“The month is ending with weakness for European markets, with US markets also running out of upward momentum for the time being. “Value stocks have been hit across the FTSE 100 today, with banks down as UK stocks play catch-up with (Jerome) Powell’s speech on Friday and travel stocks remain in the red as investors fret about the outlook for the next few months. Shares in the business closed down 2.8% amid a wider sell-off in travel stocks. Bunzl also saw a drop in its share price, after it warned investors that it is facing supply chain issues in many major markets. The biggest fallers on the FTSE 100 were B&M, down 15.8p to 559p, United Utilities, down 5.6p to 213.1p, IAG, down 4.16p to 159.36p, HSBC, down 8.75p to 386.2p, and Sainsbury’s, down 6.4p to 304p.

Source: Irish Independent August 31, 2021 16:41 UTC