Investor Alert

New York Markets Open in:

London Markets Archives | Email alerts

May 14, 2020, 6:37 a.m. EDT

FTSE 100 skids on concerns over economy

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    FTSE 100 Index (UKX)
  • X
    M&G PLC (MNG)
  • X
    Legal & General Group PLC (LGEN)

or Cancel Already have a watchlist? Log In

By Steve Goldstein, MarketWatch


Getty Images
A passenger wearing a mask walks along the platform at Vauxhall Underground station in London on May 14, 2020, after a partial loosening of the coronavirus lockdown guidelines.

U.K. stocks skidded lower on Thursday on worries markets have climbed too quickly in the face of the coronavirus pandemic still keeping most economies shut.

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -1.53%  dropped over 2%, with 94 of its components losing ground.

Through Wednesday, the FTSE 100 has climbed 18% from its March lows. On Wednesday, data released by the U.K. government showed the economy fell by 5.8% in March when there was just over a week of lockdown.

Decliners included those invested in the stock market, with M&G /zigman2/quotes/214468176/delayed UK:MNG -1.18% , Prudential and Legal & General /zigman2/quotes/201125471/delayed UK:LGEN -1.05%  each dropping sharply. Prudential /zigman2/quotes/200530572/delayed UK:PRU -1.38%  said it was considering other options besides an initial public offering for its Jackson insurance arm in the U.S., as Asian sales fell 24% in the first quarter.

Hargreaves Lansdown /zigman2/quotes/201025857/delayed UK:HL -0.28%  climbed 5%, as the U.K. investment firm reported net new business of £4.0 billion in the four months ending April 30.

3i Group /zigman2/quotes/202254899/delayed UK:III -1.06%  was another advancer, as the private-equity firm reported a smaller-than-expected decline in net asset value.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,090.87
-94.75 -1.53%
Volume: 220,467
Aug. 14, 2020 12:45p
loading...
/zigman2/quotes/214468176/delayed
UK : U.K.: London
179.90 p
-2.15 -1.18%
Volume: 2.41M
Aug. 14, 2020 12:40p
P/E Ratio
4.27
Dividend Yield
9.94%
Market Cap
£4.72 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201125471/delayed
UK : U.K.: London
226.10 p
-2.40 -1.05%
Volume: 3.11M
Aug. 14, 2020 12:43p
P/E Ratio
10.92
Dividend Yield
7.77%
Market Cap
£14.06 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200530572/delayed
UK : U.K.: London
1,250.50 p
-17.50 -1.38%
Volume: 1.16M
Aug. 14, 2020 12:43p
P/E Ratio
N/A
Dividend Yield
0.98%
Market Cap
£33.47 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201025857/delayed
UK : U.K.: London
1,779.50 p
-5.00 -0.28%
Volume: 167,763
Aug. 14, 2020 12:43p
P/E Ratio
26.99
Dividend Yield
3.09%
Market Cap
£8.53 billion
Rev. per Employee
£312,208
loading...
/zigman2/quotes/202254899/delayed
UK : U.K.: London
916.40 p
-9.80 -1.06%
Volume: 353,405
Aug. 14, 2020 12:42p
P/E Ratio
41.79
Dividend Yield
3.82%
Market Cap
£9.16 billion
Rev. per Employee
N/A
loading...

Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.