Key facts
- FTSE 100 opened 101.11 points lower at 10,596.46.
- Brent crude futures fell 1.96% to USD 107.8 per barrel.
- US WTI declined 1.98% to USD 103.4 per barrel.
- Trustpilot Group H1 bookings rose 22% to USD 171.2 million.
- UK vacancies fell to 702,000 in the three months to August 2026.
- MJ Gleeson reported a GBP 2.7 million pre-tax loss for the year to June.
The FTSE 100 index opened lower on Tuesday, with a combination of elevated oil prices and concerns over the pace of AI development dampening market sentiment. Brent crude futures and US West Texas Intermediate (WTI) both saw declines.
In company news, Marks & Spencer Group, Kingfisher, and BAE Systems were among the gainers, while London Stock Exchange Group and Rio Tinto were notable fallers. Trustpilot Group reported a 22% rise in H1 bookings to USD 171.2 million and a 23% increase in revenue to USD 151.4 million.
Official figures indicated a fall in UK vacancies to 702,000 in the three months to August 2026. Meanwhile, housebuilder MJ Gleeson posted a GBP 2.7 million pre-tax loss for the year to June, leading to a dividend cut. The government announced that the first Budget under new Prime Minister Andy Burnham and Chancellor John Healey is scheduled for October 28.