Bearish
FTSE 100 declines 1.4% to 10,659.13 as banks and telecoms weigh on index.
The FTSE 100 index fell 1.4% to 10,659.13 points on September 18, 2026, primarily due to declines in financial and telecom sectors. Banks dropped 2.1%, with Lloyds and HSBC falling 2.9% and 1.6%, respectively. Telecom stocks were the biggest percentage decliners, with Airtel Africa losing 11.3% after reports suggested its Airtel Money division was considering downsizing its London IPO.
Key points
- Financial stocks drag FTSE 100 lower; Lloyds and HSBC decline.
- Airtel Africa shares tumble 11.3% amid IPO downsizing reports.
- Construction and materials stocks rise 1.3%, led by Galliford Try.
- UK consumers unexpectedly increase shopping in August, despite higher fuel prices.
Sources
AI-generated from public news sources. Not financial advice.
