FTSE 100 Trades Lower

2026-02-24 08:44 By Agna Gabriel 1 min. read

The FTSE 100 traded 0.3% lower on Wednesday after a new 10% global tariff regime took effect, reviving trade tensions and raising concerns about global growth.

Financial and health care stocks weighed on the index, with banks under pressure on fears tariffs could curb economic activity.

HSBC fell 1%, Barclays 1.7%, Lloyds Banking 1.5%, NatWest 0.9%, while Standard Chartered dropped 1.4% despite announcing a $1.5 billion buyback as quarterly results disappointed.

Unite Group slid nearly 10% after guiding income toward the lower end of its range due to weaker occupancy in the Empiric portfolio.

Losses were partly offset by strength in commodity linked stocks, as higher crude prices lifted oil majors and firmer metals supported miners.

Convatec rose almost 8% after raising medium term guidance, and Croda gained 3.7% after reporting earnings in line with expectations and reaffirming its 2026 outlook.



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