FTSE 100 weakens amid choppy trading for global markets
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. The FTSE 100’s recent poor performance has seen its mid-cap cousin, the FTSE 250, move further ahead Chris Beauchamp, chief market analyst at IG Chris Beauchamp, chief market analyst at online trading platform IG, said: “News from Standard Chartered has helped provide some support to the FTSE 100, but fresh weakness for mining stocks and Diageo’s poor results have cast a shadow over the index. “The FTSE 100’s recent poor performance has seen its mid-cap cousin, the FTSE 250, move further ahead, as investors pile back into UK-focused stocks despite the tough times ahead highlighted in the Chancellor’s statement yesterday.” Rachel Reeves told the House of Commons on Monday that the Labour Government will “fix the foundations of our economy” after highlighting a shortfall in public finances she said was covered up by the previous government. In other company news, shares in Greggs jumped higher after the high street bakery chain said reported strong profit growth for the first half of the year.