Stock Markets March 2, 2026

London Stocks Retreat; U.K. 100 Index Drops 1.30% as Travel, Autos and Healthcare Weigh

BAE and Shell climb while WPP, IAG and Standard Chartered suffer steep losses in a broad market decline

By Ajmal Hussain SHEL WPP
London Stocks Retreat; U.K. 100 Index Drops 1.30% as Travel, Autos and Healthcare Weigh
SHEL WPP

U.K. equities closed lower on Monday with the Investing.com United Kingdom 100 finishing down 1.30%. Gains in defence and energy names were insufficient to offset declines across Automobiles & Parts, Travel & Leisure and Healthcare Equipment & Services. Market breadth was negative as decliners substantially outnumbered advancers on the London Stock Exchange.

Key Points

  • The Investing.com United Kingdom 100 closed down 1.30% as losses in Automobiles & Parts, Travel & Leisure and Healthcare Equipment & Services weighed on the market.
  • BAE Systems (LON:BAES) and Shell (LON:SHEL) posted gains and reached all-time highs, while WPP (LON:WPP) fell to five-year lows.
  • Market breadth was negative: 1,311 decliners, 559 advancers and 446 unchanged; commodities and major FX pairs also moved notably.

U.K. stock indices ended the trading day in negative territory on Monday, with the Investing.com United Kingdom 100 falling 1.30% at the close in London. The slide was driven by notable weakness in the Automobiles & Parts, Travel & Leisure and Healthcare Equipment & Services sectors.

Among individual large-cap movers, BAE Systems PLC (LON:BAES) was the session's top gainer, finishing up 6.11% or 129.00 points at 2,241.00. Airtel Africa Plc (LON:AAF) added 3.21% or 11.20 points to reach 360.20, and Shell PLC (LON:SHEL) climbed 2.50% or 76.80 to close at 3,150.30.

On the downside, WPP PLC (LON:WPP) led losses, sliding 7.64% or 21.00 points to 254.00 at the close. International Consolidated Airlines Group S.A. (LON:ICAG) fell 5.48% or 23.20 points to finish at 400.50, while Standard Chartered PLC (LON:STAN) dropped 5.30% or 97.00 points to end the session at 1,735.00.

Market breadth was skewed toward declines on the London Stock Exchange, with 1,311 stocks falling versus 559 advancing and 446 closing unchanged.

Notable price milestones were recorded during the session. Shares of BAE Systems rose to all-time highs, closing up 6.11% at 2,241.00. Shell also marked new all-time highs, finishing at 3,150.30 after a 2.50% gain. In contrast, WPP's shares fell to five-year lows, ending the day at 254.00 following a 7.64% decline.


Commodities and currency markets moved sharply as well. Gold futures for April delivery rose 1.28% or 67.00 to $5,314.90 a troy ounce. Crude oil for April delivery climbed 5.43% or 3.64 to $70.66 a barrel, while the May Brent contract increased 5.93% or 4.32 to trade at $77.19 a barrel.

In foreign exchange trading, GBP/USD was down 0.63% to 1.34, while EUR/GBP was unchanged 0.37% to 0.87. The US Dollar Index Futures gained 0.97% to reach 98.51.


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Risks

  • Sector concentration in the day’s losses - specifically Automobiles & Parts, Travel & Leisure and Healthcare Equipment & Services - increases near-term downside risk for those sectors.
  • Sharp moves in oil and gold prices introduce commodity price volatility risk that can affect energy and materials sector valuations.
  • A weakening GBP versus the US dollar, as indicated by GBP/USD down 0.63%, may create currency-related earnings pressure for GBP-listed exporters and international businesses.

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