{"id":57044,"date":"2025-03-06T11:26:14","date_gmt":"2025-03-06T11:26:14","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/06\/ftse-100-down-more-than-1\/"},"modified":"2025-03-06T11:26:14","modified_gmt":"2025-03-06T11:26:14","slug":"ftse-100-down-more-than-1","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/06\/ftse-100-down-more-than-1\/","title":{"rendered":"FTSE 100 Down More Than 1%"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks are down firmly in negative territory Thursday morning with investors taking some profits, while reacting to corporate earnings updates and awaiting the European Central Bank&#8217;s interest rate decision later in the day.<\/p>\n<p>Worries about tariffs have eased slightly for now following the Trump administration deciding to delay car tariffs for Canada and Mexico by a month. Still, uncertainty about Trump&#8217;s trade and economic policies appear to be weighing a bit on sentiment.<\/p>\n<p>The benchmark FTSE 100, which dropped to 8,645.21, was down 95.10 points or 1.09% at 8,660.74 a little while ago.<\/p>\n<p>Melrose Industries is tanking more than 11% despite the company&#8217;s earnings for 2024 coming in line with expectations. The company has forecast strong future cash generation.<\/p>\n<p>Rentokil Initial is down 5.6% after reporing a decline in pre-tax income for the full year. For the 12-month period to December 31, 2024, the company posted a profit before tax of 405 million pounds, lesser than 493 million pounds in the previous year. Excluding items, pre-tax income was 703 million pounds, compared with 766 million pounds a year ago.<\/p>\n<p>Marks &amp; Spencer, LondonMetric Property, Compass Group, Informa, 3i, Pearson, Intermediate Capital, Halma, Rio Tinto and Relx are down 2 to 4%.<\/p>\n<p>Experian, HSBC Holdings, Diageo, Diploma, Intercontinental Hotels, Tesco and Segro are also notably lower.<\/p>\n<p>British nutrition products maker Reckitt Benckiser is up 1.8% despite the company reporting lower profit in fiscal 2024, with slight decline in revenues. Looking ahead, for the first quarter, the company expects mid-to-high single digit growth in Emerging Markets, with Europe flat. In North America, the company projects low-single digit growth.<\/p>\n<p>Motor and home insurer Admiral Group is up more than 6% after reporting a 90% jump in annual pre-tax profit. <\/p>\n<p>Endeavour Mining plc is up marginally, after reporting earnings before taxes of $99 million for the fourth quarter compared with loss of $82 million in the same quarter a year ago.<\/p>\n<p>ITV Plc is up 5% after reporting statutory profit before tax of 521 million pounds for twelve months ended 31 December 2024, compared to 193 million pounds, last year.<\/p>\n<p>On the economic front, the UK construction sector registered the sharpest contraction since May 2020 on notable falls in orders and output, survey results from S&amp;P Global showed on Thursday.<\/p>\n<p>The construction Purchasing Managers&#8217; Index fell unexpectedly to 44.6 in February from 48.1 in January. The reading was seen at 49.5. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>FTSE 100 Down More Than 1%<\/a><br \/>\n<br \/>2025-03-06 11:26:14<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks are down firmly in negative territory Thursday morning with investors taking some profits, while reacting to corporate earnings updates and awaiting the European Central Bank&#8217;s interest rate decision&#8230;<\/p>\n","protected":false},"author":2,"featured_media":57045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-57044","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57044"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57045"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}