Interest rate decision pushes FTSE higher

clock

The FTSE 100 has ended the session on a positive note with a rise of 32.6 points, or 0.51%, to 6,397.3, following the Bank of England's decision to maintain interest rates at 5.25%.

Miner Lonmin posted the biggest gains with a rise of 3.21% to £34.76, closely followed by Old Mutual which added 2.4% to 170.5p, while Reuters Group advanced 2.18% to 493.25p. Alliance & Leicester has climbed 1.61% to £11.35, while Royal & Sun Alliance Group has added 1.54% to 164.7p, although Capita Group limited gains with a fall of 0.93% to 691p. Man Group was the biggest loser with a fall of 1.67% to 560p, closely followed by Pearson which slipped 1.51% to 850p, while ICAP dropped 1.1% to 540.5p, and Kelda Group declined 1.1% to 947p. In the US the Dow Jones Industrial Average is ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Trump's presidency and tariffs: Advice industry shares views

Trump's presidency and tariffs: Advice industry shares views

‘Stark raving mad’ but ‘great’ for US firms

Isabel Baxter
clock 18 February 2025 • 4 min read
Five-fold surge in advisers buying gilts for clients in 2024

Five-fold surge in advisers buying gilts for clients in 2024

AJ Bell finds 436% increase in gilt purchases on its Investcentre

Isabel Baxter
clock 10 February 2025 • 1 min read
Bank of England cuts interest rates by 25bps to lowest level in 18 months

Bank of England cuts interest rates by 25bps to lowest level in 18 months

First MPC meeting of the year

Sorin Dojan
clock 06 February 2025 • 3 min read