{"id":64625,"date":"2025-09-25T11:13:00","date_gmt":"2025-09-25T11:13:00","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/09\/25\/ftse-100-down-0-4-at-noon-convatec-declines-sharply\/"},"modified":"2025-09-25T11:13:00","modified_gmt":"2025-09-25T11:13:00","slug":"ftse-100-down-0-4-at-noon-convatec-declines-sharply","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/09\/25\/ftse-100-down-0-4-at-noon-convatec-declines-sharply\/","title":{"rendered":"FTSE 100 Down 0.4% At Noon; Convatec Declines Sharply"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks are down in negative territory on Thursday, in line with other major <span class=\"landLinks\">markets<\/span> in Europe, with investors awaiting some key economic data from the U.S. later in the day.<\/p>\n<p>The benchmark FTSE 100 was down 33.77 points or 0.37% at 9,216.66 a few minutes past noon.<\/p>\n<p>Phoenix Group Holdings is down more than 5%. Convatec Group is down 4.7% after the US launched investigations into imports of robotics, industrial machinery, and medical devices. <\/p>\n<p>Ashtead Group is down by about 2.5%, while St. James&#8217;s Place, Endeavour Mining, ICG, Standard Chartered, Experian and United Utilities are down 1.6 to 2.2%.<\/p>\n<p>HSBC Holdings, Melrose Industries, Schroders, Antofagasta, Prudential, Barclays Group, Rolls-Royce Holdings, Marks &amp; Spencer, Croda International and Centrica are also notably lower.<\/p>\n<p>JD Sports Fashion is rising 2% after launching a \u00a3100 million share buyback program. Shares of healty and safety device maker Halma Plc are up 1% after the company raised its full-year revenue growth forecast. <\/p>\n<p>Rio Tinto is gaining 2.7% and Beazley is up 2.5%, while Anglo Amerian Plc, British American Tobacco, 3i Group, Glenore and Pearson are also up with strong gains.<\/p>\n<p>On the economic front, the Distributive Trades Survey from the Confederation of British Industry showed UK retailers expect sales to decline at a steeper pace in October, due to persistent weak demand conitions.<\/p>\n<p>Further, the survey showed that October&#8217;s sales are set to disappoint as the balance for next month declined to -43%.<\/p>\n<p>CBI Principal Economist Martin Sartorius said, &#8220;Weak demand continues to weigh on sales, while US tariffs are adding pressure for some retailers.&#8221;<\/p>\n<p>&#8220;Lacklustre economic conditions are also affecting the wider distribution sector, with wholesalers and motor traders seeing fast sales declines in September,&#8221; Sartorius added. <\/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 0.4% At Noon; Convatec Declines Sharply<\/a><br \/>\n<br \/>2025-09-25 11:13:00<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks are down in negative territory on Thursday, in line with other major markets in Europe, with investors awaiting some key economic data from the U.S. later in the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":64626,"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-64625","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/64625","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=64625"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/64625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/64626"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=64625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=64625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=64625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}