FTSE 100 falls 1.0 percent as HSBC drags banks
Published on 10/27/2026 at 13:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRates and budget
- FTSE 100 stood at 10,664 points, down 104 points or 1.0 percent at 11:21 a.m. London time.
- HSBC fell 7.3 percent after USD 18.6 billion revenue missed the USD 19.0 billion forecast.
- Investec was the top gainer at 2.8 percent, while HSBC was the biggest loser at 7.3 percent.
- The UK Budget is scheduled for October 28, 2026, at 12:30 p.m. London time.
FTSE 100 was at 10,664 points at 11:21 a.m. London time on October 27, 2026, down 104 points or 1.0 percent from the previous close, MarketScreener reported. HSBC fell 7.3 percent after revenue of USD 18.6 billion missed the USD 19.0 billion forecast, Reuters said.
Reckitt fell 4.3 percent after cutting its annual revenue-growth forecast. The UK Budget and a Federal Reserve decision are scheduled for Wednesday.
Why is FTSE 100 down at midday?
Bank shares led the decline after HSBC reported higher quarterly profit but weaker-than-expected revenue. The bank also reported a common equity tier 1 ratio of 13.9 percent, down from 14.1 percent previously, Yahoo Finance reported.
Shop price inflation accelerated to 2.1 percent in October from 1.4 percent in September, above the 1.6 percent expectation. Higher oil prices added to the inflation concern, Trading Economics said.
Winners and losers in FTSE 100
Winners and losers at 11:17 a.m. London time according to MarketScreener:
- Investec up 2.8 percent
- Rentokil Initial up 2.0 percent
- Antofagasta up 1.7 percent
- HSBC down 7.3 percent: revenue missed expectations
- Reckitt down 4.3 percent: annual growth guidance was cut
- Burberry down 1.7 percent
Banking and personal-care shares were among the weakest groups. Mining stocks provided support as Rio Tinto and Antofagasta advanced.
FTSE 100 course from the open
The index opened at 10,659 points after Monday's close at 10,767 points. It reached an intraday high of 10,768 points and a low of 10,656 points, Morningstar and Yahoo Finance reported.
What comes next for FTSE 100
- October 28, 2026, 12:30 p.m. London time: UK Budget Statement, UK Parliament confirms.
- October 28, 2026, 6:00 p.m. London time: Federal Reserve policy statement, with the target rate expected at 3.75 percent to 4.00 percent, Admiral Markets reports.
FTSE 100 price data for October 27, 2026
FTSE 100 stood at 10,664 points at 11:21 a.m. London time on October 27, 2026, down 104 points or 1.0 percent from the previous close of 10,767 points. The index opened at 10,659 points and traded between 10,768 points and 10,656 points, MarketScreener reported.
FTSE 100 by the numbers on October 27, 2026
- Index: FTSE 100
- Home exchange: London Stock Exchange, United Kingdom
- Level at 11:21 a.m. London time on October 27, 2026: 10,664 points
- Change versus previous close of October 26, 2026: down 104 points (down 1.0 percent)
- Previous close: 10,767 points
- Open: 10,659 points
- Day high / day low: 10,768 points / 10,656 points
- Top gainer: Investec up 2.8 percent
- Top loser: HSBC down 7.3 percent
- Next scheduled event: October 28, 2026, 12:30 p.m. London time: UK Budget Statement
