FTSE 100 closes lower as Barclays weighs 54 points

The FTSE 100 closed on October 22, 2026, at 10,699 points, losing 54 points or 0.5 percent, Reuters reported. Brent crude reached USD111.18 as banks and miners came under pressure.

Rentokil Initial rose 8.6 percent after reporting stronger organic revenue growth and announcing a USD200 million buyback, Morningstar said.

Why did the FTSE 100 fall on October 22?

Oil prices rose as Middle East tensions increased supply concerns. Brent stood at USD111.18 at the London close, up from USD109.14 on Wednesday, Morningstar reported.

Barclays fell 2.3 percent after missing estimates for third-quarter profit and announcing plans to cut about 5,000 jobs, Reuters said. Higher oil prices also reinforced inflation concerns after UK consumer prices rose 3.5 percent in September, above the 3.4 percent expectation.

Mining losses deepen the FTSE 100 decline

• Rentokil Initial up 8.6 percent: stronger organic growth and a USD200 million buyback, Morningstar reports
• London Stock Exchange Group up 7.7 percent: higher guidance and the USD3.54 billion Octus acquisition, Morningstar reports
• Fresnillo down 6.5 percent: weaker precious-metal prices, Morningstar reports
• Antofagasta down 6.2 percent: weaker metals prices, Morningstar reports

Mining stocks were among the steepest decliners as gold fell to USD4,054.71 an ounce and copper declined 2.7 percent. Defensive pharmaceutical and consumer stocks limited the benchmark's loss.

What comes next for the FTSE 100

• October 23, 2026, 7:00 a.m. London time: UK September retail sales, with a 1.3 percent year-over-year consensus, Morningstar lists
• October 23, 2026, 9:30 a.m. London time: UK flash composite purchasing managers' index, with a 51.7 consensus, Morningstar lists

FTSE 100 price data for October 22, 2026

The FTSE 100 closed at 10,699 points on October 22, 2026. It lost 54 points or 0.5 percent from the previous close of 10,753 points.

More market reports and analysis on the FTSE 100