The U.K. stock market closed on a negative note on Thursday, with the FTSE 100 Index falling by 1.01% to 7,410.97.
Burberry Group PLC Plunges
Among the constituents of the FTSE 100, Burberry Group PLC witnessed the largest decrease in share price, with shares plunging by 11.15%.
Ocado Group PLC and DS Smith PLC Also See Declines
Shares of food retail firm Ocado Group PLC and containers/packaging company DS Smith PLC also experienced significant declines of 6.17% and 4.21%, respectively.
Top Decreases: Smurfit Kappa Group PLC and International Distribution Services PLC
Containers/packaging company Smurfit Kappa Group PLC and air freight business International Distribution Services PLC rounded out the top five largest decreases, with their stocks shedding 3.92% and 3.84%, respectively.
Halma PLC Leads in Increase
On the positive side, precision products company Halma PLC saw the largest increase among FTSE 100 constituents, as shares rallied by 3.18% on Thursday.
National Grid PLC and Pershing Square Holdings Ltd. Show Growth
Shares of firm National Grid PLC and closed-end funds company Pershing Square Holdings Ltd. also experienced growth, increasing by 2.10% and 1.39%, respectively.
Top Increases: SSE PLC and RELX PLC
Completing the top five largest increases were SSE PLC, a company, and publishing company RELX PLC, with their stocks rallying by 1.14% and 0.96%, respectively.
Pound and Crude Oil Movements
The pound showed slight gains against both the dollar and the euro, with a 0.02% increase against the dollar ($1.2420) and a 0.01% increase against the euro (€1.1447).
Meanwhile, Brent crude dropped significantly by 4.4% to $77.60, and the yield on the 10-year gilt fell by 7.670 basis points to 4.154%.