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FTSE 100 falls as Nvidia weighs on sentiment; Barratt Developments and M&G decline - Market Report

FTSE 100 falls as Nvidia weighs on sentiment; Barratt Developments and M&G decline - Market Report

London's FTSE 100 faced another fall on Wednesday morning as few of the index’s constituents opened the day in positive territory.

This followed a near 10% drop in Nvidia shares on Tuesday on news the company was being probed over potential antitrust violations, which prompted a wider tech sell-off.

Back in London, Barratt Developments was among reporters, with the housebuilder falling after slashing its dividend on the back of lower earnings for the year.

Fund manager M&G also moved lower early on following its report of a net outflow and drop in profit over the first half of the year.

Insurer Direct Line offered a more positive update, reporting interim dividend payments would resume after it returned to profit during the first half.

And finally, warehouse property developer Segro announced it had agreed an all-share takeover offer of Tritax Eurobox.

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