2-
04:41aThe latest from London: No rebound today
01/21European Stock Markets Slump Friday as Consumer Confidence Declines, Wall Street Sell-O..
01/21FTSE 100 Index Ends the Week 0.65% Lower at 7494.13 -- Data Talk
More news
News of the index components FTSE 100
05:47pOyu Tolgoi partners reach comprehensive agreement and approve commencement of undergrou..
05:46pRio Tinto and Mongolia settle long-running dispute over Oyu Tolgoi copper mine
04:20pMinnesota court orders review of water permit for PolyMet mine
03:43pConsumer Discretionary Stocks Bolster Late Recovery for Monday Markets
03:32pUnilever Up Over 8%, on Pace for Largest Percent Increase Since March 2020 -- Data Talk
02:36pUnilever to cut jobs across all regions as Peltz builds stake -source
01:24pIMF to meet with Chad's creditors by end of January, spokesperson says
More news
Chart FTSE 100
Duration : Period :
FTSE 100 Technical Analysis Chart | UKX | GB0001383545 | MarketScreener
Technical analysis trends FTSE 100
Short TermMid-TermLong Term
Top / Flop FTSE 100
Heatmap :