MPC decision fails to steady FTSE

clock

The FTSE 100 has ended the day down 17.6 points, or 0.27%, to 6,505.1, as the hold on interest rates has been overshadowed by the opening fall on Wall Street.

Vodafone posted the biggest gains with a rise of 2.13% to 158.4p, closely followed by GlaxoSmithKline which climbed 2.12% to £12.99, while BHP Billiton advanced 1.82% to £12.86. Cable and Wireless also added 1.13% to 197p, while Royal Dutch Shell ‘B’ shares gained 1.08% to 319.72, although early gains were offset by Alliance & Leicester which slipped 2.61% to £11.21. Property companies also fell as Persimmon declined 3.65% to £12.40, closely followed by Land Securities which slipped 3.57% to £17.57, while Hammerson fell 2.58% to £14.73, and Drax slumped 2.86% to 747.5p. In the US, the...

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