The U.K. stock market experienced a decline on Wednesday, with the FTSE 100 Index falling by 0.47% to reach a level of 7,630.57.
Declines Among FTSE 100 Constituents
Several FTSE 100 constituents saw significant declines in their stock prices on Wednesday:
- Advertising/marketing/public relations company WPP PLC witnessed the largest decline, with shares falling by 3.04%.
- Mixed retailing firm Marks & Spencer Group PLC and investment advisors company M&G PLC experienced respective declines of 2.91% and 2.44% in their share prices.
- B&M European Value Retail S.A., a mixed retailing company, and wireless telecommunications services business Vodafone Group PLC also faced significant decreases of 2.19% and 2.08% in their stock prices.
Largest Increase by Croda International PLC
Amidst the FTSE 100 constituents, chemicals company Croda International PLC saw the largest increase, with shares rising by 4.78% on Wednesday.
Other Notable Gains
In addition to Croda International PLC, pharmaceuticals firm GSK PLC and non-ferrous metals company Antofagasta PLC also experienced gains in their stock prices, with increases of 1.96% and 1.70%, respectively.
Top Five Increases
The top five increases among the FTSE 100 constituents were rounded out by the following companies:
- Severn Trent PLC, a utilities company, witnessed a rise of 1.48% in its stock prices.
- Gambling industries firm Flutter Entertainment PLC saw its stocks rise by 1.34%.
Currency and Commodity Movements
The pound showed strength against both the dollar and the euro, with a 0.25% increase against the dollar, reaching $1.2733, and a 0.16% increase against the euro, reaching €1.1729.
Meanwhile, Brent crude witnessed a decline of 2.3%, falling to $80.57, while the yield on the 10-year gilt dropped by 10.420 basis points to 3.800%.