FTSE 100 Falls 2%

2026-05-15 15:40 By Agna Gabriel 1 min. read

The FTSE 100 plunged 2% on Friday as investors reacted to a mix of concerns over rising inflation, interest rate uncertainty and mounting political tensions in the UK.

UK markets underperformed amid speculation that Greater Manchester Mayor Andy Burnham could launch a challenge for the top job in Westminster, adding to political uncertainty.

Mining and banking stocks led the selloff, with Fresnillo and Antofagasta tumbling more than 10%, Anglo American falling 6.3% and Endeavour down 7.3%, while Glencore and Rio Tinto lost more than 3.5%.

Banking shares were also under heavy pressure, with HSBC declining 2.5%, Lloyds and Barclays dropping more than 3%, and NatWest and Standard Chartered losing over 1.5%.

Centrica slumped 7% after agreeing to pay £20 million to settle an Ofgem investigation into claims that British Gas forced struggling customers onto prepayment meters.



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