FTSE ends Monday in buoyant mood

clock

The FTSE 100 index added 28.9 points or 0.6%, to 5270.7 by close of business, led by BP, after Lehman Brothers increased its Brent oil-price forecast and its view of the industry as a whole.

BP closed up 16p or 2.6%, to 642p, after shares earlier reached a 52-week high of 643.5p. Its closest rival, Royal Dutch Shell, also advanced 9p or 0.5% to £17.57. Other gains today include Pearson the educational publisher, which added 12p or 1.8% to 680p, as it reported first-half net income of £346m following a net loss of £9m a year earlier. Vodafone also increased 1.75p or 1.2% to 145.25p, after reporting, excluding acquisitions and asset sales, it had added 4.14 million new customers in the three months ending June, the most since the first three months of 2000. Meanwhile, B...

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 Investment

Quilter's WealthSelect rebalances in response to bond market

Quilter's WealthSelect rebalances in response to bond market

Following recent government bond market performance

Isabel Baxter
clock 17 January 2025 • 1 min read
PA Awards 2025: Multi-asset shortlists revealed

PA Awards 2025: Multi-asset shortlists revealed

The industry’s best in balanced, high yield, adventurous and cautious funds

Professional Adviser
clock 15 January 2025 • 2 min read
PA Working Lunch: Last chance - Seeking exceptional US growth with Baillie Gifford

PA Working Lunch: Last chance - Seeking exceptional US growth with Baillie Gifford

Join PA and Baillie Gifford on Wednesday for an informative online session

Jen Frost
clock 14 January 2025 • 1 min read