The black thing sends FTSE in the red
BP and Shell tipped the FTSE 100 into the red as their value fell due to crude oil prices falling to six-week lows.
The blue chip index closed 35.24 points, or 0.48%, down to 7,255.96.
It came as the pound hit a pandemic high against the euro, topping 1.19 for the first time since February 2020.
The German Dax fell by 0.18% and the French Cac by 0.21%
Michael Hewson at CMC Markets: “The difficulties of the FTSE 100 continued today, this time feeling the effects of GlaxoSmithKline ex-dividend, while the weakness of BP and Royal Dutch Shell, due to lower prices of the oil overnight, acted as another important drag. on the general feeling.
Speculation that the United States, Japan and China could unite in an attempt to contain prices pushed Brent crude down to $ 80.30 per barrel at the close from 81.58.
Homebuilders were among the top performers of the day as they were boosted by a stronger than expected performance from Crest Nicholson.
The FTSE 250 company climbed higher after saying it would beat its earnings guidance, with its shares rising 17.2p to 351.2p, and put competitors like Persimmon and Barratt on a similar upward trajectory.
Elsewhere in company news, Royal Mail peaked in the FTSE 100 after revealing it would distribute £ 400million to shareholders after an exceptional time for the company during the Covid-19 crisis when the Online deliveries have skyrocketed.
Shares of the delivery giant jumped 42.7p to 480.7p at the end of trading as revenues jumped from £ 5.7bn to £ 6.1bn and pre-tax profits fell from £ 17million to £ 315million in the six months leading up to September 26.
Metro Bank’s value fell sharply after private equity giant Carlyle ended talks with the company over a possible takeover.
Naked Wines also saw its shares fall after saying availability issues caused by supply chain pressures weighed on new customer growth. It closed down 62p to 613p.
The biggest hikes in the FTSE 100 were Royal Mail, up 42.7p to 480.7p, Persimmon, up 129p to 2,819p, Berkeley, up 166p to 4,462p, and Taylor Wimpey, up 5.75 p to 158.65 p.
The biggest drops were Darktrace, down 25.5p to 524.5p, Fresnillo, down 35p to 951.8p, GlaxoSmithKline, down 47p to 1,512p, and Polymetal, down 45.5p to 1471p.
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