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

FTSE 100

(UKX)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Worst day in over a month for FTSE 100; retail sales data disappoints

06/18/2021 | 11:55am EDT
People walk past the London Stock Exchange Group offices in the City of London

(Reuters) -London's FTSE 100 index marked its worst session in over a month on Friday, dragged by weakness in financial and commodities-linked stocks, while data showed retail sales fell in May as Britons dined out more following a lifting of pandemic restrictions.

The blue-chip FTSE 100 ended 2.0% down and shed 1.7% this week, snapping a win streak of three consecutive weeks in gains. Banking and life insurance stocks, down 2.7% and 2.5% respectively, were among the top drags.

Base and precious metal miners, slid 2.4% and 0.2% respectively, as commodity prices fell, especially with copper on track for its biggest weekly fall since March 2020. [MET/L]

Meanwhile, oil majors BP and Royal Dutch Shell fell 2.7% and 3.1% respectively, tracking weaker crude. [O/R]

British retail sales fell unexpectedly by 1.4% last month as a lifting of lockdown restrictions encouraged spending in restaurants rather than shops, with food stores suffering the biggest hit.

Britain's biggest retailer Tesco also reported a sharp slowdown in underlying UK sales growth in its first quarter, sending its shares down 4.1%.

"When the UK government sort of became shifty on its tactics on easing lockdowns, especially on the travel side, it made people less sure of what's going on and they've just kept their hands in their pockets and not been spending so much," said Keith Temperton, equity sales trader at Forte Securities.

After the U.S. Federal Reserve's hawkish turn this week, all eyes are now on the Bank of England's meeting next week where it is expected to look through the temporary rise in inflation.

"Inflation is rising and unemployment is falling, but the Bank of England isn't going to do anything about raising interest rates until it's sure these aren't just transitory factors emanating from an economy that's gone from red to green," said Laith Khalaf, financial analyst at AJ Bell, in a note.

The domestically focused mid-cap index fell 1% dragged by retailers, industrials and financial stocks.

Among individual stocks, While Kin and Carta rose 6.6% after Dutch insurer Aegon NV disclosed a 5.24% stake in the digital transformation services company.

(Reporting by Devik Jain and Amal S in Bengaluru; Editing by Subhranshu Sahu and Jonathan Oatis)

By Devik Jain and Amal S


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AJ BELL PLC -1.17% 420.6 Delayed Quote.-2.98%
FTSE 100 -0.65% 7032.3 Delayed Quote.8.85%
ROYAL DUTCH SHELL PLC -1.34% 17.092 Real-time Quote.16.96%
TESCO PLC -0.11% 233 Delayed Quote.0.69%
WTI 0.53% 73.659 Delayed Quote.52.09%
All news about FTSE 100
07/30European Stocks End Mostly in Red as Investors Monitor Earnings, Economic Dat..
MT
07/30FTSE 100 Index Ends the Month 0.07% Lower at 7032.30 -- Data Talk
DJ
07/30LONDON STOCK EXCHANGE : FTSE 100 falls as miners weigh, British Airways owner sl..
RE
07/30London Shares End Month With Mixed Results
DJ
07/30Wall Street Sees Weak Open, Amazon's Downbeat Revenue Outlook Weighs Heavy on..
MT
07/30STOXX EUROPE 600 : European Bourses Track Lower Midday on Pandemic, Risk-Off Moo..
MT
07/30DOW JONES FXCM DOLLAR INDEX : Europe Fixed Income Summary
MT
07/30London Shares Drop as Miners, Oil, Airlines, Intertek Fall
DJ
07/30EUROPEAN MIDDAY BRIEFING : Stocks Fall as -2-
DJ
07/30FTSE Down, Pearson Gains After Solid 1st Half, College App Launch
DJ
More news
News of the index components FTSE 100
07/30ANGLO AMERICAN : 2021 Interim Results (transcript)
PU
07/30NATWEST : PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH..
PU
07/30ASHTEAD GROUP PLC : - Transaction in Own Shares
PR
07/30ASTRAZENECA : H1 2021 results
AQ
07/30ASTRAZENECA : NHS - Presidential visit strengthens healthcare partnership with K..
AQ
07/30JOHNSON MATTHEY : AGM trading update
AQ
07/30BAE : Multi-million pound Tempest funding set to advance the UK's future Combat ..
AQ
More news
Chart FTSE 100
Duration : Period :
FTSE 100 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FTSE 100
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Top / Flop FTSE 100
RIGHTMOVE PLC 702.2 Delayed Quote.3.23%
PEARSON PLC 869.4 Delayed Quote.3.03%
LONDON STOCK EXCHANGE PLC 7490 Delayed Quote.2.35%
PENNON GROUP PLC 1278 Delayed Quote.2.00%
SEGRO PLC 1217.5 Delayed Quote.1.88%
ANGLO AMERICAN PLC 3190.5 Delayed Quote.-3.11%
INFORMA PLC 495 Delayed Quote.-3.28%
INTERMEDIATE CAPITAL GROUP PLC 2170 Delayed Quote.-3.68%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. 168.1 Delayed Quote.-7.45%
INTERTEK GROUP PLC 5156 Delayed Quote.-7.99%
Heatmap :