FTSE 100 falls after plunging consumer confidence report

FTSE 100 falls after plunging consumer confidence report
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FTSE 100 falls after plunging consumer confidence report
Author: Alex Daniel
Published: Feb, 20 2025 17:25

Summary at a Glance

Meanwhile, the deadlines for buying shares in several major firms in time to receive a shareholder dividend also passed, pushing their shares down and hampering the FTSE as a whole.

In company news, Lloyds revealed it has set aside £1.2 billion to cover potential compensation costs for motor finance commission arrangements, as the bank’s annual profit slid by a fifth.

The FTSE 100 lost ground again on Thursday as consumer confidence in the UK fell to a new low, according to a survey.

The biggest risers on the FTSE 100 were Centrica, up 7.65p to 143.55p, Lloyds, up 3.06p to 65.9p, Endeavour Mining, up 64p to 1805p, Anglo American, up 59p to 2429p, and Fresnillo, up 16.5p to 787p.

The index of confidence, the number used to measure where consumer sentiment is, fell to minus 37, its worst ever score.

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