FTSE 100 lower after Natwest, US tech disappointments

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The FTSE 100 was down 0.2% to 7,234.59 as Natwest's third quarter numbers were poorly received and after Amazon and Apple warned on supply chain woes overnight.

High-street bank Natwest reported that operating profit more than trebled in the third quarter as income climbed. The bank reported a £294 million litigation and conduct charge during the period, sending its shares more than 3% lower to 222.10 pence.

Technology company Computacenter slipped 2.4% to £26.88 even as said it remained on track to report record full-year profit as performance in the third quarter was 'marginally above' expectations.

Food business Hilton Food was up 0.86% to £11.68. after reporting that trading from 19 July to date, was in line with board's expectations, driven by growth in Australia and Asia Pacific.

Superyacht maintenance and supply company GYG was flat at 67p after confirming that Harwood Capital had walked away from plans to make an offer for the company.

Real estate company Grit Real Estate Income fell 15% to 31 pence after reporting a fall in annual earnings, driven by decrease in the value of its property portfolio.

Medical technology company ConvaTec gained 5% to 207.7p as it upgraded its outlook on revenue after reporting a rise in revenue in the third quarter of the year.