Oct 27 - Britain's FTSE 100 slumped on Tuesday, pressured by HSBC shares after its quarterly revenue miss, while investors remained cautious ahead of the government's budget and amid higher oil prices.
The blue-chip FTSE 100 index fell 0.76% to 10,685.18 points by 0949 GMT, heading towards its biggest one-day decline in about a month. The midcap FTSE 250 gained 0.16%.
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HSBC fell 7%, its steepest one-day percentage decline since April 2025. Europe's largest bank reported third-quarter revenue of $18.6 billion, missing analysts' estimates of $19 billion, hurt by a slowdown in its wealth business
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Standard Chartered, NatWest Group and Lloyds Banking Group fell between 1.1% and 2.2%
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The banking index hit a four-month low and was last down 3.7%
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Brent crude gained 0.4% on renewed Houthi attacks on Saudi Arabia, overshadowing optimism from talks in Tehran
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Britain's budget is due on Wednesday, with investors remaining cautious ahead of key fiscal announcements against the backdrop of high borrowing costs and energy prices
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British business minister Jonathan Reynolds said Britain and the EU were "finding a way through" concerns over the bloc's proposed "Made in Europe" rules, which have raised uncertainty for UK manufacturers
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Exhibitions group Informa slipped 1% after cutting its full-year revenue growth guidance to 3% from 6%, as security concerns in the Middle East forced the rescheduling of events in Saudi Arabia
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Dettol maker Reckitt fell 4.5% after cutting its annual net revenue growth forecast, dragging the personal care, drug and grocery sector 1.8% lower into negative territory
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Computacenter was the top gainer on the FTSE 100, rising 1.6% after Stifel raised its price target on the IT services provider
Reporting by Darshan Kumar in Bengaluru; Editing by Janane Venkatraman
Source: Reuters