Afternoon Markets: FTSE 100 plunges 1.5% after Moody's bank warning

clock

The FTSE 100 dived 1.52% or 80.94 points to 5,260.99 with banks dragging on the index after Moody's warned UK lenders are at risk of Greek contagion.

Barclays was worst hit following the Moody's report, falling 6.52% to 301.7p. Lloyds dropped 5.76% to 56.64p, while Standard Charted declined 4.67% to £16.11 and RBS dipped 4.31% to 48.23p. Defence supplier Cobham also saw big falls, down 5.64% to 244.3p, as quarterly positive results failed to compensate for a slowdown in orders last year. Meanwhile, Schroders was the day's best performer, it was up 6.11% to £13.89, while Schroders NV advanced 4.81% to £11.12, after posting strong Q1 results. Among other risers, Rexam increased 2.81% to 321.5p, Randgold Resources 2.48% grew to £...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

Geopolitics in the driving seat

Michael Nelson
clock 25 June 2026 • 2 min read
Advisers highlight uncertain political and fiscal future after Starmer resignation

Advisers highlight uncertain political and fiscal future after Starmer resignation

Prime minister’s exit places chancellor Rachel Reeves’ position ‘inevitably’ under scrutiny

Isabel Baxter
clock 22 June 2026 • 5 min read
OBR independence 'a major advantage' for UK economy

OBR independence 'a major advantage' for UK economy

Treasury Committee hearing

Alex Sebastian
clock 20 May 2026 • 4 min read