FTSE 100 retreats from record to fall; Storm Eowyn batters Ireland and Scotland

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FTSE 100 retreats from record to fall; Storm Eowyn batters Ireland and Scotland

^{Published on 2025-01-24 17:41:10 - Investing}

Marks and Spencer (LON: MKS) Group PLC continue to lead the day's fallers, down 3.6%, while a lack of major movers saw Taylor Wimpey (LON: TW) PLC and Compass Group (LON: CPG) PLC also among losers.

The article from Investing.com discusses the performance and key events affecting the FTSE 100 index. It highlights that Burberry, a luxury fashion brand, reported a significant drop in its share price due to a profit warning, reflecting concerns over a slowdown in luxury goods demand, particularly in China. Severn Trent, a water utility company, also came into focus as it announced a £1 billion investment plan aimed at improving water quality and infrastructure, which could influence its stock performance. Additionally, consumer confidence in the UK was a focal point, with recent data suggesting a slight uptick, potentially impacting retail and consumer-related stocks. The article also touches on broader market sentiments, including reactions to economic indicators, Brexit-related news, and global economic trends, all of which contribute to the volatile trading environment for the FTSE 100.

Read the Full Investing Article at:
[ https://uk.investing.com/news/stock-market-news/ftse-100-live-burberry-severn-trent-consumer-condidence-in-focus-3888720 ]

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