Ftse 100 Slips As Bond Yields Hit Multi: decade highs, energy shares soar

Aberdeen

08/10/2026 17:34

Updates after markets close
Oct 8 (Reuters) - London stocks slipped on Thursday as surging oil prices and a global bond rout brought inflation worries back to the forefront, but sharp gains in energy shares limited overall declines.
The blue-chip FTSE 100 index .FTSE closed 0.2% lower, after touching its lowest level in more than three months in the session, while the midcap FTSE 250 .FTMC slipped 0.4%. 
Yields on the benchmark 10-year gilt GB10YT=RR touched a 19-year high of 5.527% as soaring oil prices sparked a global bond selloff
Long-dated 20-year GB20YT=RR and 30-year GB30YT=RR gilt yields also inched to multi-decade highs, each surpassing the 6% threshold
Brent crude futures LCOc1 rose 4.5% to above $104 per barrel, as attacks on shipping in the Gulf and the Strait of Hormuz heightened supply concerns, while a hurricane disrupted US offshore production O/R
Energy stocks .FTNMX601010 jumped 3.7% to a record high with oil majors BP BP.L and Shell SHEL.L up 4% and 3.6%, respectively
On the flip side, heavyweight banks slipped 1.8%, weighing down the benchmark FTSE 100; HSBC HSBA.L and Standard Chartered STAN.L lost about 2% each, while Lloyds LLOY.L was down 1.6% 
Healthcare stocks .FTNMX201030 were the biggest losers, down 2.2%, marking their biggest one-day fall in over two months
Bank of England Governor Andrew Bailey emphasized the need for governments to strengthen fiscal credibility amid the ongoing global bond selloff to reassure investors
Among others, Tesco TSCO.L shares rose 5.2%, topping the FTSE 100, after the food retailer raised its profit forecast to £3.15 billion to £3.3 billion for fiscal 2026/27
Imperial Brands IMB.L gained 5.1% after the tobacco maker said it was on track to meet its full-year guidance and launched a new £1.5 billion pounds share buyback 
Insurer Standard Life SDLF.L lost 3.8% after Aberdeen ABDN.L sold 52 million shares in the company, reducing its stake by half 
 ($1 = 0.7571 pounds)

 (Reporting by Darshan Kumar in Bengaluru; Editing by Vijay Kishore and Joyjeet Das)
 ((darshan.kumar@thomsonreuters.com))