FTSE 100 edges lower as consumer stocks weigh on energy gains
FTSE 100 fell on Monday, pressured by weakness in major consumer stocks including Unilever and BAT. Energy shares offset some of the decline, with Shell and BP rising alongside higher crude prices.
The FTSE 100 edged down on Monday, with weakness in major consumer stocks offsetting gains in energy shares. 3% as crude prices climbed. Investor attention stayed on the US-Iran conflict after reports said the US 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, taking annual prices into negative territory for the first time since November 2023, according to Lloyds.