(RTTNews) – The UK stock market’s benchmark index FTSE 100 is down in negative territory on Friday, weighed down by losses in the banking sector. After nine successive days of gains, the index looks likely to settle on a weak note today.
Amid a lack of fresh economic and earnings news, investors are mostly seen making cautious moves and trimming down positions.
The FTSE 100 was down 34.95 points or 0.36% at 9,725.09 a few minutes past noon.
WPP, Auto Trader Group and Burberry Group are down 3.3 to 3.7%. Whitbread is down nearly 2%, while Intercontinental Hotels Group, BP, Natwesst Group, Standard Chartered, Shell, Sainsbury (J), Coca-Cola Europacific Partners, Next, Beazley and HSBC Holdings are down 1 to 1.7%.
Metlen Energy & Metals and Smith & Nephew are gaining 2.2% and 2.1%, respectively. BAE Systems is rising 1.7%.
Hikma Pharmaceuticals, Babcock International Group, Diageo, Haleon,…
