Market Report - midday

London midday: FTSE stays down ahead of Budget but banks rally

By Michele Maatouk

Date: Wednesday 28 Oct 2026

(Sharecast News) - London stocks were still a little weaker by midday on Wednesday as investors eyed Chancellor John Healey's first Autumn Budget, although banks rallied following a report the bank tax will be less severe than feared.
The FTSE 100 was down 0.3% at 10,653.59.

The Budget is due...

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