FTSE 100 snaps record run as financials drag, GDP data disappoints
BY Reuters | ECONOMIC | 11/13/25 12:36 PM EST*
FTSE 100 falls 1%, FTSE 250 down 0.6%
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Aviva's financial targets disappoint investors
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3i Group
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UK economy barely expands in Q3
(Updates after market close)
Nov 13 (Reuters) - London's FTSE 100 closed lower on Thursday after a three-day run of record highs, weighed down by financial shares as investors assessed disappointing third-quarter economic growth data.
The blue-chip index ended 1% down, marking its worst performance since April 9, when global markets were rattled by U.S. President Donald Trump's tariff announcements.
The mid-cap FTSE 250 also dipped 0.6%.
The investment banks & brokerages sub index extended declines from the morning and fell 7.8%.
3i Group
The energy sector dropped 1.3% as investors weighed concerns about global oversupply, even as oil prices ticked up.
On the data front, Britain's economic performance showed minimal momentum in the third quarter, with growth hampered by a cyberattack on Jaguar Land Rover in September.
Sterling briefly touched a session low following the data release before recovering to trade 0.5% higher.
Global markets remained focused on the flow of economic data from the U.S. after President Trump signed legislation ending the country's longest government shutdown. The 43-day data blackout left both the Federal Reserve and traders uncertain about labour market conditions and inflation trends.
Back in the UK, life insurers fell 2.4%, as Aviva dropped nearly 6.2% after the insurer's new financial targets failed to impress investors.
Rolls-Royce dropped 2.8%, even as the aero-engineering firm said it was confident on its full-year forecasts despite supply chain disruption.
Burberry
Precious metal miners rose 4.5%, easing from an earlier 8.3% surge in the day, as gold retreated after touching its highest level in more than three weeks.
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