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UK stocks end 0.8% lower as telecom, tobacco drag; Sage leads gainers

The UK 100 index fell 0.8% on Thursday, with declines in fixed-line telecoms and consumer staples offsetting gains in Sage, LSEG and REL. Gold and oil futures edged higher.

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Priya Anand · Equities & Earnings Desk · 2 Sept 2026 · 16:42 · 1 min read
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UK stocks end 0.8% lower as telecom, tobacco drag; Sage leads gainers

UK equities declined on Thursday, with the Investing.com UK 100 index falling 0.80% as losses in fixed-line telephony, beverages and tobacco weighed on sentiment. Declining stocks outnumbered advancers by 869 to 805, while 577 issues were unchanged.

Sage Group led gains among blue-chip constituents, rising 3.81% to close at £1,103.50. London Stock Exchange Group added 3.36% to £8,980.00, while REL advanced 3.17% to £2,668.00. Entain was the top decliner, dropping 3.66% to £511.00 and touching a 52-week low. Vistry Group fell 3.44% to £303.00, and Londonmetric Property declined 2.72% to £189.40.

Commodities showed modest gains. Gold futures for December delivery rose 0.16% to $4,660.96 per troy ounce, while crude oil for October delivery advanced 0.57% to $82.70 per barrel. Brent crude for November delivery climbed 0.67% to $87.52 per barrel.

The pound held steady against the dollar, with GBP/USD flat at 1.36. The euro’s cross rate versus sterling was unchanged at 0.86, while the U.S. Dollar Futures Index rose 0.02% to 99.07.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Priya Anand
Equities & Earnings Desk

Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.

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