FTSE 100 Little Changed, HSBC Shares Fall
2025-10-27 08:51
By
Agna Gabriel
1 min. read
The FTSE 100 traded little changed on Monday, hovering near record levels at around 9650 but lagging other European markets as HSBC shares weighed on the index.
The lender was down 0.7% after announcing a $1.1 billion (£0.8 billion) provision to cover litigation related to investor losses from Bernard Madoff’s Ponzi scheme.
The long-running case, dating back to 2009, will impact HSBC’s third-quarter results due tomorrow, though the bank plans to pursue a second appeal.
Utility stocks also underperformed amid risk-on sentiment, with National Grid and SSE among the weakest performers.
Meanwhile, miners were mixed: copper producers Glencore, Antofagasta, and Anglo American gained over 1.5% as copper prices neared record highs on renewed China-US trade optimism, while gold miners Fresnillo and Endeavour Mining slipped 1.4% and 1.6%, respectively, as precious metal prices retreated.
Barclays also made headlines, announcing plans to re-enter Saudi Arabia’s investment banking market.