FTSE 100 index slightly down, led by Croda International's share drop

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FTSE 100 index slightly down, led by Croda International's share drop
Credit: © Reuters.

The FTSE 100 Index UKX in the UK experienced a minor decrease of 0.03% on Monday, closing at 7,492.21. The most significant loss was observed in the shares of chemicals company Croda International PLC, which fell by 7.32%. Several other companies also faced losses, including passenger airlines firm International Consolidated Airlines Group (LON: ICAG ) S.A., clothing retail company Next PLC (LON: NXT ), technical services company Spirax-Sarco Engineering PLC (LON: SPX ), and air freight firm International Distribution Services PLC.

Despite the overall dip in the index, some companies managed to record gains. Defense equipment/products company BAE Systems PLC (LON: BAES ) led the pack with a share increase of 4.53%. Shares of major oil & natural gas companies BP (NYSE: BP ) PLC and Shell PLC (LON: SHEL ) also saw an upturn. Additionally, tobacco company Imperial Brands PLC (LON: IMB ) and wireless telecommunications services company Vodafone Group PLC (LON: VOD ) reported an increase in their shares.

In currency markets, the pound experienced mixed fortunes on Monday. It depreciated by 0.30% against the dollar but managed to appreciate by 0.16% against the euro. Brent Crude saw a significant surge of 3.9%, closing at $87.88. Meanwhile, the yield on the 10-year gilt experienced a fall by 9.290 basis points to settle at 4.484%.

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