2 years, 2 months ago
FTSE 100 back in the red as bank shares slide
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The FTSE 100 slipped into the red as the UK’s inflation rate hit another 40-year high in September. And London’s top index was driven down by sliding shares in Britain’s biggest banks, after reports Mr Jeremy Hunt could be weighing up a decision to slap higher taxes on lenders’ profits. With corporation tax due to rise to 25% next year, it seems there is no length that politicians will stoop to try and fill various holes in the public finances Michael Hewson, chief market analyst at CMC Markets UK Shares in FTSE 100-listed banking giants Lloyds Banking Group, Natwest, and Barclays were all down on Wednesday as investors reacted to the speculation. Michael Hewson, chief market analyst at CMC Markets UK, said: “UK banking shares have struggled the most today on fears that they could be hit by a new windfall tax, on top of the 8% banking surcharge they pay, on top of the corporation tax rate.
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History of this topic
2 weeks, 5 days ago
London’s FTSE 100 loses ground as UK service sector growth slows
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4 weeks ago
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2 months, 2 weeks ago
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2 months, 3 weeks ago
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2 months, 4 weeks ago
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3 months ago
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3 months, 1 week ago
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3 months, 3 weeks ago
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4 months, 2 weeks ago
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4 months, 3 weeks ago
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4 months, 3 weeks ago
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4 months, 3 weeks ago
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5 months, 1 week ago
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6 months ago
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6 months, 1 week ago
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7 months ago
FTSE 100 falls as utility sector weighs on market
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7 months, 1 week ago
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7 months, 2 weeks ago
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7 months, 3 weeks ago
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7 months, 3 weeks ago
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8 months ago
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8 months ago
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8 months, 2 weeks ago
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10 months, 1 week ago
Top UK shares boosted after inflation beats forecasts
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10 months, 1 week ago
London’s FTSE 100 lags behind peers as pharmaceutical giants weigh
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10 months, 3 weeks ago
FTSE drops as falling oil prices put pressure on energy stocks
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10 months, 3 weeks ago
FTSE slips into the red after Bank of England keeps interest rates on hold
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11 months ago
Gamblers lead FTSE in slight gain as it lags European peers
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11 months, 1 week ago
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1 year, 1 month ago
Pound slips as UK growth forecasts downgraded and oil prices plunge
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1 year, 1 month ago
US inflation figures put spring back in the step of global markets
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1 year, 2 months ago
London stocks drop as Middle East tensions drive oil prices higher
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1 year, 2 months ago
FTSE 100 treads water as European stocks end month on a high
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1 year, 3 months ago
FTSE slips despite Bank of England interest rate pause as pound tumbles
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1 year, 3 months ago
European markets slip after weaker service sector data
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1 year, 3 months ago
FTSE breaks six-day winning streak to end August deep in the red
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1 year, 3 months ago
Marks & Spencer returns to FTSE 100 while Abrdn and Persimmon get the boot
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1 year, 4 months ago
FTSE 100 rebounds on back of commodities after seven-day losing streak
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1 year, 4 months ago
Retailers among fallers as FTSE 100 slumps again
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1 year, 4 months ago
FTSE 100 falls to new month-low as bond yields climb
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1 year, 4 months ago
FTSE 100 slumps after UK wage growth data stokes fears over interest rates
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1 year, 4 months ago
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