FTSE 100 falls 0.5 percent as banks and miners slide

Published on 10/22/2026 at 13:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FTSE 100 trades at 10,699 points after oil tops USD112, while banks and miners drag. US jobless claims arrive at 1:30 p.m. London time.

Oil and earnings set the tone

FTSE 100 trades at 10,699 points at 11:06 a.m. London time, down 54 points or 0.5 percent.
Brent crude trades above USD112 as rising oil prices and weaker metals pressure London shares.
Rentokil Initial leads gainers at 8.3 percent, while Anglo American falls 4.2 percent.
US initial jobless claims are due October 22, 2026, at 1:30 p.m. London time.

FTSE 100, GB0001383545, Illustration mit AI erstellt.

The FTSE 100 trades at 10,699 points at 11:06 a.m. London time on October 22, down 54 points or 0.5 percent. Brent crude above USD112 and weaker metals prices are weighing on the index, Reuters reports.

Rentokil Initial rises 8.3 percent after stronger third-quarter organic growth and a USD200 million buyback. Sainsbury falls 4.0 percent as second-quarter like-for-like growth slowed to 1.2 percent, below the company's 1.9 percent consensus, Morningstar reports.

Why is the FTSE 100 down today?

Oil prices climbed more than 3 percent, with Brent above USD112 a barrel. Precious-metal and industrial-metal miners fell more than 3 percent as gold and copper declined, while banks also dragged on the index.

Barclays reported third-quarter pretax profit of GBP2.3 billion, below the GBP2.4 billion forecast, despite announcing a GBP500 million buyback. Its fixed-income, currencies and commodities income fell 19 percent, Hargreaves Lansdown reports.

Winners and losers in the FTSE 100

Winners and losers at 9:18 a.m. London time according to Morningstar:

Rentokil Initial up 8.3 percent: third-quarter organic growth and a USD200 million buyback.
London Stock Exchange Group up 3.7 percent: higher guidance and a USD3.54 billion Octus acquisition.
Ithaca Energy up 2.3 percent: higher oil prices and Rosebank drilling expectations.
Anglo American down 4.2 percent: copper prices decline.
Antofagasta down 4.2 percent: weaker metals prices pressure miners.
Fresnillo down 4.2 percent: precious-metal prices fall.

Sterling gains 0.1 percent to USD1.34 as markets price a Bank of England rate increase in November. UK gilt yields are flat, while European bond-market pressure adds to the cautious tone, Reuters reports.

What comes next for the FTSE 100

October 22, 2026, 1:30 p.m. London time: US initial jobless claims, listed by Marketscreener.
October 22, 2026, 3:00 p.m. London time: preliminary eurozone consumer confidence, listed by Marketscreener.

FTSE 100 price data for October 22, 2026

The index was at 10,699 points at 11:06 a.m. London time on October 22, according to Reuters. It was down 54 points or 0.5 percent from the previous close of 10,753 points. The index opened at 10,683 points.

FTSE 100 by the numbers on October 22, 2026

Index: FTSE 100
Home exchange: London Stock Exchange, United Kingdom
Level at 11:06 a.m. London time on October 22, 2026: 10,699 points
Change versus previous close of October 21, 2026: down 54 points (down 0.5 percent)
Previous close: 10,753 points
Open: 10,683 points
Top gainer: Rentokil Initial up 8.3 percent
Top loser: Anglo American down 4.2 percent
Next scheduled event: October 22, 2026, 1:30 p.m. London time: US initial jobless claims