FTSE dives into the red on banking woes

clock

The FTSE has suffered sharp falls in afternoon trading with banking stocks leading the plunge into the red amid renewed euro debt concerns.

Shortly after 2.30pm, London's leading share index was down 3.4%, or 185 points, to 5146. Barclays and Lloyds Banking Group have both tumbled more than 8% with Royal Bank of Scotland down 7.9% a...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Schroders shareholders overwhelmingly greenlight Nuveen takeover

Schroders shareholders overwhelmingly greenlight Nuveen takeover

Vote to approve £9.9bn takeover bid seen as a foregone conclusion

Linus Uhlig
clock 17 April 2026 • 1 min read
Nest awards £450m private credit mandate to Crescent Capital

Nest awards £450m private credit mandate to Crescent Capital

Direct lending mandate to invest in secured, first-priority loans to US private companies

Jasmine Urquhart
clock 13 April 2026 • 1 min read
LAPFF backs shareholder resolution at BP as climate risks escalate

LAPFF backs shareholder resolution at BP as climate risks escalate

LGPS body also recommends vote against BP’s chair amid ‘serious governance concerns’

Jonathan Stapleton
clock 09 April 2026 • 2 min read
Trustpilot