FTSE 100 closes in the red after interest rates hiked again
The IndependentThe FTSE 100 dropped after the Bank of England and Federal Reserve both announced interest rate increases. “A slew of ex-dividends and gains for sterling have meant the FTSE 100 hasn’t joined in the more optimistic afternoon session.” Elsewhere in Europe, the German Dax fell by 0.03%, and the French Cac 40 increased by 0.05% at the close. The biggest risers on the FTSE 100 were: Melrose Industries, up 5.7p to 159.85p; Endeavor Mining, up 52p to 1,843p; Ocado Group, up 12.3p to 447.4p; Scottish Mortgage Investment Trust, up 14.2p to 670p; and BAE Systems, up 17p to 975p. The biggest fallers on the FTSE 100 were: British American Tobacco, down 165.5p to 2,823.5p; Schroders, down 18p to 445.4p; Standard Chartered, down 19.6p to 632.4p; HSBC Holdings, down 16.4p to 548.2p; and Legal & General Group, down 6.6p to 228.9p.