The U.K. stock market’s benchmark index FTSE 100 fell on Tuesday as disappointing earnings from HSBC Holdings and Reckitt Benckiser hurt sentiment. A sharp increase in UK shop price inflation weighed as well.
The FTSE 100, which slid to 10,647.59 earlier, was down 81.65 points or 0.76% at 10,685.68 an hour past noon.
HSBC Holdings tumbled nearly 7% after pre-tax profit for the third-quarter came in at $9.63 million, less than analysts’ expectations of $9.7 billion. The lender had posted a pre-tax profit of $7.30 billion in the year-ago quarter.
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Market Analysis
FTSE 100 Retreats On Earnings Misses, Shop Price Inflation Surge
2026-10-27 12:09:47
