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London close: FTSE falls amid worries about AI spending, surging oil prices

By Michele Maatouk

Date: Friday 23 Oct 2026

(Sharecast News) - London stocks fell on Friday amid surging oil prices and concerns about AI spending, as investors mulled a bigger-than-expected drop in UK retail sales and a plunge in consumer confidence.
The FTSE 100 closed down 0.3% at 10,690.36, while Brent crude was up 3.6% at $117.23 a barrel...

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