FX.co ★ FTSE 100 Falls from Record

On Thursday, the FTSE 100 experienced a modest decline following a four-session rally that had propelled it to a record high on Wednesday. Experian emerged as the primary detractor, dropping over 4% after Fair Isaac launched a new initiative that allows mortgage lenders to directly calculate and provide FICO scores to their customers. Analysts from Jefferies issued a warning that this could diminish credit bureaus' profitability from reselling scores, potentially impacting their earnings by 10–15%. In contrast, Tesco saw an increase of more than 4.5% after raising its full-year profit forecasts, buoyed by a 4.3% rise in first-half sales. This growth was attributed to strong performances in the UK and Ireland, and an increase in market share, aided by its competitive pricing strategies and favorable weather conditions. Additionally, 3i Group surged 4.5% amid reports of a potential sale of the French IT company Evernex, in a deal possibly valued at £1.3 billion.