Energy companies power up FTSE

clock

The FTSE 100 has ended the session up 30.5 points, or 0.48%, to 6,449.2, as positive broker comment, healthy gains among the miners and an early recovery in the US pushed the index higher.

International Power posted the biggest gains with a rise of 3.28% to 440.25p, closely followed by Punch Taverns which added 2.68% to £13.04, while Home Retail climbed 2.52% to 457.25p. Detica Group added 2.52% to 387p, while Cable & Wireless advanced 2.43% to 185.6p, although gains were limited by BAE Systems which ended the session down 0.65% to 457p. Scottish & Newcastle was the biggest loser with a fall of 1.28% to 617p, closely followed by Shire which dropped 1.02% to £11.70, while Smiths Group declined 0.73% to £10.85, and Lonmin fell 0.69% to £33.11. In the US, the Dow Jones Ind...

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

Why the lead-up to the Budget may have been worse than the Budget itself

Why the lead-up to the Budget may have been worse than the Budget itself

What Rachel Reeves and Dr Evil have in common

Laith Khalaf
clock 13 November 2024 • 4 min read
Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 2 min read
'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read