Oct 19 (Reuters) - London's FTSE 100 closed down on Monday, dragged by Barclays, which fell after a report said that the Bank of England was probing the lender, while weakness in miners added further pressure.
The blue-chip FTSE 100 index fell 1.1% to 10,764.69 points after three consecutive sessions of gains. The midcap FTSE 250 slipped 0.6%, snapping a six-day winning streak.
Here are more details:
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Unilever agreed to sell its Welly bandage brand to private-equity firm Forward Consumer Partners, the Wall Street Journal reported after markets closed
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Barclays fell 3.5% as a report by The Financial Times said the Bank of England was examining whether the lender's traders misrepresented illiquid private credit loans to understate their risk
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The broader sector was down 2.3%
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Anglo American and Glencore fell 4.1% and 3.3%, respectively, among the benchmark's biggest drags, as copper prices dipped
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Industrial metal miners, aerospace and defence stocks and utilities were also down more than 2% each
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Investors will be watching for UK September inflation and retail sales figures this week, just as earnings season gets underway
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Finance Minister John Healey's first budget speech is due next week. According to media reports, income tax on family business transfers and windfall taxes on banks are expected.
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Asking prices for British homes rose in October amid signs that rising mortgage rates — caused by the war in Iran — were starting to weigh on affordability and more resilient parts of the market, property website Rightmove said
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Serica Energy fell 2.6% after flagging a further delay to the restart of its Triton production vessel and lowering its annual production forecast
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Luxury handbag maker Mulberry gained 2.6% after reporting an 18% jump in first-half sales.
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Volex bottomed the FTSE 250 after its half-year trading update, while Pets at Home rose about 6.7% after Peel Hunt's rating upgrade
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Risk appetite was subdued in Europe as investors weighed political uncertainty in France
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In the broader London market, decliners outnumbered advancers by a 2-to-1 margin
Reporting by Darshan Kumar and Medha Singh in Bengaluru; Editing by Harikrishnan Nair and Diti Pujara
Source: Reuters