FTSE 100 Drops for 3rd Session

2026-04-22 15:55 By Agna Gabriel 1 min. read

The FTSE 100 fell 0.2% on Wednesday, extending losses for the third session as investors remained cautious amid uncertainty over US Iran talks, rising inflation and mixed corporate updates.

Reckitt Benckiser dropped more than 4% after earnings missed expectations, weighing on the index, while JD Sports fell around 2.8% after news that chairman Andy Higginson will step down following the July AGM.

Rolls Royce declined over 3.5% and BAE Systems fell around 1.5%.

Banks HSBC Holdings, Barclays and Natwest declined between 0.4%-0.9%.

In contrast, BP and Shell rose 1.7% and 0.5%.

Mining stocks also rose, with Rio Tinto, Antofagasta and Anglo American gaining around 2%.

Fresnillo rose 1.7% after maintaining production guidance.

On the data front, UK inflation accelerated to 3.3% in March from 3%, driven by higher energy costs linked to the Iran conflict.



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