FTSE 100 slips around 0.3% as consumer stocks drag
The FTSE 100 fell around 0.3% on Monday. Weakness in major consumer stocks weighed, with Unilever down 1.6% and BAT down 1.5%, partly offset by energy gains as Shell rose 0.7% and BP climbed 1.5%.
3% on Monday, with weakness in major consumer stocks weighing on the index. 5% as crude prices moved higher. Investor attention remained on the US-Iran conflict after reports that the US had struck three Iranian oil tankers following attacks on US warships. Energy Secretary Chris Wright said a new nuclear agreement with Tehran may not be reached soon, and suggested Washington could instead focus on eliminating Iran’s nuclear capabilities.
2% in August, leaving annual prices in negative territory for the first time since November 2023, according to Lloyds.