FTSE 100 Slips as August Borrowing Overshoots Forecasts

Duchess Magazine

4 hours ago

1 min read

Business

The FTSE 100 closed lower on Tuesday as official figures showed public-sector net borrowing of £18.3 billion in August.

That was £2.9 billion more than a year earlier and above both market and OBR estimates.

Banks and defence names led the fall while Kingfisher jumped after a stronger profit outlook.

Recent Posts

See All

Hormuz Tanker Strike Keeps Brent Crude Near 100 Dollars

A projectile struck a tanker in the Strait of Hormuz, a British navy shipping centre said.

Tom Cruise Tells London Crowd People Still Want Real Cinema

Tom Cruise told a BAFTA Life in Pictures audience in London that artificial intelligence is coming but that audiences still want real things on screen.

Five UK Police Forces Drop Palantir After Two-Year Trial

Five British police forces have ended a Palantir project after two years, a setback for the U.S. firm’s UK public-sector push.

Comments