Investing.com - Financial Markets Worldwide
Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

UK shares fall as higher bond yields weigh

Published 05/03/2021, 09:13
Updated 05/03/2021, 09:18
© Reuters.
UK100
-
BP
-
LLOY
-
PRU
-
RDSa
-
RIO
-
AAL
-
BHPB
-
LSEG
-
AGGK
-
FTMC
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 down 0.7%, FTSE 250 off 0.7%

March 5 (Reuters) - London's FTSE 100 fell on Friday, as a
persistent rise in bond yields globally led to fears of higher
inflation and borrowing costs, while energy stocks rose on
higher crude oil prices.
The blue-chip FTSE 100 index .FTSE fell 0.7%, with banking
and mining stocks, including Prudential Plc PRU.L , Lloyds
banking LLOY.L , Rio Tinto RIO.L , Anglo American AAL.L , and
BHP BHPB.L , leading declines.
Oil heavyweights BP BP.L and Royal Dutch Shell RDSa.L ,
however, gained 0.7% and 0.4%, respectively, as oil prices
climbed after OPEC and its allies agreed to extend output cuts
to April. O/R
A weaker overnight finish on Wall Street following a jump in
U.S. Treasury yields also spilled over to Asian equities earlier
in the day. MKTS/GLOB
The UK domestically focused mid-cap FTSE 250 index .FTMC
fell 0.7%, dragged down by consumer discretionary and financial
stocks.
Equipment rental company Aggreko AGGK.L rose 1.2%, as it
backed a 2.32 billion pound ($3.22 billion) buyout offer from
private equity firms TDR Capital LLP and I Squared Capital.
London Stock Exchange Group LSEG.L fell 4.4%, even after
announcing a 7% dividend increase as integration of its $27
billion acquisition of data and analytics company Refinitiv
stepped up a gear.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.