Consumer confidence has tumbled to fresh lows, a closely-watched survey showed on Friday, as the cost of living crisis continues to weigh heavily.
Automobiles and Parts paced losses on the FTSE 350 on Thursday as the heightened tensions from the war in Ukraine from the day before, given the country's importance to the sector's supply chains.
European stocks fell back as investors digested further interest rate hikes out of the Bank of England, Norwegian central bank and Swiss central bank.
London stocks closed in the red on Thursday, after the Bank of England lifted interest rates by 50 basis points, on the back of a 75-basis point hike from the US Federal Reserve across the pond.
Former JD Sports Fashion boss Peter Cowgill was already spending his golden goodbye on Thursday, buying almost £50k worth of shares in fashion retailer Quiz.
All eyes at the end of the week will be on the presentation of the new Prime Minister's 'mini-budget'.
Analysts at Berenberg downgraded software firm Aveva from 'buy' to 'hold' on Thursday as it noted Schneider's bid for the company will likely be accepted.
London’s FTSE 100 was down 0. 9% at 7,174. 99 in afternoon trade on Thursday.
An often-cited measure of economic growth slipped unexpectedly last month, potentially pointing to a recession, a leading business lobby group said.
Kwasi Kwarteng confirmed on Thursday that the 1. 25 percentage point rise in National Insurance that came into force in April will be reversed from November.
Wall Street stocks traded lower early on Thursday as market participants continued to digest the Federal Reserve's interest rate decision overnight.
The FTSE 250 was down 1. 06% to 18,515. 55 at 1410 BST.
The Bank of England hiked interest rates by 50 basis points to 2. 25% on Thursday as it looks to combat surging inflation.
Americans filed first-time unemployment claims at an accelerated pace in the week ended 17 September, according to the Department of Labor.
The government has lifted a ban on fracking for shale gas "to bolster the UK’s energy security".
Renewable energy company Good Energy Group revealed on Thursday that chargepoint mapping service Zap-Map has struck a partnership with automotive manufacturer Nissan.
Cybersecurity service provider ECSC announced a partnership with Securonix on Thursday, by joining its global managed service provider programme.
Geoenergy and green hydrogen company Getech announced further progress with its Shoreham Port Green Energy Hub on Thursday, with the extension of exclusive rights for the development of all port-based hydrogen, ammonia and new onshore wind and solar generation capacity through to August 2027.
Asset manager Jupiter Fund Management is in discussions about selling part of its stake in Starling Bank, it was reported on Thursday.
Professional and financial service software provider GetBusy said in an update on Thursday that annualised recurring revenue rose to £18. 8m at the end of August, from £18. 1m on 30 June.