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FTSE 100 Live: London stocks slip as Apple's memory crisis spooks markets

Markets Proactiveinvestors UK ✦ xCruzoAi 🇺🇸🇪🇸
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FTSE 100 Live: London stocks slip as Apple's memory crisis spooks markets
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London’s FTSE 100 slipped after Apple’s decision to raise prices for MacBooks and iPads intensified market concern over a “global memory crisis” and the cost pressures tied to AI-driven demand. Early on Friday, the index was down 27 points to 10,503.28, as investors shifted attention from geopolitical tensions to technology supply-chain stress. Miners Endeavour Mining, Fresnillo, and Antofagasta were among the top laggards, while copper sentiment softened and precious metals faced renewed selling pressure. In company news, housebuilder Barratt Redrow rose 1.5% and confirmed Dean Banks will become CEO on September 21, succeeding David Thomas. Elsewhere, a New York Times report suggested OpenAI could delay its IPO until 2027, contributing to declines across Asian markets, including a roughly 14% fall for SoftBank.

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