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Aug. 31, 2021, 9:39 a.m. EDT

Oil and banks weigh on FTSE 100, which heads for a solid August gain

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By Barbara Kollmeyer

London stocks fell on Tuesday as investors returned from a bank holiday on the last trading day of the month. The biggest decliners were banks and energy companies.

The FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX -0.77% slid 0.5% to 7,112.71, but was poised to gain 1% for August, after a flat performance in July. The pound /zigman2/quotes/210561263/realtime/sampled GBPUSD -0.4397% rose 0.2% to $1.3787. On the economic side, a survey from Lloyds revealed a four-year high for business confidence, though concerns about a shortage of workers.

Banks overall were under pressure, with heavily weighted HSBC /zigman2/quotes/208272822/composite HSBC -0.99% /zigman2/quotes/203901799/delayed UK:HSBA -0.62% down over 2%, Lloyds Banking Group /zigman2/quotes/202285510/delayed UK:LLOY -0.73% fell 1.5% and Standard Chartered /zigman2/quotes/200125072/delayed UK:STAN -1.21% dropped 1%.

Those losses came as Bank of England data released Tuesday showed individuals paid back £1.4 billion ($1.9 billion) of mortgage debt on net in July following record net borrowing of £17.7 billion in June. Mortgage approvals for house purchase were 75,200 in July, down from 80,300 in June.

Heavily weighted energy companies were also pressuring the index, as they struggled alongside weak oil prices /zigman2/quotes/209723049/delayed CL00 +0.66% . Many refineries in the Gulf Coast are struggling to get back online in the wake of Hurricane Ida, one of the biggest hurricanes to ever hit the U.S. Investors were also looking ahead to Wednesday’s meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+.

Shares of Royal Dutch Shell /zigman2/quotes/206428183/delayed UK:RDSA +1.68% /zigman2/quotes/205095589/composite RDS.A +1.86% and BP /zigman2/quotes/202286639/delayed UK:BP +0.98% /zigman2/quotes/207305210/composite BP +1.37% were down over 1% each.

Travel-related stocks fell a day after the European Union announced it was recommending a restriction on nonessential travel from the U.S. Shares of International Consolidated Airlines /zigman2/quotes/208070069/delayed UK:IAG -2.43% slid over 3%, along with Wizz Air /zigman2/quotes/210449062/delayed UK:WIZZ -3.64% . Cruise operator Carnival /zigman2/quotes/210414141/delayed UK:CCL -2.06% is down 2% and easyJet /zigman2/quotes/202825892/delayed UK:EZJ -1.81% dropped 1.7%.

Among the gainers, shares of food delivery group Just Eat Takeaway.com /zigman2/quotes/216303066/delayed UK:JET +0.56% rose over 2%, along with those of plumbing and heating distributor Ferguson /zigman2/quotes/209006722/delayed UK:FERG -3.63% /zigman2/quotes/202546598/composite FERG -4.71% .

/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,552.85
-58.38 -0.77%
Volume: 340,757
Jan. 18, 2022 2:36p
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/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.3586
-0.0060 -0.4397%
Volume: 0.0000
Jan. 18, 2022 9:51a
loading...
/zigman2/quotes/208272822/composite
US : U.S.: NYSE
$ 35.00
-0.35 -0.99%
Volume: 441,680
Jan. 18, 2022 9:51a
P/E Ratio
12.62
Dividend Yield
3.11%
Market Cap
$143.51 billion
Rev. per Employee
$249,834
loading...
/zigman2/quotes/203901799/delayed
UK : U.K.: London
515.80 p
-3.20 -0.62%
Volume: 12.65M
Jan. 18, 2022 2:36p
P/E Ratio
12.84
Dividend Yield
3.12%
Market Cap
£105.36 billion
Rev. per Employee
£182,459
loading...
/zigman2/quotes/202285510/delayed
UK : U.K.: London
54.73 p
-0.40 -0.73%
Volume: 71.23M
Jan. 18, 2022 2:36p
P/E Ratio
8.32
Dividend Yield
2.27%
Market Cap
£39.14 billion
Rev. per Employee
£572,496
loading...
/zigman2/quotes/200125072/delayed
UK : U.K.: London
520.60 p
-6.40 -1.21%
Volume: 1.70M
Jan. 18, 2022 2:36p
P/E Ratio
19.28
Dividend Yield
1.67%
Market Cap
£16.23 billion
Rev. per Employee
£167,202
loading...
/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 84.37
+0.55 +0.66%
Volume: 270,219
Jan. 18, 2022 9:41a
loading...
/zigman2/quotes/206428183/delayed
UK : U.K.: London
£ 1,873.80
+31.00 +1.68%
Volume: 9.21M
Jan. 18, 2022 2:36p
P/E Ratio
46.31
Dividend Yield
0.03%
Market Cap
£141.03 billion
Rev. per Employee
£1.88M
loading...
/zigman2/quotes/205095589/composite
US : U.S.: NYSE
$ 50.98
+0.93 +1.86%
Volume: 629,224
Jan. 18, 2022 9:51a
P/E Ratio
43.32
Dividend Yield
2.50%
Market Cap
$190.67 billion
Rev. per Employee
$2.58M
loading...
/zigman2/quotes/202286639/delayed
UK : U.K.: London
397.60 p
+3.85 +0.98%
Volume: 20.90M
Jan. 18, 2022 2:36p
P/E Ratio
16.97
Dividend Yield
2.86%
Market Cap
£77.30 billion
Rev. per Employee
£1.75M
loading...
/zigman2/quotes/207305210/composite
US : U.S.: NYSE
$ 32.48
+0.44 +1.37%
Volume: 1.71M
Jan. 18, 2022 9:51a
P/E Ratio
16.73
Dividend Yield
3.91%
Market Cap
$104.45 billion
Rev. per Employee
$2.39M
loading...
/zigman2/quotes/208070069/delayed
UK : U.K.: London
162.86 p
-4.06 -2.43%
Volume: 10.80M
Jan. 18, 2022 2:36p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£8.28 billion
Rev. per Employee
£72,726
loading...
/zigman2/quotes/210449062/delayed
UK : U.K.: London
4,476.00 p
-169.00 -3.64%
Volume: 68,757
Jan. 18, 2022 2:36p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£4.79 billion
Rev. per Employee
£250,991
loading...
/zigman2/quotes/210414141/delayed
UK : U.K.: London
1,492.20 p
-31.40 -2.06%
Volume: 362,285
Jan. 18, 2022 2:36p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£18.79 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202825892/delayed
UK : U.K.: London
628.20 p
-11.60 -1.81%
Volume: 2.35M
Jan. 18, 2022 2:36p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£4.84 billion
Rev. per Employee
£112,154
loading...
/zigman2/quotes/216303066/delayed
UK : U.K.: London
3,980.00 p
+22.00 +0.56%
Volume: 58,266
Jan. 18, 2022 2:36p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£8.41 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209006722/delayed
UK : U.K.: London
12,075.00 p
-455.00 -3.63%
Volume: 163,949
Jan. 18, 2022 2:36p
P/E Ratio
19.81
Dividend Yield
1.46%
Market Cap
£27.49 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202546598/composite
US : U.S.: NYSE
$ 164.22
-8.11 -4.71%
Volume: 8,002
Jan. 18, 2022 9:39a
P/E Ratio
19.83
Dividend Yield
1.46%
Market Cap
$37.39 billion
Rev. per Employee
N/A
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