FTSE 100 Falls for 2nd Session
2026-09-08 07:46
By
Agna Gabriel
1 min. read
The FTSE 100 traded slightly lower as global stocks weakened and Brent crude approached $100 a barrel, reinforcing expectations that central banks may need to keep raising interest rates to contain inflation.
Banks were among the worst performers, with Lloyds Banking Group, HSBC Holdings and Barclays falling between 1.3% and 1.7%, while NatWest and Standard Chartered also declined.
Pharma stocks AstraZeneca and GSK slipped around 0.5%-0.7%, and Rolls-Royce was down 0.9%.
In contrast, Computacenter jumped 4% after strong results, benefiting from the boom in data-centre spending.
Rising oil prices supported energy stocks, with BP up 1.5% and Shell gaining 1%.
Miners also advanced as copper prices reached another record high, lifting Antofagasta 1.7% and Glencore 1.3%.
Meanwhile, UK retail sales grew 0.7% in August, according to the British Retail Consortium, below the 1.6% 12-month average and 3.1% growth recorded in August last year.