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LSE:CVG 24 February 2026

FTSE 100 today: UK shares finish flat as tariff and AI worries hit banks; Convatec jumps

FTSE 100 today: UK shares finish flat as tariff and AI worries hit banks; Convatec jumps

FTSE 100 closed down 0.04% at 10,680.59; FTSE 250 slipped 0.2%. Convatec surged 10.4% after raising its growth target, while Unite Group dropped 14.3% on a weaker student demand outlook. Standard Chartered missed profit estimates despite a 16% gain and a $1.5 billion buyback. Investors watched new U.S. tariffs and Bank of England rate signals.
24 February 2026
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Stock Market Today

  • Redington shares drop 5% as Gulf operations stall amid war tensions
    March 17, 2026, 2:39 AM EDT. Redington's shares dropped over 5% to an intraday low of Rs 221 on the National Stock Exchange following an announcement of restricted operations by its Gulf arm, Redington Gulf FZE, due to escalating geopolitical tensions. The stock has fallen more than 12% over five sessions. Disruptions include port and airspace closures, leading to longer shipment times, higher logistics and insurance costs, and increased working capital needs. Insurance providers have withdrawn war risk coverage, prompting the company to seek alternatives. Redington prioritizes capital preservation while implementing enhanced safety and compliance protocols. The financial impact remains uncertain, hinging on the conflict's duration and severity. Investors are advised to consult certified experts before making decisions.
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