FTSE 100 Moves Down for 4th Session
2026-04-23 08:06
By
Agna Gabriel
1 min. read
The FTSE 100 fell more than 0.4% on Thursday, marking a fourth straight decline as tensions between the US and Iran persisted and oil prices moved higher.
The two sides failed to hold a new round of peace talks and remain locked in a dispute over control of the Strait of Hormuz.
J Sainsbury dropped over 5% after warning the Middle East conflict could weigh on customers and profits, while Relx fell more than 2% despite reaffirming its outlook.
Several stocks also traded ex-dividend, adding pressure, including Fresnillo, BAE Systems, and Legal and General.
On the upside, the London Stock Exchange Group rose about 1% after reporting strong first-quarter revenue growth driven by higher trading activity.
In economic data, the UK budget deficit narrowed to £12.6 billion in March, the lowest for the month since 2022.