FTSE 100 Down as OECD Expects UK Economic Activity to Slow
London's FTSE 100 fell 0.17% on Wednesday's close as investors assessed the Organisation for Economic Co-operation and Development's latest report ahead of the monthly gross domestic product data due the next day. The OECD said the UK economic growth is expected to slow to 0.9% in 2026 from 1.4% in 2025 before recovering to 1.1% in 2027, while annual headline inflation is projected to rise to 3.7% this year before easing to 2.4% the following year. The organization said stronger productivity growth, fiscal discipline and structural reforms would be needed to raise living standards. On the corporate front, private equity investor Intermediate Capital Group (ICG.L) was the top gainer on the blue-chip index, rising 4.75% after its fee-earning assets under management stood at $88.18 billion as of June 30, compared with $86.52 billion as of April 1. Housebuilder Barratt Redrow (BTRW.L) gained 4.28% after its adjusted pretax profit for the 52 weeks ended June 28 aligned with market expectations. The company also launched a share buyback program of up to 386 million pounds sterling to reduce its share capital. "Barratt Redrow's FY26 trading update is solid, with completions of.
London's FTSE 100 fell 0.17% on Wednesday's close as investors assessed the Organisation for Economic Co-operation and Development's latest report ahead of the monthly gross domestic product data due the next day.
The OECD said the UK economic growth is expected to slow to 0.9% in 2026 from 1.4% in 2025 before recovering to 1.1% in 2027, while annual headline inflation is projected to rise to 3.7% this year before easing to 2.4% the following year.
The organization said stronger productivity growth, fiscal discipline and structural reforms would be needed to raise living standards.
On the corporate front, private equity investor Intermediate Capital Group (ICG.L) was the top gainer on the blue-chip index, rising 4.75% after its fee-earning assets under management stood at $88.18 billion as of June 30, compared with $86.52 billion as of April 1.
Housebuilder Barratt Redrow (BTRW.L) gained 4.28% after its adjusted pretax profit for the 52 weeks ended June 28 aligned with market expectations.
The company also launched a share buyback program of up to 386 million pounds sterling to reduce its share capital. "Barratt Redrow's FY26 trading update is solid, with completions of.