The UK benchmark index has fallen deep into the red in the last trading day of the week, pressured by the ongoing trade war fears, and staying little changed after the monthly US jobs report. International Consolidated Airlines Group (LON:IAG) has been one of the most notable FTSE 100 fallers today as it disclosed a data breach at its British Airways unit.
FTSE 100 in the red
As of 14:08 BST, the UK benchmark index had given up 84.17 points to stand 1.15 percent in the red at 7,234.79. Sentiment has remained subdued with investors focusing on the prospects for more US tariffs on China.
“Concerns over emerging markets and another US-China tariff clash are pushing traders towards risk-off sentiment into the weekend,” analysts at Accendo Markets said in a note, as quoted by Reuters.
The index has been little changed following the latest US jobs report which showed that the world’s biggest economy had added 201,000 new jobs last month, while the unemployment rate had remained unchanged at 3.9 percent.
In individual stock news, shares in IAG are underperforming the broader UK market as the company announced that its British Airways unit was investigating a theft of customer data from its website and the airline’s mobile app, ‘as a matter of urgency’. The group’s stock is 2.06 percent worse off at 667.20p.
Kingfisher (LON:KGF) is also marginally underperforming the market as it announced that it had replaced the chief executive of its French business. The DIY retailer’s shares are changing hands 1.45 percent lower at 264.60p.
The FTSE 100 was 0.82 percent down at 7,259.05 points as of 14:51 BST on Friday, 07 September 2018.