FTSE 100 falls 0.8 percent as HSBC drags banks

Published on 10/27/2026 at 23:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FTSE 100 closed at 10,686 points after HSBC fell 5.4 percent, with the UK Budget and Federal Reserve decision due Wednesday.

HSBC weighs on UK shares

FTSE 100 closed at 10,686 points on October 27, down 80.79 points or 0.8 percent.
HSBC fell 5.4 percent after third-quarter revenue missed the USD19 billion estimate.
Antofagasta led gainers at 4.3 percent, while HSBC was the biggest loser at 5.4 percent.
The UK Autumn Budget is due Wednesday, October 28, at 12:30 p.m. London time.

FTSE 100, GB0001383545, Illustration mit AI erstellt.

The FTSE 100 closed down 80.79 points, or 0.8 percent, at 10,686.54 points on October 27. HSBC's revenue miss and caution before Wednesday's UK Budget weighed on the benchmark, Alliance News reported.

HSBC was the biggest drag, falling 5.4 percent after third-quarter revenue reached USD18.62 billion against a USD18.93 billion consensus estimate. Reckitt Benckiser also fell 5.3 percent after cutting its annual growth guidance, Reuters said.

Why did the FTSE 100 fall on Tuesday?

Financial and consumer stocks led the decline after the two earnings updates. HSBC reported higher profit but missed revenue expectations, while Reckitt cited weaker demand and manufacturing constraints.

Lower oil prices also pressured energy shares. Shell fell 1.8 percent and BP dropped 2.9 percent, according to AJ Bell.

Top and flop in the FTSE 100

Winners and losers at the London close according to Hargreaves Lansdown:

Antofagasta up 4.3 percent
Barratt Redrow up 2.8 percent
Rio Tinto up 2.5 percent
HSBC Holdings down 5.4 percent: revenue missed expectations
Reckitt Benckiser down 5.3 percent: annual growth guidance was cut
Pearson down 3.4 percent

Gains in mining stocks partly offset the losses. The personal care, drug and grocery sector fell 1.3 percent, while selected technology shares advanced, Reuters reported.

FTSE 100 price course and market setting

The index opened at 10,767.81 points and reached an intraday low of 10,655.50 before recovering into the close, according to Yahoo Finance. The previous close was 10,767.33 points.

The FTSE 100 underperformed broader European markets, which were supported by technology shares. Investors also assessed borrowing costs, energy prices and the prospect of higher taxes on banks before the Budget.

What comes next for the FTSE 100?

October 28, 2026, 8:00 a.m. London time: Standard Chartered is scheduled to publish third-quarter results, Yahoo Finance shows.
October 28, 2026, 12:30 p.m. London time: Chancellor John Healey is expected to deliver the UK Autumn Budget and the OBR fiscal outlook, Investing.com reports.
October 28, 2026, 2:00 p.m. ET: The Federal Reserve is scheduled to release its policy decision, followed by a press conference at 2:30 p.m. ET, Admiral Markets says.

FTSE 100 price data for October 27, 2026

The FTSE 100 closed at 10,686.54 points on October 27, down 80.79 points or 0.75 percent from 10,767.33 points, according to Hargreaves Lansdown. It opened at 10,767.81 points and reached a low of 10,655.50 points.

FTSE 100 by the numbers on October 27, 2026

Index: FTSE 100
Home exchange: London Stock Exchange, United Kingdom
Close on October 27, 2026: 10,686 points
Change versus previous close of October 26, 2026: down 80.79 points (down 0.8 percent)
Previous close: 10,767 points
Open: 10,768 points
Day low: 10,656 points
Top gainer: Antofagasta up 4.3 percent
Top loser: HSBC Holdings down 5.4 percent
Next scheduled event: October 28, 2026, 12:30 p.m. London time: UK Autumn Budget