LSE:VTY 8 July 2026

FTSE 100 drops as oil surge stokes rate fears
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FTSE 100 drops as oil surge stokes rate fears

UK stocks fell Wednesday as oil’s rally stopped being an easy win for London. Brent prices lifted BP and Shell, but higher oil brought rate fears back. The FTSE 100 had energy names up, but most other shares fell. FTSE 100 lost ground Wednesday, showing the index hasn’t been a safe spot for investors. Still, it’s up 5.62% in 2024 and has gained 18.29% over the last 12 months, so there were profits on the table before the drop. The easy path for UK stocks in June now faces stiffer tests as earnings season arrives in July.
July 8, 2026
FTSE 100 slides as oil rally can’t lift London shares
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FTSE 100 slides as oil rally can’t lift London shares

London shares dropped on Wednesday, but moves were split. Oil majors held up with higher crude, while most other stocks fell as fuel costs and inflation fears rose, plus a new Middle East worry after U.S. President Donald Trump said the first Iran deal was done. Reuters reported the FTSE 100 off 1.3% to 10,519.17 at 1111 GMT, with the FTSE 250 down 1.7%. Market breadth stood out for investors. Energy was up—it was the only sector in the green earlier. Defence stocks fell the hardest, which doesn’t happen often when markets are moving on Middle East risks. BP gained 3%, Shell added 1.8%. Precious-metals miners dropped 3.6% as gold lost over 1%.
July 8, 2026