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FTSE 100 dips, led by NatWest Group's share drop; Rentokil Initial posts largest gain

Published Oct 27, 2023 18:48
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The FTSE 100 Index experienced a downturn on Friday, dipping by 0.86% to close at 7,291.28. The major international bank, NatWest Group PLC (LON:NWG), led the decline with an 11.56% drop in its shares. Other companies that contributed to the index's slide included Lloyds Banking Group (LON:LLOY) PLC, technical services firm Intertek Group (LON:ITRK) PLC, GSK PLC, and Diageo (LON:DGE) PLC.

Despite the overall downward trend, some companies managed to post gains on Friday. Diversified business services company Rentokil Initial (LON:RTO) PLC recorded the largest increase with a 3.59% rise in its shares. Other firms that saw a boost included precious metals firm Fresnillo (LON:FRES) PLC, Mondi (LON:MNDI) PLC, wholesalers company RS Group (LON:RS1R) PLC, and gambling industries business Flutter Entertainment PLC (LON:FLTRF).

In currency markets, the pound appreciated against the dollar but depreciated against the euro. Meanwhile, Brent crude saw a rally of 0.9%, while the yield on the 10-year gilt fell by 6.800 basis points.

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

FTSE 100 dips, led by NatWest Group's share drop; Rentokil Initial posts largest gain
 

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