This morning saw a variety of updates from FTSE 100 index members, with the overall tone downbeat in the stock market. Among those reporting this morning are Lloyds, Centrica, BT Group, Unilever, and Vodafone.

Key Points:
Lloyds Sticks to Guidance: Lloyds Bank kept its financial guidance intact despite the general slump.
– Centrica’s Profit Drop: Centrica, the owner of British Gas, suffered a sharp fall in profits.
– US Tech Stocks Fall: Large technology stocks in the US plunged.
– Revolut Secures UK Banking License: Revolut won its UK banking license as a landmark victory.

Market End of Day Report
By the close of today’s trading, the FTSE 100 index had recovered and finished the day up by 33 points at 8,186. Shares in Wise were initially suspended due to volatility but later recovered. Centrica remained one of the poorest performers and ended the day down about 8%.

Dan Coatsworth, an analyst at AJ Bell, said that Centrica’s update had been broadly cyclical in nature. He stated that clearly, Centrica had benefited from high energy prices resulting from the crisis, but he added that the recent drop in profits was expected as prices returned back to normal.

US Stock Market Update
Trading in the United States kicked off little changed following positive GDP data. The S&P 500 opened barely higher, moving up 0.03%, while Nasdaq Composite rose 0.06%.

Volatility in Wise Shares
Shares in London fintech company Wise were temporarily halted following an unexpected drop of more than 10%. When trading resumed, the shares had partially bounced back but were still off roughly 6% on the morning.

Revolut’s New Milestone
After three years of waiting, the fintech giant Revolut finally nailed a UK banking license. Valued at $45 billion, the company is now empowered to further expand into an array of services. What is more interesting, however, is that so many customers who have premium accounts with Revolut use it essentially to take advantage of the discounted Financial Times subscription that comes as part of the benefits package.

Nationwide’s Mortgage Offer
Nationwide has just brought out another deal on a mortgage at 3.99% interest, but only for those who are willing and able to put down a 40% deposit. While that might all sound quite nice, it does literally nothing for first-time buyers without chunky property wealth.

Conclusion
Today’s stock market has been one of real ups and downs for some of the largest companies. Lloyds stuck by its guidance, while Revolut toasted to a major milestone; Centrica had a poor day as it posted big profit losses. Across the Atlantic, things weren’t going better for technology companies as well, part of a bigger underpin of volatility. The FTSE 100 closed on a positive note, but the day underlined that uncertainty in the market is far from over.