The U.K. stock market experienced a decline on Friday, with the FTSE 100 Index closing down at 7,360.55, representing a decrease of 1.28%.
Declines in Key Companies
Several companies listed on the FTSE 100 saw significant declines in their shares on Friday:
- Diageo PLC (DGE) experienced the largest decline, with shares tumbling 12.17%.
- Ocado Group PLC (OCDO), a food retail firm, saw its shares shed 5.58%.
- Precious metals company Fresnillo PLC (FRES) also experienced a decline of 4.93%.
Top Decreases in the Market
In addition to the above-mentioned companies, two other notable decreases in stock value were observed:
- WPP PLC (WPP), an advertising/marketing/public relations company, experienced a decrease of 3.50%.
- ITV PLC (ITV), a broadcasting business, saw its stocks shed 3.37%.
Increases in Key Companies
On the other hand, BAE Systems PLC (BA), a defense equipment/products company, witnessed an increase in its shares by 1.24%.
Other Companies with Stock Increases
Aside from BAE Systems PLC, two other companies observed stock increases:
- SSE PLC (SSE), a firm specializing in energy utilities, witnessed a rise of 1.11%.
- Ferguson PLC (FERG), a wholesalers company, saw its stocks increase by 0.78%.
Major Oil & Gas Companies’ Performance
Shell PLC (SHEL) and BP PLC (BP), both major players in the oil & natural gas industry, also experienced increases in their stocks:
- Shell PLC saw its stocks rise by 0.55%
- BP PLC witnessed a stock increase of 0.53%
Currency and Commodity Market Updates
In currency markets, the pound recorded a decline of 0.18% against the dollar and 0.16% against the euro.
Meanwhile, Brent crude rose by 1.9% to $81.50, and the yield on the 10-year gilt increased by 6.030 basis points to 4.335%.
