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FTSE 100 experiences minor decline, BP PLC leads losses

EditorRachael Rajan
Published 10/31/2023, 03:23 PM
Updated 10/31/2023, 03:23 PM
© Reuters.

The FTSE 100 Index (UKX) closed at 7,321.72 on Tuesday, marking a slight decrease of 0.08%. The dip was led by BP (NYSE:BP) PLC, whose shares dropped by 4.58%. Other companies experiencing significant declines included Glencore (OTC:GLNCY) PLC with a fall of 3.51%, InterContinental Hotels Group PLC with a decrease of 3.04%, Ferguson PLC with a slide of 2.38%, and Antofagasta (LON:ANTO) PLC, which saw its shares drop by 1.75%.

In contrast, Rolls-Royce (OTC:RYCEY) Holdings PLC led the gainers on Tuesday with an increase of 6.63%. Other companies that saw notable gains included International Distribution Services PLC, which rose by 3.40%, SEGRO PLC with an increase of 2.80%, Kingfisher (LON:KGF) PLC with a rise of 2.69%, and Croda International PLC, which experienced a growth of 2.60%.

The British pound had a mixed day on Tuesday, falling to $1.2133 against the US dollar (GBPUSD), marking a decrease of 0.15%. However, it gained against the euro (GBPEUR), rising to €1.1482, an increase of 0.15%.

In commodities, Brent crude's futures contract (BRN00) fell slightly by 0.3% to $86.05 on Tuesday. Simultaneously, the yield on the UK's benchmark 10-year gilt (TMBMKGB-10Y) declined by 4.270 basis points to sit at 4.519%.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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