FTSE fails to build on property gains

clock

The FTSE 100 is down 35.8 points, or 0.56%, to 6,413.4, despite a rally by property companies on the back of the sale of HSBC's building in Canary Wharf.

Liberty International is posting the biggest gains with a rise of 2.73% to £12.42, closely followed by Slough Estates which is up 1.94% to 788p, while Hammerson has advanced 0.98% to £15.40. Scottish & Newcastle has climbed 1.3% to 625p, while SABMiller has added 1.34% to £12.06, although gains are being offset by Northern Rock which has slipped 1.58% to £10.60. Punch Taverns is the biggest loser with a fall of 2.76% to £12.68, closely followed by Hanson which is down 2.62% to 836.5p, while Schroders NV NON-VTG SHS ú1 has slipped 1.79% to £11.52, and Schroders has fallen 1.47% to £12.76...

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