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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 +0.60% 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 -0.0580% 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 +0.37% /zigman2/quotes/203901799/delayed UK:HSBA +0.62% down over 2%, Lloyds Banking Group /zigman2/quotes/202285510/delayed UK:LLOY +0.96% fell 1.5% and Standard Chartered /zigman2/quotes/200125072/delayed UK:STAN +1.84% 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 +0.52% . 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 +0.31% /zigman2/quotes/205095589/composite RDS.A -0.23% and BP /zigman2/quotes/202286639/delayed UK:BP +0.34% /zigman2/quotes/207305210/composite BP +0.25% 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 -3.03% slid over 3%, along with Wizz Air /zigman2/quotes/210449062/delayed UK:WIZZ -0.65% . Cruise operator Carnival /zigman2/quotes/210414141/delayed UK:CCL -1.77% is down 2% and easyJet /zigman2/quotes/202825892/delayed UK:EZJ -1.13% dropped 1.7%.

Among the gainers, shares of food delivery group Just Eat Takeaway.com /zigman2/quotes/216303066/delayed UK:JET -3.01% rose over 2%, along with those of plumbing and heating distributor Ferguson /zigman2/quotes/209006722/delayed UK:FERG +1.26% /zigman2/quotes/202546598/composite FERG 0.00% .

/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,233.76
+43.46 +0.60%
Volume: 234,300
Oct. 22, 2021 2:58p
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/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.3786
-0.0008 -0.0580%
Volume: 0.0000
Oct. 22, 2021 10:13a
loading...
/zigman2/quotes/208272822/composite
US : U.S.: NYSE
$ 30.11
+0.11 +0.37%
Volume: 241,141
Oct. 22, 2021 10:13a
P/E Ratio
13.32
Dividend Yield
3.62%
Market Cap
$122.73 billion
Rev. per Employee
$330,477
loading...
/zigman2/quotes/203901799/delayed
UK : U.K.: London
437.45 p
+2.70 +0.62%
Volume: 6.63M
Oct. 22, 2021 2:58p
P/E Ratio
13.24
Dividend Yield
3.64%
Market Cap
£88.80 billion
Rev. per Employee
£257,711
loading...
/zigman2/quotes/202285510/delayed
UK : U.K.: London
48.79 p
+0.47 +0.96%
Volume: 43.97M
Oct. 22, 2021 2:58p
P/E Ratio
7.41
Dividend Yield
2.54%
Market Cap
£34.29 billion
Rev. per Employee
£554,080
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/zigman2/quotes/200125072/delayed
UK : U.K.: London
493.70 p
+8.90 +1.84%
Volume: 1.72M
Oct. 22, 2021 2:57p
P/E Ratio
18.29
Dividend Yield
1.76%
Market Cap
£14.93 billion
Rev. per Employee
£194,812
loading...
/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 82.93
+0.43 +0.52%
Volume: 218,557
Oct. 22, 2021 10:03a
loading...
/zigman2/quotes/206428183/delayed
UK : U.K.: London
£ 1,761.60
+5.40 +0.31%
Volume: 1.30M
Oct. 22, 2021 2:58p
P/E Ratio
35.60
Dividend Yield
0.04%
Market Cap
£136.17 billion
Rev. per Employee
£1.52M
loading...
/zigman2/quotes/205095589/composite
US : U.S.: NYSE
$ 48.74
-0.11 -0.23%
Volume: 827,982
Oct. 22, 2021 10:13a
P/E Ratio
34.48
Dividend Yield
2.60%
Market Cap
$188.20 billion
Rev. per Employee
$1.95M
loading...
/zigman2/quotes/202286639/delayed
UK : U.K.: London
357.40 p
+1.20 +0.34%
Volume: 11.21M
Oct. 22, 2021 2:58p
P/E Ratio
11.58
Dividend Yield
4.42%
Market Cap
£70.80 billion
Rev. per Employee
£2.21M
loading...
/zigman2/quotes/207305210/composite
US : U.S.: NYSE
$ 29.52
+0.07 +0.25%
Volume: 1.25M
Oct. 22, 2021 10:13a
P/E Ratio
11.54
Dividend Yield
4.25%
Market Cap
$97.84 billion
Rev. per Employee
$2.84M
loading...
/zigman2/quotes/208070069/delayed
UK : U.K.: London
155.30 p
-4.86 -3.03%
Volume: 14.70M
Oct. 22, 2021 2:58p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£7.95 billion
Rev. per Employee
£120,743
loading...
/zigman2/quotes/210449062/delayed
UK : U.K.: London
4,430.00 p
-29.00 -0.65%
Volume: 123,279
Oct. 22, 2021 2:58p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£4.59 billion
Rev. per Employee
£166,524
loading...
/zigman2/quotes/210414141/delayed
UK : U.K.: London
1,464.60 p
-26.40 -1.77%
Volume: 453,872
Oct. 22, 2021 2:58p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£18.13 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202825892/delayed
UK : U.K.: London
593.00 p
-6.80 -1.13%
Volume: 7.70M
Oct. 22, 2021 2:58p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£4.53 billion
Rev. per Employee
£214,929
loading...
/zigman2/quotes/216303066/delayed
UK : U.K.: London
5,767.00 p
-179.00 -3.01%
Volume: 74,522
Oct. 22, 2021 2:57p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£12.65 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209006722/delayed
UK : U.K.: London
10,865.00 p
+135.00 +1.26%
Volume: 55,719
Oct. 22, 2021 2:58p
P/E Ratio
17.82
Dividend Yield
1.59%
Market Cap
£23.71 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202546598/composite
US : U.S.: NYSE
$ 148.98
0.00 0.00%
Volume: 1,468
Oct. 22, 2021 9:30a
P/E Ratio
17.98
Dividend Yield
1.61%
Market Cap
$32.77 billion
Rev. per Employee
N/A
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