London’s FTSE100 drops below 6000 as Brexit woes deepen
London’s FTSE 100 index closed below 6,000 on Monday, and dropped by nearly as much as it lost on Friday in the wake of the shock UK referendum decision to quit the European Union
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Barclays is a global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management. It operates through branches, offices and subsidiaries in the United Kingdom and overseas.
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London’s FTSE 100 index closed below 6,000 on Monday, and dropped by nearly as much as it lost on Friday in the wake of the shock UK referendum decision to quit the European Union
The FTSE 100 Index fell 95.7 points to 6,043 while even small-cap stocks took a hit
Bank share prices plummet as investors fretted about possible loss of access to European markets
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The FTSE 100 Index fell 63 points to 6,075, although that was less than some market watchers expected
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Shares in Barclays Plc, Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc were among the worst hit on Friday
House builders, financials and airline IAG, which issued a profit warning, took an absolute battering today.
Britain's premier share index is down 4.49% at the midday point, while other European shares are tanking
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That's it from us for a very volatile Friday, more Brexit reaction to follow on Monday.
Britain's top share index opened almost 7% lower before making up some ground after a historic EU referendum vote and as PM David Cameron told the nation he will resign.
The FTSE 100 index closed firmer on Tuesday, after a choppy session, as the latest opinion polls showed Remain-Brexit support on a knife-edge ahead of Thursday’s referendum
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The polls are tight and much can still happen before Thursday’s EU vote, in the meantime equities are expected to show some volatility.
The FTSE100 held onto most of its intraday gains to close over 3% higher on Monday after sentiment towards remaining in the EU grew
The FTSE 100 opened strongly as predicted, with the opinion polls suggesting the ‘remain campaign’ has a narrow lead ahead of the crucial vote on Thursday.
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Precious few blue-chips were making headway and the few that were in the blue were mainly defensive favourites
Having held its own for most of the week, the top shares index finished down on the week, laid low by fears over a UK exit from the European Union
"It is clear that there has been a big shift in sentiment around the Brexit over the past 10 days," said IG market analyst Joshua Mahoney.
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All but two of the top-share index's constituents were in the red
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Miners kept the FTSE 100 Index in positive territory on Thursday
Sympathy may be in short supply for Atlas Mara, the company co-founded by former Barclays boss Bob Diamond.
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"While we cut our forecasts by 1-3% to reflect weaker trends in London for the Midway division, we remain confident in Merlin's recovery potential in 2016/17," said the broker