FTSE 100 Falls on Friday
2026-06-26 15:52
By
Agna Gabriel
1 min. read
The FTSE 100 edged down on Friday, tracking a broader decline in European equities fueled by retreating oil prices and a US technology selloff.
Oil prices weakened on growing optimism surrounding a potential US-Iran peace deal and restored shipping traffic through the Strait of Hormuz, directly hitting energy heavyweights BP and Shell, which dropped 2% and 0.8% respectively.
Globally, market sentiment soured following a slide in Apple shares and reports that OpenAI might delay its initial public offering.
This broader risk-off environment dragged down banks like HSBC by over 1.5%, and aerospace manufacturing giants Rolls-Royce (-1.4%).
Mining majors Rio Tinto was down 0.4% and Glencore slid over 2%.
Defying the downturn, pharmaceutical firm AstraZeneca added 1.4%, and consumer staples Unilever rose 0.7% and British American Tobacco gained 1.5%.
Despite Friday's loss, the UK index rose 1.5% this week.