UK Stocks Finish on Lower Note

2026-03-11 16:59 By Luisa Carvalho 1 min. read

London’s FTSE 100 closed about 0.6% lower at 10,354 on Wednesday, reversing the modest recovery in the prior session, as traders weighed persistent geopolitical risks and some disappointing corporate earnings.

Oil prices remained elevated amid ongoing uncertainty caused by the Middle East conflict, reducing expectations for further interest rate cuts from the Bank of England this year.

Legal & General remained the biggest loser, down 6.8%, after reporting full-year profits below expectations, a lower solvency ratio, and announcing its largest-ever share buyback.

Smiths Group, Endeavour Mining, Fresnillo, ICG and Babcock International were also among the worst performers.

On the upside, BP (2.9%) and Shell (2%) benefited from rising oil prices.

Rentokil Initial (2.5%) and Hikma Pharmaceutical (1.5%) also advanced firmly.



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