New Model Adviser - For professional financial planners

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

FTSE falls as banks and builders resume Brexit slide

FTSE 100 falls as shares in companies exposed to the UK domestic economy resume slide amid political turmoil over Brexit deal.

FTSE falls as banks and builders resume Brexit slide

Update: The FTSE 100 has fallen as shares in banks and house builders resumed their slide over the turmoil surrounding the UK's exit from the EU.

The UK blue-chip index fell nine points to 7,029, having closed yesterday only marginally lower on a day of political drama, buoyed by the pound's heavy fall.

The pound lifted from yesterday's lows, up half a cent against the dollar at $1.284.

But stocks exposed to the UK domestic economy, which were hit hard yesterday, continued to slide.

Banks fell to the bottom of the FTSE 100 for a second successive day, with Royal Bank of Scotland (RBS) down 2.7% at 218.2p, Lloyds (LLOY) falling 1.6% to 54.5p and Barclays (BARC) off 1.1% at 164.6p.

House builders endured another day in the red. Persimmon (PSN) fell 2% to £21.35 and Berkeley (BKGH) dropped 1.5% to £33.76.

On the FTSE 250, CYBG (CYBGC), owner of the Clydesdale and Yorkshire banks and Virgin Money UK, was down 2.9% at 255.4p.

House builders Bovis (BVS) and Crest Nicholson (CRST) were down 1.4% at 951.6p and 2.2% at 336.6p, respectively.

Share this story

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
More Content
7178.6 + 11 0.16% 04:35
More Content
More Content

BUSINESS

Administrators net £6.4m as six-year failed broker saga nears end

Administrators net £6.4m as six-year failed broker saga nears end

The High Court has given the green light to the administrators of failed firm Pritchard Stockbrokers to distribute £23.5 million of client assets, bringing a six-year saga to an end

ADVICE

4 Comments Providers reveal 10 biggest pension scam red flags

Providers reveal 10 biggest pension scam red flags

The Pensions Scams Industry Group has revealed 10 of the most important red flags providers look for when assessing whether a transfer is potential scam.

twitter_banner

INVESTMENT